Welcome to our dedicated page for Lithium One Metals news (Ticker: LOMEF), a resource for investors and traders seeking the latest updates and insights on Lithium One Metals stock.
Lithium One Metals Inc. (LOMEF) is a Canadian mineral exploration company focused on acquiring and developing lithium properties in Ontario and Qu\"ebec. This page serves as the definitive source for official company announcements, operational updates, and strategic developments.
Investors and industry observers will find timely updates including press releases, regulatory filings, and progress reports on exploration programs. Key content categories include project acquisitions, partnership announcements, drilling results, and financial disclosures.
All materials are sourced directly from company communications to ensure accuracy. The curated collection enables efficient tracking of LOMEF's progress in lithium resource identification and development. Bookmark this page for streamlined access to critical updates affecting the company's market position and exploration initiatives.
Lithium One announced a new assignment agreement with Xplore Resources, Bounty Gold, and Last Resort Resources regarding an option agreement originally established in December 2022. This agreement involves transferring Lithium One's rights to acquire certain mineral claims in Ontario to Xplore. In return, Xplore must issue 790,000 shares and pay a total of $67,500 to the Optionors, with an initial $29,000 already paid. Xplore will also assume a royalty obligation of 2% of net smelter returns, which can be reduced to 1% upon a $1,000,000 payment. Lithium One will receive a $200,000 assignment fee from Xplore, subject to TSX Venture Exchange approval.
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