https://www.miningweekly.com

Musk Metals buys Elon project in Quebec

25th March 2021

By: Creamer Media Reporter

     

Font size: - +

Exploration company Musk Metals has entered into an agreement to acquire the Elon lithium property, spanning 245 ha in the La Corne and Fiedmont townships of Quebec.

The project is strategically located about 600 m north-east of the Lithium Amérique du Nord, project (formerly Mine Québec Lithium), which produced more than 907 000 t of material, at 1.40% lithium oxide from 1955 to 1965.

"Fuelled by the recent shift to electric vehicles, demand for battery metals and materials has skyrocketed. Musk Metals has diversified its portfolio of highly prospective exploration projects to include the Elon lithium property as the company strives to maximise shareholder value by participating in this red-hot space,” says Musk Metals CEO Nader Vatanchi.

Musk will acquire the project by buying Tonto Investments for three-million shares.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION