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Letter of Intent To Acquire the Pontax North Lithium Project in Quebec and Name Change to Arctic Fox Lithium Corp

Letter of Intent To Acquire the Pontax North Lithium Project in Quebec and Name Change to Arctic Fox Lithium Corp

收購魁北克龐泰得北鋰項目的意向書及北極福克斯鋰電股份有限公司名稱變更
Accesswire ·  2023/02/28 07:05

VANCOUVER, BC / ACCESSWIRE / February 27, 2023 / Arctic Fox Lithium Corp. (formerly Arctic Fox Ventures Inc.) (CSE:AFX)(FSE:7N4) (the "Company") is pleased to announce that on February 27, 2023 it entered into a Letter of Intent (the "LOI") with 1000383374 Ontario Inc. ("3374") to acquire 34 active mineral claims located in the James Bay region of Quebec (the "Acquisition"). The 34 mineral claims known as the Pontax North Lithium project consist of 1,803 hectares of land. Under the terms of the LOI the Company would be required to issue up to 6,000,000 common shares in the Company and make a cash payment of CAD$50,000 on execution of a definitive agreement with respect to the Acquisition. The Company and 3374 will work towards executing a mutually agreeable definitive agreement within fifteen days. The Acquisition is an arm's length transaction and there are no finder's fees payable in connection with it.

温哥華,卑詩省/ACCESSWIRE/2023年2月27日/北極福克斯鋰公司(前身為北極福克斯風險投資公司)(CSE:AFX)(FSE:7N4)(“公司)很高興地宣佈,它於2023年2月27日簽署了一份意向書(意向書“)與安大略省1000383374 Inc.(”3374“)收購位於魁北克詹姆斯灣地區的34個活躍的礦產主張(”採辦被稱為PonTax North Lithium項目的34個礦物主張包括1,803公頃土地。根據意向書的條款,公司將被要求在執行與收購有關的最終協議時發行最多6,000,000股公司普通股,並支付現金50,000加元。公司和3374將努力在15天內簽署雙方同意的最終協議。收購是一項公平交易,不存在與之相關的應付發現者費用。

Harry Chew, Chief Executive Officer and President of the Company commented: "We are excited to add the Pontax North Lithium project to our portfolio of projects in the James Bay region of Quebec. Together with our Kana Lake Lithium project, upon completion of the Acquisition, the Company would have over 3,900 hectares of land and 75 mineral claims in this region. Our planned focus after the Acquisition is to explore and develop these claim blocks in hopes of proving a lithium resource."

公司首席執行官兼總裁表示:“我們很高興能將龐塔克斯北鋰項目加入我們在魁北克詹姆斯灣地區的項目組合中。連同我們的卡納湖鋰項目,收購完成後,公司將在該地區擁有超過3,900公頃的土地和75個礦藏。收購後,我們計劃的重點是勘探和開發這些索賠區塊,希望證明鋰資源。”

The Acquisition will not constitute a change of business.

此次收購不會構成業務變更。

The Company is also pleased to announce that it has received approval from the Registrar of Companies for the Province of British Columbia to change its name to Arctic Fox Lithium Corp. The Company feels that the new name better aligns with its focus on lithium projects in North America. At a later date, the Company will provide its existing beneficial shareholders with a letter of transmittal instructing them on how they may exchange share certificates under the previous name of the Company with share certificates under the new name. The Company will also issue a subsequent press release to advise as to when the Company will commence trading under the new name. It is not anticipated that the Company's current trading symbol will change in connection with the name change.

本公司還高興地宣佈,已獲得不列顛哥倫比亞省公司註冊處的批准,將其更名為北極福克斯鋰公司。公司認為,新名稱更符合其對北美鋰項目的關注。於稍後日期,本公司將向其現有實益股東發出一份通函,指示彼等如何將本公司舊名稱的股票與新名稱的股票互換。該公司還將在隨後發佈新聞稿,告知公司將於何時開始以新名稱進行交易。預計該公司目前的交易代碼不會因更名而改變。

About Pontax North Lithium
The 1,803-hectare Pontax North Lithium Project is located 12 km south of Galaxy Resources Ltd. (ASX:GXY) now Allkem Ltd. (ASX/TSX:ALLKEM) ("Allkem") James Bay Lithium Project and 12 km north of Stria Lithium Inc.'s (CSE:SRA) Pontax Lithium Project, located in northern Québec, approximately 130 km east of James Bay and the Cree Nation's Eastmain community.

