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December 17, 2021updated 07 Jan 2022 7:00am

Manning to acquire Canadian lithium project from SCD Investment

Manning will pay $25,000 in cash and grant a 2% net smelter return royalty on the property to SCD.

Canada-focused mineral exploration firm Manning Ventures has signed a deal to acquire a 100% interest in the Bounty Lithium Project in Quebec from SCD Investment.

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Under the agreement, Manning Ventures will pay $25,000 in cash and grant a 2% net smelter return royalty on the property to SCD.

The Bounty property comprises 89 mineral claims and is said to host several known pegmatite outcrops.

It covers a total area of 4,659ha in the James Bay Region of west-central, Quebec.

Manning Ventures said that the property was staked as a result of its ‘prospective nature for hosting hard-rock, pegmatite-hosted lithium mineralisation’.

In a press statement, the firm said: “It was selected as a result of a regional targeting method, which included the review of pegmatite occurrences across Quebec with the appropriate indicator-mineralogy and indicator-chemistry for hosting spodumene-bearing pegmatites, within favourable host-rocks.”

Manning has identified 29 target areas based on the targeting criteria.

Manning Ventures CEO Alex Klenman said: “This acquisition adds to the profile of Manning Ventures into the energy storage sector.

“Quebec remains a top jurisdiction to explore for lithium-bearing pegmatites, and with the recent acquisition, in an area that has a streamlined permitting process, and nearby infrastructure.  We look forward to developing it in the coming months.”

Manning Ventures is planning to undertake an aggressive exploration programme at the property. The company is also looking at opportunities in the battery mineral sector.

Earlier this year, lithium developer Sayona Mining agreed to purchase a 60% holding in the Canada-based Moblan lithium project from Lithium Royalty for $86.5m.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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