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Australian lithium explorer secures ground in northwestern Ontario

Australian lithium explorer secures ground in northwestern Ontario
tbnewswatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tbnewswatch.com Daily Mail and Mail on Sunday newspapers.

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Ardiden (ASX:ADV) to sell 80pc of lithium portfolio for $8.7M

Ardiden (ASX:ADV) to sell 80pc of lithium portfolio for $8.7M
Source: Bulls N’ Bears
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Ardiden (ADV) has executed a binding tenement option and acquisition term sheet to sell 80 per cent of its lithium portfolio to Great Northern Lithium
Great Northern Lithium is a newly formed Australian company that is focussed on exploring and developing hard rock lithium deposits in North America
The acquisition will cost $8.7 million, and completion is subject to shareholder and regulatory approval
Broken down, this sum consists of a $200,000 fee for an exclusive due diligence period and a $1.5 million up-front cash payment within five business days of completion of the term sheet ....

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