關於龐塔克斯北鋰公司
佔地1,803公頃的龐塔克斯北鋰項目位於銀河資源有限公司(澳大利亞證券交易所代碼:GXY)(澳大利亞證券交易所股票代碼:ALLKEM)(現為Allkem有限公司)詹姆斯灣鋰項目以南12公里處,位於Stria Lithium Inc.(CSE:SRA)龐塔克斯鋰項目以北12公里處,位於QuéBEC北部,詹姆斯灣和Cree Nation東區以東約130公里處。

The claims within the northern portion of the Property contains a lithium prospective zone in a similar geological environment to Allkem's project. According to the Quebec Ministère de l'Énergie et des Ressources Naturelles (MERN) this zone is characterized by the abundance of S-type pegmatitic granite intrusions, a lithology known for its Be, Li, Nb, and Ta potential. Beryl (a beryllium silicate mineral) is reported in several outcrops within this zone. The Property is known to contain a 10 km long pegmatite trend as mapped by MERN. This trend appears to be underexplored, despite its recognized lithium potential. Swarms of lithium-bearing granitic dykes are present 12 km north of the Property at Allkem's Cyr showing and at Stria Lithium's Pontax showing 12 km to the south.

該地產北部的主張包含一個鋰礦勘探區,其地質環境與Allkem的項目相似。據魁北克省̀Re de l‘éNergie et des Resources Naturelles(MERN)稱,該地區以S型偉晶花崗巖侵入體為特徵,該巖性以其Be、Li、Nb和Ta潛力而聞名。綠柱石(一種鈹硅酸鹽礦物)在該帶內的幾個露頭中被報道。據悉,該地產包含一條10公里長的偉晶巖趨勢,即由MERN繪製。儘管鋰的潛力得到了公認,但這一趨勢似乎沒有得到充分的探索。在Allkem的Cyr顯示和Stria Lithium的PonTax顯示的地產以北12公里處,存在着大量含鋰的花崗巖牆。

Allkem is proposing to develop a lithium mine at their James Bay Lithium Project, located adjacent to the Billy Diamond Highway which provides access to key infrastructure in the region. The 2021 Feasibility Study ("FS") details a 330 ktpa spodumene operation utilizing conventional open pit mining. Allkem's spodumene expertise from the success of its Mt. Cattlin operations in Western Australia has been applied to the design and development of the James Bay Project. The FS suggests that James Bay Project will be the most competitive operation in the region with the lowest capital and operating costs. Shallow, high-grade mineralization with favourable infrastructure also supports the low-cost operation. Allkem has published a mineral resource estimate of 40.3 Mt @1.40% Li2O (FS summary here) and mineralization is still open.

Allkem正提議在他們的詹姆斯灣鋰項目開發一個鋰礦,該項目毗鄰比利鑽石駭維金屬加工,為該地區的關鍵基礎設施提供通道。2021年可行性研究(“FS”)詳細説明瞭利用常規露天採礦進行的330 ktpa鋰輝石開採。Allkem的鋰輝石專業知識來自於其Mt.卡特林在西澳大利亞的業務已被應用於詹姆斯灣項目的設計和開發。財政司司長表示,詹姆士灣項目將是該地區最具競爭力的運營項目,資本和運營成本最低。具有有利基礎設施的淺層高品位礦化也支持低成本運營。Allkem已經公佈了40.3 Mt@1.40%Li2O的礦產資源估計(FS摘要在此處),礦化仍未完成。

Stria launched its first full drilling program at its Pontax project in 2017, completing seven holes for a total of 911.4 m. All seven holes intersected spodumene - bearing pegmatite dykes grading from 0.65% Li2O to 2.49% Li2O over a minimum of 1.0 m (Stria Lithium web site). The best intercept was 21.39m grading 1.16% Li2O in drill hole 975-17-0142.

