Rio Tinto, Azimut sign two ‘option to joint venture agreements’

Victory Battery Metals shares that Rio Tinto Exploration Canada Inc. has just signed “two Option to Joint Venture Agreements” with Azimut Exploration for Azimut’s Kaanaayaa and Corvet lithium properties, situated directly to the east and south of Victory’s Lac Block and Riviere Block, for up to C$115.7M. Victory CEO and Director, Mr. Mark Ireton commented: “The Rio Tinto Exploration / Azimut Exploration options to joint venture represent a significant advance in the direct area of Victory’s Stingray claims. Our exploration team is finalizing a comprehensive phase one work program for Stingray, the details for which we will be able to announce in short order. We are highly encouraged by Patriot Battery Metals announcement of the largest Lithium Pegmatite Resource in the Americas on 30 July 2023 for its Corvette Property, directly to the north of Victory’s Stingray array of properties – and pleased that Canada, in particular Quebec, is being recognized globally as a major player in the EV revolution, specifically in this prolific area in which we have substantial and well-placed ground.”