Consolidated Lithium Metals Inc (JORFF)

[TradingCharts]

Drilling Commences on CLM’s Vallée Joint Venture
September 14, 2023

The Vallée JV is located immediately adjacent to, and along strike of Sayona Mining Inc.’s (“Sayona”) North America Lithium (“NAL”) operation, the largest lithium operation in North America (see Figure 1). The project is owned by CLM, with NAL having an option to earn up to a 51% interest in the Vallée JV (see the Company’s news releases dated November 14, 2022 and December 19, 2022). NAL is required to spend $4 million on exploration activities prior to November 14, 2023 to earn an initial 25% interest in the Vallée JV. NAL has a second option to spend an additional C$6 million by November 14, 2024 to earn a cumulative 50% interest.

https://www.globenewswire.com/news-release/2023/09/14/2743120/0/en/Drilling-Commences-on-CLM-s-Vall%C3%A9e-Joint-Venture.html