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03 Nov

Patriot Lithium, Midex sign agreement on lithium rights

Patriot Lithium and Midex have entered into a binding term sheet agreement, giving Patriot the right to earn 100% of the lithium rights on Midex’s Berens Project. The project is located 200 kilometres north of Red Lake, Ontario, and spans 25,430 hectares. In exchange for the rights, Patriot will provide $4.6 million in cash payments and shares over a three-year period. Once this has been completed, Midex will retain a 2% net smelter return (NSR) royalty on…
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