Noram Ventures (TSXV:NRM) will acquire 201 mineral claims comprising 3,998 acres in Nevada’s Clayton Valley.
As quoted in the press release:
The two non-contiguous claim groups (the “Li Group Claims”) are located in the same geological formation as, Rockwood’s and Lithium X’s operations. Noram will pay USD$ 100,000 for the 201 mineral claims, by way of a promissory note to the vendor and a net smelter returns royalty (NSR) of 2.5%. The definitive agreement and transfer of tenure is expected to be completed in 10 days. In addition, Noram will pay up to USD$ 90,000 to the Bureau of Land Management and the State of Nevada, with respect to fees on the claims.
Click here for the full press release.
Download this FREE Special Report, Investing in Lithium Stocks Post Rockwood Lithium
Sponsored by Dajin Resources Corp.
The post Noram Ventures to Acquire Mineral Claims in Clayton Valley appeared first on Investing News Network.