Champion Electric Metals Inc. (CNSX:LTHM) acquired Griesbach Lithium Project on July 26, 2023. As part of the agreement, Champion Electric acquired 55 claims for 1,700,000 common shares of the Company. Half of the common share consideration included in the agreement incorporate a voluntary escrow of 18 months from the date of issuance. Additionally, the Vendors retain a 2% net smelter royalty. The Company has the option to repurchase 1% of the NSR from the Vendors for $1 million. Benjamin David Gross of Fasken Martineau DuMoulin LLP acted as legal advisor to Champion Electric Metals Inc. (CNSX:LTHM).

Champion Electric Metals Inc. (CNSX:LTHM) completed the acquisition of Griesbach Lithium Project on July 26, 2023.