NPM: New Peak to acquire 25-30% of Argentina lithium project

NEWPEAK METALS LIMITED

• NewPeak Metals Limited plans to acquire a 25% stake in Southern Cross Britannia Ltd, a mineral exploration company with Lithium, copper, and uranium prospects in Argentina.
• The company will transfer its subsidiary Excarb SA and pay US$1,500,000 for the stake, aiming to complete initial drilling programs in Hombre Muerto South lithium project.
• The acquisition is part of NewPeak's rejuvenation plan and expected to provide access to the growing lithium market, subject to successful exploration and development.

2023-06-15 09:01:00