ACME Lithium amends option agreement with Eagle Battery Metals for the Fish Lake Valley Nevada Lithium Project, allowing EBM to acquire 100% interest with cash, shares, and exploration.
ACME Lithium amends option agreement with Eagle Battery Metals (EBM) for the Fish Lake Valley Nevada Lithium Project. Under the amendment, EBM can acquire 100% interest in mineral claims by paying $1.5M in cash, issuing $3.3M in shares, and spending $500K on exploration in 12 months. If EBM starts production, ACME receives a 1% net smelter return royalty, and EBM gets more time for payments & exploration.
June 14, 2024
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