Aussie junior acquires US projects

By Michael Quinn / November 05, 2021 / www.mining-journal.com / Article Link

The Kibby Basin lithium project in Nevada is 50km north of ioneer's Rhyolite Ridge project and circa-60km north of Marquee's existing Clayton Valley lithium project.

Marquee said a key point was Kibby Basin being fully permitted for water extraction and brine and lithium processing.

The Lone Star copper-gold project in Washington State has a relatively modest historical resource.

Marquee can earn an 80% interest in both projects by paying a total initial cash consideration of C$350,000 and spending a combined $5 million over the next 15-24 months.

Vendor Belmont Resources is also to be issued with six million Marquee shares.

The A$3 million being raised via loans that convert into shares and options.

Marquee raised $1.4 million in August when it issued new shares priced at 5c each.

Shares in Marquee jumped by more than 60% today on the ASX to a high of 14c, the highest since July 2019.

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok