09
May
14:57
ALX Resources, Forrestania Resources partner on Quebec lithium project
Canada’s ALX Resources and Australia’s Forrestania Resources are partnering on the Hydra lithium project in the James Bay region of northern Quebec as a joint venture, Kallanish reports.
Forrestania Resources was granted an option to earn a 50% stake in the project, leading to a 50:50 joint venture operated by the British Columbia-based company. Under the agreement, Forrestania will pay CAD 400,000 ($298,434) in cash and issue CAD 600,000 in Forrestani…
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