Horizon Minerals Corp. (OTCPK:HZNM) entered into an agreement to acquire portfolio of several lithium concessions in Great Basin from Gold Exploration Management Inc. for $18 million on October 4, 2016. Under the terms of the transaction, Horizon will issue GEM 30 million restricted shares of the Horizon’s common stock and a 2% carried gross production royalty on any mineral production. Also, Horizon will appoint David A. Bending to Horizon’s Board of Directors. Horizon shall appoint one person of Gold Exploration Management’s choosing to Horizon’s Board of Directors within 48 hours of the effective date. The transaction is expected to close by November 30, 2016. Horizon Minerals Corp. (OTCPK:HZNM) completed the acquisition of portfolio of several lithium concessions in Great Basin from Gold Exploration Management Inc. on December 20, 2016.