American Lithium Acquires Vanadium Asset
Date: Jan 24, 2019
Nevada-focused development company American Lithium (TSXV:LI) has furthered its presence in the battery metals space through the acquisition of a vanadium asset.
The lithium explorer purchased a 100-percent stake in the Extinction Ridge vanadium project, also located in Nevada, from private company Alaska Nevada Mining.
The deal, which is still contingent on regulatory approval, will see American Lithium pay US$100,000, as well as issue 250,000 common shares.
