The claims, which MetalsGrove will acquire for $60,000, are close to Huayou Cobalt's Arcadia lithium mine.

Kharmagtai now boasts 790 million tonnes of indicated material containing 2.1 million tonnes of copper and 5.6 million ounces of gold.

ATHA is holder of the largest cumulative exploration package in each of the Athabasca and Thelon basins.

The project, including two mines and spodumene concentrators in the province’s northwest, has an after-tax net present value of C$1.2 billion.

The company has secured control of over 25% of the mineral rights for the private lands within its flagship project in Elko County.

The project in Tanzania is believed to be one of the world's largest and highest grade undeveloped nickel sulphide deposits.

Teck made its first investment into Arras last November by acquiring a 9.9% stake.

The primary focus of exploration activities will be on the Western Foreland project in the DRC.