ION Energy shares growth potential of newly acquired Canadian lithium pegmatite project
May 12, 2023 at 11:18 am EDT
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ION Energy CEO and director Ali Haji joins Natalie Stoberman from the Proactive studio to discuss the company's latest acquisition of the Bliss Lake Lithium Pegmatite Project in NWT, Canada.
Haji says the Bliss Lake Lithium Project encompasses 5,798 hectares and is located 13-15 km away from lithium properties held by Li-FT Power Ltd. and 20 km from Patriot Battery Metals Inc. He adds the prospect is within 10s of kilometers from other proven pegmatite fields which allows ION Energy to be a multi-jurisdictional, multi-asset company that has the ability to serve two major, established geographies.
The acquisition is an all-equity, milestone driven transaction, which ultimately allows the seller to reach a 5% ownership interest in ION Energy, as well as a 1% net smelter royalty (NSR) in the project.
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Lithium ION Energy Ltd., formerly ION Energy Limited, is a Canada-based company, which is engaged in exploring and developing lithium resources in strategic jurisdictions. The Companyâs flagship, approximately 81,000 plus hectare Baavhai Uul lithium brine project is a lithium brine exploration project. It also holds the 29,000 plus hectare Urgakh Naran highly prospective lithium brine license in Dorngovi Province in Mongolia. Urgakh Naran Lithium Brine Project is located 150 kilometers (km) WNW of the Companyâs flagship Baavhai Uul Lithium Project. The Company also holds two new claims by staking in Northwest Territories (NWT), Canada, identified as the Little Nahanni claims (Little Nahanni). The Little Nahanni claims approximately 900 hectares. The Company also holds Bliss Lake Lithium Pegmatite Project in NWT, Canada (Bliss Lake).