ION Energy shares growth potential of newly acquired Canadian lithium pegmatite project
Toronto
|
May 12, 2023 11:17 AM Eastern Daylight Time
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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