trending Market Intelligence /marketintelligence/en/news-insights/trending/wfek2Vf69rEilT7mogD9Wg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Alix acquires Jackpot lithium property in Ontario

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

Alix acquires Jackpot lithium property in Ontario

Alix ResourcesCorp. said April 13 that it is acquiring from arms'-length vendors theJackpot lithiumproperty in Ontario in exchange for the issuance of 2.4 million shares and by spendingC$350,000 on the property over a two-year period.

Alix will also grant the vendors a 1.5% net smelter return royaltyon the property, of which 1% may be repurchased for C$1 million.

A 1956 estimate by the Ontario Lithium Co. Ltd. pegged historicalresources at Jackpot, on just the Dyke No. 2 pegmatite zone, at 2 million tonnesat 1.09% lithium oxide.

"Alix now has lithium projects in Mexico and Canada andwill continue to seek and, if warranted, acquire quality lithium assets for itsgrowing portfolio," said President and CEO Michael England.

Alix acquiredin January the Gran 2 concession in Mexico's Sonora state. A month later, the companyinked an option for upto a 65% interest in the Electra lithium project, also in Mexico.