Patriot Lithium Limited (ASX:PAT) agreed to acquire Borland Claims located in Ontario, Canada from Beyond Lithium Inc. (CNSX:BY) for CAD 2.7 million on January 10, 2024. The company will issue to beyond 1,100,000 fully paid ordinary shares of the company. Additionally, subject to closing occurring the company shall pay beyond a payment of CAD 2.5 million for an initial mineral resource estimate filed or announced by the company declaring any JORC-, N1 41-101- or SK-1300-compliant deposits or orebodies which is exclusively contained in any part of the borland claims exceeding twenty million (20,000,000) metric tonnes of contained Li2O with an average grade equal to 1.0% Li2 O or greater. The completion is subjected to customary due diligence investigations and the purchaser obtaining all necessary security holder approvals to issue the purchase price shares. The transaction is expected to close on or before 19 January 2024, extendable to 31 January 2024.

Patriot Lithium Limited (ASX:PAT) completed the acquisition of Borland Claims located in Ontario, Canada from Beyond Lithium Inc. (CNSX:BY) on January 23, 2024.