Evolving Gold (EVG) has signed a purchase and sale agreement to acquire the Lithium Lakes Property in Quebec, Canada.
The property hosts 105 mineral claims in four blocks, covering an area of approximately 5,596.5ha.
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Under the agreement, EVG will be required to issue 300,000 shares, pay C$0.04m ($0.03m), and offer a 1% net smelter returns royalty (NSR) to the unnamed party. EVG has the option to repurchase one half of the NSR in exchange for C$500,000 ($300,000).
Garibaldi Resources has announced that it has bought an option to wholly acquire the 100% undivided interest in the historic 766ha E&L nickel-copper-gold deposit and its surrounding claims in Golden Triangle, British Columbia, Canada.
Under the deal agreement, Garibaldi Resources will pay C$100,000 in cash, issue 1.1 million shares, pay the exploration expenditure on the property totalling C$375,000 by the fourth year of the option, and offer a certain NSR to the vendor.
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Pilot Gold has completed the acquisition of 100% interest in the Mineral Gulch Property located in Cassia County, Idaho, US, from Western Pacific Resources Corporation.
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By GlobalDataIn exchange for the property, Pilot Gold paid the Western Pacific Resources Corporation $800,000 in cash, issued 300,000 common shares priced at C$0.70 ($0.54) each, and granted a further 0.5% NSR.
Westminster Resources has signed a letter of intent (LoI) with a vendor to acquire a 100% interest in four mineral claims east of Yellowknife in Canada’s North West Territories.
Under the LoI, Westminster will pay C$15,000 ($11,648.5) in cash and conclude a definitive agreement within 20 business days, then paying al further C$10,000 ($7,765.66) and issue 2.5 million common shares priced at C$0.13 ($0.10) each.