Stria於2017年在其PonTax項目啟動了第一個完整的鑽井計劃,完成了7個孔,總長度為911.4米。所有7個孔都與含鋰輝石的偉晶巖脈相交,品位從0.65%Li2O到2.49%Li2O,最小為1.0米(Stria Lithium網站)。在975-17-0142孔中,最佳截距為21.39m,品位為1.16%Li2O。

References to adjacent properties:

對相鄰屬性的引用:

12 km North: Galaxy Lithium James Bay2 Lithium:

向北12公里:銀河鋰詹姆斯2號鋰:

12 km South: Stria Lithium Inc. (Pontax Lithium Project):

南12公里:Stria Lithium Inc.(龐塔克斯鋰項目):

For further information, please contact:
Harry Chew, President, CEO
Phone: (604) 689-2646

如需更多信息,請聯繫:
周永明,總裁,首席執行官
電話:(604)689-2646

On behalf of the Board of Directors,
"Harry Chew"
Harry Chew
President & CEO
Arctic Fox Lithium Corp.

我謹代表董事會:
《哈利·周》
哈里·周
總裁兼首席執行官
北極狐鋰公司

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

加拿大證券交易所及其監管服務提供商(該術語在加拿大證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

* This news release contains information about adjacent properties on which Arctic Fox has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

*本新聞稿包含有關北極福克斯無權勘探或開採的鄰近物業的信息。提醒讀者,鄰近物業上的礦藏並不代表本公司物業上的礦藏。

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Director of Arctic Fox and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

本新聞稿中包含的技術信息已由北極福克斯公司的Gerald G.Carlson博士、P.Eng、董事和National Instrument 43-101礦產項目披露標準定義的合格人員審閲和批准。

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address any activities and events or developments that the Company expects to occur, are forward-looking statements. Although Arctic Fox believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: the acquisition contemplated in the LO; future share issuances and payment obligations; the entering into of a definitive agreement relating to the Acquisition; future approvals required in respect of the Acquisition; and matters relating to the name change of the Company. Factors that could cause actual results to differ materially from those in forward-looking statements include inability to enter into a definitive agreement with respect to the Acquisition on the terms as currently anticipated or at all; inability to secure any or all necessary approvals in order for the Acquisition to occur; inability to find potential investors willing to invest in future private placements; market prices; disruptions relating to the COVID-19 pandemic; continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions: regarding general business and economic conditions; that a definitive agreement will be entered into with respect to the Acquisition; and that all necessary approvals (regulatory and otherwise) required in respect of the Acquisition and in connection with the name change of the Company. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

前瞻性信息:本新聞稿包括可能被視為“前瞻性陳述”的某些陳述。本新聞稿中除有關歷史事實的陳述外,涉及公司預期發生的任何活動、事件或發展的所有陳述均為前瞻性陳述。儘管北極福克斯認為這些前瞻性陳述中表達的預期是基於合理的假設,但此類陳述並不能保證未來的表現,實際結果或發展可能與前瞻性陳述大不相同。本新聞稿中的前瞻性陳述包括但不限於:上市公司計劃進行的收購;未來的股票發行和支付義務;與收購有關的最終協議的訂立;收購所需的未來批准;以及與公司名稱變更有關的事項。可能導致實際結果與前瞻性表述中的結果大不相同的因素包括:無法按照當前預期的條款或根本不按預期的條款就收購達成最終協議;無法獲得進行收購所需的任何或所有必要批准;找不到願意投資於未來私募的潛在投資者;市場價格;與新冠肺炎疫情有關的幹擾;資金和融資的持續可獲得性以及總體經濟、市場或商業狀況。這些聲明基於一些假設,其中包括, 假設:關於一般業務和經濟條件;將就收購達成最終協議;以及收購和公司更名所需的所有必要批准(監管和其他)。請投資者注意,任何此類陳述都不是對未來業績的保證,實際結果或發展可能與前瞻性陳述中預測的大不相同。除非適用法律要求,否則公司不承擔任何因新信息、未來事件或其他原因而更新或修改其前瞻性陳述的義務。

SOURCE: Arctic Fox Ventures Inc.

資料來源:北極狐狸風險投資公司。


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