Thursday, May 26, 2016 4:36:39 PM
"Today's news release marks LIT completing phase 1 of the agr
There are 3 phases to it - this gives them 25% which they completed and now they are working at the site with the money provided to further to phase 2 whereby LIT can choose to earn up to an additional 24% which would be a big deal if they did so putting them at 49%. Not only providing money and expertise, but validity that there is something worth going after. Phase 3 is the final one in which they can get a last 16% bringing them up to 65%. Every phase brings us closer to the final goal and each brings in a new wave of money without diluting to help further the exploration process. Worth noting I spoke to Mike (CEO) today and he compared AIX to a couple other starting out sized lithium plays and said he thought AIX was lagging a bit, but he said we will be very active in coming month(s) and said that he doesn't expect that to continue and that it's Alix's turn now... Not sure what that means completely but hopefully it's good!
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