American Salars to Acquire 100% Interest in Petawaga Lithium-Niobium-Uranium Project in Quebec
American Salars Lithium Inc. has signed a Mineral Claims Option Agreement to acquire up to 100% interest in the Petawaga Lithium-Niobium-Uranium Project in Quebec. The project includes seven mineral claims covering 411 hectares and is located 45 km northwest of Mont-Laurier. The agreement stipulates cash payments totaling C$120,000 over three years for full ownership.
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American Salars Lithium Inc. entered into a Mineral Claims Option Agreement on February 24, 2026, to acquire a 100% interest in seven mineral claims of the Petawaga Lithium-Niobium-Uranium Project in Quebec, approximately 45 km northwest of Mont-Laurier. The claims cover 411 hectares, including the historical Petawawa River showing with a bulk sample returning 3.4% Nb2O5 and 0.65% U3O8.
The acquisition involves cash payments totaling C$120,000 over three years. Isabelle Robillard, a qualified person, reviewed the technical data disclosed.
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