Linear Minerals Corp Signs Term Sheet for the Sale of Augustus and James Bay Claims
Linear Minerals Corp. signed a term sheet to sell its Augustus Lithium Project and additional James Bay claims to Consolidated Lithium Metals Inc. (CLM). The total consideration is approximately C$2.75 million, comprising C$687,500 in cash and C$2,062,500 in CLM common shares.
Key figures
- Deal Value Usd
- C$2.75 million
- Break fee
- C$1,687,500
- Area sq km
- 215
- Claims count
- 449
- Cash consideration
- C$687,500
- Exclusivity end date
- October 1, 2026
- Share consideration value
- C$2,062,500
AI analysis
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