MONTRÉAL, Dec. 20, 2022 /CNW Telbec/ - Genius Metals Inc. (TSXV:GENI.VN) ("Genius Metals" or the "Corporation") is pleased to announce that Clarity Metals Corp. (formerly Clarity Gold Corp.) has initiated exploration work by launching an IP/Resistivity survey on the Lithium381 property. Genius signed an option agreement with Clarity Metals Corp. (CSE: CMET, OTC: CLGCF, FSE: 27G) on December 6, 2022 which enables CMET to acquire a 50% interest in the Corporation's Lithium381 property, located in the James Bay-Eeyou Istchee region of the Province of Quebec. In order to acquire a 50% interest in the property, Clarity must spend $750,000 in exploration work before December 31, 2024 and issue 720,000 common shares of its capital to Genius Metals. The Property is contiguous to Allkem Limited's (TSX:AKE.TO) James Bay Lithium property which comprises the Allkem lithium deposit (40.8 Mt @1.40% Li2O as Indicated Resource) formerly known as the Cyr deposit (Figure 1).
Read more at newswire.caClarity Metals Initiates Exploration Work on Genius' Optioned Lithium381 Property with an IP/Resistivity Survey
Newswire.ca - Press Release
All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here