Collective Metals Inc. (CNSX:COMT) entered into definitve agreement to acquire Lithium Whitemud Project in Ontario from 1000587016 Ontario Ltd. and the shareholders of 587016 on July 11, 2023. Consideration would be paid as 4 million shares of Collective Metals and $0.04 million cash to 1000587016 Ontario Ltd. and the shareholders of 587016.