Apex Resources (TSE:APX) has released an update.
Apex Resources Inc. has successfully completed its acquisition of 1434001 B.C. Ltd., gaining a 100% option over the Lithium Creek Property in Nevada, USA, and concurrently closed a $630,000 private placement. The agreement includes a series of escalating payments and exploration expenditures over six years, with additional milestones payments linked to the completion of various economic assessments. The property is also subject to a 3% Gross Overriding Royalty, with half available for purchase post-commercial production onset.
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