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Lithium Plus Minerals Ltd. ( (AU:LPM) ) has shared an announcement.
Lithium Plus Minerals Ltd. has announced that its 33.5% owned entity, Moonlight Resources Limited, has entered into a Share Sale Agreement to acquire Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited, which own the Clermont Gold Project. This acquisition provides Lithium Plus shareholders with value-accretive exposure to gold, while the company continues to focus on its lithium projects. As part of this transaction, Moonlight will issue shares to Diatreme Resources Ltd and offer a priority IPO to Lithium Plus shareholders, allowing them to purchase shares at a set price with additional options. The move is expected to enhance the company’s market positioning by diversifying its asset base and leveraging the potential of a proven gold district in Queensland.
More about Lithium Plus Minerals Ltd.
Lithium Plus Minerals Ltd. operates in the mining industry, focusing primarily on lithium exploration and development. The company is involved in advancing its high-quality lithium portfolio and the Lei Development Project, while also providing its shareholders with exposure to gold assets through its investment in Moonlight Resources Limited.
Average Trading Volume: 119,294
Technical Sentiment Signal: Buy
Current Market Cap: A$15.94M
Find detailed analytics on LPM stock on TipRanks’ Stock Analysis page.