- Maverick Capital Corp. (CSE:CDN) signed an agreement to acquire the Northwind Lake Property, a lithium pegmatite project in Ontario
- The Northwind Lake Project consists of a series of mineral claims covering 70.4 square kilometres.
- The company can acquire the project by issuing 500,000 common shares and cash payments totalling $100,000
- Maverick Capital Corp. (CDN) opened trading at C$1.15 per share
Maverick Capital Corp. (CSE:CDN) signed an agreement to acquire the Northwind Lake Property, a lithium pegmatite project in Ontario.
The exploration project is in the Electric Avenue Lithium District in the Red Lake mining division, 10 kilometres north-northwest of the Frontier Lithium Inc. (TSXV:FL) PAK Lithium deposit. The PAK Lithium deposit contains some of North America’s highest-grade lithium-bearing pegmatites.
The Northwind Lake Project consists of a series of mineral claims covering 70.4 square kilometres.
The company can acquire the project by issuing 500,000 common shares and cash payments totalling $100,000.
Maverick CEO Adam Cegielski explained that with this acquisition, the company will increase its foothold in the lithium space, capitalizing on the enthusiasm for localized supply chains, one of the fundamental drivers for the lithium market.
“Ontario specifically, is injecting more and more funds as part of their mandate to make their province ‘the first jurisdiction on everybody’s mind’ according to the Minister of Energy, Northern Development and Mines Greg Rickford,” Cegielski said in a news release. We hope to be a part of this momentum. With our increasingly diverse but strategic portfolio of projects, we are uniquely positioned to adapt to lithium development and production’s innovative and progressive landscape while always staying aligned with our shareholders.”
Maverick Capital Corp., formerly Caelan Capital Inc., is in the exploration stage and its principal business activity is sourcing and exploration of mineral properties in North and South America.
Maverick Capital Stocks (CSE:CDN) opened trading at C$1.15 per share.
Join the discussion: Find out what everybody’s saying about this stock on the Maverick Capital Stock Forum, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.