2023-03-20 17:31:17 ET
FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Foremost Lithium to Acquire Lac Simard South Property in Quebec Hosting 24 Identified Pegmatites”
Foremost Lithium Resource & Technology Ltd. (OTCQB: FRRSF) (CSE: FAT) is pleased to announce it has entered into an arm’s length property acquisition agreement (the “Property Agreement”) to acquire 100% interest in the Lac Simard South property (the “Property”) in the Province of Quebec, Canada, consisting of 120 mining claims covering approximately 20,349 acres/8,235 hectares (see “Investment Summary” section for payment details). The Property has 24 pegmatites that were identified from satellite imagery. These pegmatites are located approximately 90km southwest from The NAL Lithium Processing Plant (A Piedmont/Sayona Joint Venture), which just announced it produced its first batch of spodumene concentrate (SC6)1, and 80km southwest of Val-D’or, a logistics hub for mining services. This acquisition increases Foremost’s total lithium land holding to an aggregate of 63,380 acres/25,649 hectares.
Foremost Lithium is a hard-rock exploration company with over 43,300 acres located in Snow Lake, Manitoba. It’s 5 Lithium Lane Projects, Zoro, Jean Lake, Grass River, Peg North and Jol, are strategically located to capitalize on the world’s growing EV appetite and is perfectly positioned to become a premier supplier of North America’s lithium feedstock. As the world transitions towards decarbonization, the Company’s objective is the extraction of lithium oxide (Li?O), and to subsequently play a role in the production of high-quality lithium hydroxide (LiOH), to help power lithium-based batteries, critical in developing a clean-energy economy. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.
For more information, please visit: Foremost Lithium Resource & Technology Ltd.
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“Buzz on the Street” Show: Foremost Lithium Resource (OTCQB: FRRSF) (CSE: FAT) Acquisition