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Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

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Neo Lithium Corp > Globe+mail article

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Post by Nate05 on Oct 13, 2021 12:04am

Globe+mail article

Globe and mail article talking about the likelihood of a full investigation into the take over of Nlc. Couldn't read all of it before it cut out, looks to be one 'expert' opinion.
https://www.theglobeandmail.com/business/article-chinas-zijin-mining-acquisition-of-neo-lithium-will-likely-trigger/

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Comment by tiger2201 on Oct 13, 2021 8:11am

Just read it on my phone, tried twice, it didn't close the 2nd time. Basically it says the deal may triger the Canadian Government full review of the deal, and NLC declined for G&M interview. tiger

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Comment by neosceptic on Oct 13, 2021 10:23am

There won't be any problems with selling. The two reasons indicated in article: scrutiny over potential Intellectual Rights. There are none at NLC. Second: potential problems with "strategic location" in Canada (example given). Project is in Argentina. This simple formality and extra 20K loss to bureacracy.

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