trending Market Intelligence /marketintelligence/en/news-insights/trending/iQ8qA1_uyUPXil_-qh9X0w2 content esgSubNav
In This List

Mineral Commodities to acquire 90% stake in Western Australia lithium tenements

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Mineral Commodities to acquire 90% stake in Western Australia lithium tenements

Mineral Commodities Ltd. said Jan. 10 that, through its wholly owned subsidiary MRC Exploration Australia Pty. Ltd., it entered into a term sheet to earn up to a 90% interest in lithium-tantalum prospective tenement package in Western Australia.

The tenement package comprises M59/714, held by private owner Angelo Levissianos, as well as E59/2325 and E59/2326, which are currently both held by MRC Exploration Australia after being introduced by Levissianos.

Under the deal, the explorer may earn the interest by paying A$45,000 to Levissianos and sole funding exploration work, including an eight-hole drilling program, within a two-year period. Levissianos will retain a 10% free carried interest up to a decision to mine, or may elect to convert to a 2% net smelter royalty.