Jourdan Resources strikes lithium deal with Sayona, shares up CanadiansInvest stocks energy tech biotech industry
-OTCQB] subsidiary North American Lithium Inc. in relation to Jourdan’s Vallee lithium project, which is located north of Val d’Or, Quebec.
Under the agreement, NAL can earn a 51% stake in 28 claims located within the Vallee project, which includes pegmatite targets located close to and along strike from NAL’s orebody. NAL can earn a 50% interest by spending $10 million within two years. It can increase its stake to 51% by completing a feasibility study and arranging funding for the construction of a mine at Vallee.
Jourdan shares were active on the news, rising 5.3% or $0.005 to 10 cents on volume of 1.16 million. The shares are currently trading in a 52-week range of 10 cents and $0.035 The company said all 18 holes of its 2022 winter drilling campaign intersected the new spodumene-bearing pegmatite swarm on its Vallee property at a previously underexplored eastern extension, which had not been exposed by the North American Lithium mine to the west of Vallee.
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