to Expand Lithium Projects into Canada Vancouver, Canada - TheNewswire – December 12th, 2021 – Arbor Metals Corp. (the “Company”) (TSXV:ABR)(FWB:432) announces that through its continuous evaluation process, the Company has identified certain, highly prospective, lithium bearing areas in Eastern Canada. The board of directors has elected to expand its portfolio of strategic lithium projects into Canada. The Company has engaged the services of a leading Canadian exploration company to assist in completing the technical review. This potential acquisition would expand the Company’s lithium focus as it builds a project pipeline of mineral projects in a sector poised to supply the needs of the world transition to a green economy. The Company is currently completing due diligence and final negotiations on a prospective project and anticipates being able to close the acquisition in the coming weeks.
The Company’s expanded focus into lithium is an integral part of its exploration strategy. Management is continuously evaluating opportunities around the world where there is the potential for a significant deposit that meets the Company’s criteria.
Readers are cautioned that the Company has not yet finalized the terms for the acquisition of the lithium project, and there can be no guarantee that a transaction will ultimately proceed. Completion of any transaction will be subject to customary closing conditions, which may include regulatory approval. The Company will provide further information regarding the project expansion once terms have been finalized.
About Arbor Metals Corp
Arbor Metal Corp. is a mining exploration company specializing in the development of high-value, geographic significant mineral projects around the world. As industry leaders, we are paving the way for advanced mineral exploration as we oversee world-class mining projects. We believe quality project, combined with proven strategies and a professional, along with a hard working team will deliver superior results. We hold two exceptional mineral projects.
The Rakounga Gold Project
The Rakounga Gold Project consists of an exploration permit covering a two-hundred-and-fifty square kilometer area located along the Goren Greenstone Belt in central Burkina Faso. The Company, through its wholly owned subsidiary Kruger Gold Corp. (“Kruger”), holds the right to acquire up to a one-hundred percent interest in and to the Project, subject only to pre-existing royalty obligations. Kruger has control over operations conducted on the Project and will look to expand on historical drilling and survey work conducted on the Project.
The Miller’s Crossing Lithium Project
The Miller’s Crossing Lithium Project, comprised of approximately 3800 acres of contiguous placer claims, is located in the Big Smoky Valley, Esmeralda County, Nevada. The Big Smoky Valley is located immediately north of the Clayton Valley, home to Albemarle’s Silver Peak Lithium Brine Mine (in continuous operation since 1967.)
www.arbormetalscorp.com.
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