Eureka Lithium Completes Acquisition of Stairway Mining, Secures 100% Interest in Cabin Lake and Tyee Projects
Eureka Lithium Corp. has finalized its acquisition of Stairway Mining Corp., obtaining a 100% interest in the Cabin Lake Polymetallic Project in British Columbia and the Tyee Titanium-Vanadium Project in Quebec. The acquisition involved 9,100,000 common shares and a potential CAD $1,000,000 milestone cash payment contingent on achieving specific project milestones. The Cabin Lake Project spans 2,363 hectares and is prospective for various minerals, while the Tyee Project covers 10,136 hectares in a significant titanium-bearing district.
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Eureka Lithium Corp. completed the acquisition of Stairway Mining Corp., securing a 100% interest in the Cabin Lake Polymetallic Project in British Columbia and the Tyee Titanium-Vanadium Project in Quebec. The acquisition involved issuing 9,100,000 common shares and a potential CAD $1,000,000 milestone payment, contingent on filing a technical report, disclosing a mineral resource estimate, and conducting a preliminary economic assessment within specified timelines.
The Cabin Lake Project consists of 2,363 hectares with potential for zinc, lead, copper, molybdenum, and silver. The Tyee Project spans 10,136 hectares and is located in a major titanium-bearing district.
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