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12 Jan
12:44

LITHIUM: First Energy Metals acquires option on Falcon Lake property

First Energy Metals says it has entered into an option agreement to acquire a lithium exploration property in northwest Ontario, Kallanish reports. First Energy can acquire a 100% interest in the Falcon Lake lithium property in the Thunder Bay Mining Division by making cash payments of CAD 75,000 ($59,759), issuing 600,000 common shares and carrying out exploration expenditures of CAD 250,000 over three years under the agreement with Hemlo Exploration. The Falcon…
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