Patriot Battery’s Corvette lithium project inches forward on permitting

The company has been focused on exploring for high-grade Carlin-style gold deposits located on this 108 sq. km district-scale property.

The deal hands Omnia key assets, including the Phoenix and the Torp Lake lithium projects, which expand its footprint to more than 625 km2.

The latest installment from JCHX bolsters Cordoba’s financial standing as it seeks to reorganize its debt.

Baseline capital expenditures are estimated at $749 million, including $44 million to be spent on additional exploration and permitting.

This new period of validity for the mining concession is now until 2049.

Through the newly formed Minera El Encierro, the companies will carry out exploration for five years in a property comprising 35 concessions.

The company completed 34,238 metres of drilling at the Yellowknife project last year.

Teck has a first option to earn a 55% interest over three years, and the two companies will form a joint venture thereafter.

Teck will have the option to acquire an 80% interest in La Coipita by funding cumulative exploration expenditures of $20 million over a five-year period.