Hertz Energy Inc C.HZ

Alternate Symbol(s): HZLIF | C.HZ.WT

Hertz Energy Inc. is a Canada-based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company’s lithium exploration projects include the AC/DC Lithium Project, and Snake Lithium Project in Jame Bay, Quebec. The AC/DC Project is 26,500 hectares located in the James Bay Lithium District in Quebec, Canada, just 26 kilometers (km) southeast of the Corvette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. Its Snake Lithium project is also district scale and located among highly prospective projects held by other exploration companies. Its Snake Lithium project consists of 424 contiguous claims totaling approximately 21,700 hectares adjoining Brunswick Explorations’ Arwen lithium discovery in the western region of James Bay. Its Antimony portfolio includes the Harriman Antimony Project and the Lake George Antimony Project.

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Hertz Energy Inc

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Post by Betteryear2on May 10, 2023 6:07pm

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Post# 35441891

Provides Update on Patent Pending Lithium Extraction C.HZ

Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Hertz Lithium Inc. (CSE: HZ) (FSE: QE2) (the "Company") is pleased to announce that it has exercised its option (the "Option") to obtain a worldwide, remuneration-bearing, license to utilize the patent rights related to the Penn State Research Foundation's (the "PSRF") Novel Process for Extraction of Lithium from Alpha-Spodumene (the "Technology"). The Company acquired the Option pursuant to an option agreement with the PSRF dated August 30, 2022, as amended on November 15, 2022 (the "Option Agreement"). Now that the Company has exercised the Option, the Company and the PSRF have entered negotiations related to a licence agreement. It is anticipated the license agreement will require that the Company pay the PSRF mutually agreed to royalty and milestone payments based on revenue, if any, generated by the Company from the Technology. Further, the Company and the PSRF are in discussions to further develop and scale-up the technology.

Hertz Lithium Inc. Provides Update on Patent Pending Lithium Extraction Technology with Penn State University and Exploration on Lucky Mica Project (newsfilecorp.com)

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