Solstice Options Ontario Lithium Properties to Green
VANCOUVER, British Columbia, Jan. 24, 2022 (Globe NEWSWIRE) — Solstice Gold Corp. (TSXV: SGC) (“Solstice”, “we”, “our” or the “Company”) is delighted to announce that it has entered into an possibility arrangement (the ”Alternative”) with Environmentally friendly Know-how Metals Confined (ASX: GT1) (“Environmentally friendly Technology”) that delivers Environmentally friendly Technological innovation with the likely to gain a 100% interest in a suite of Lithium exploration houses situated in Ontario.
The package is comprised of the Pennock (8 claims), Root Bay (3 promises), Accumulating Lake (15 statements) and Exceptional Lake (5 promises) projects, all non-main holdings situated in NW Ontario (collectively, the “House”).
Mike Timmins, Solstice’s Main Government Officer mentioned, “This agreement provides Solstice shareholders exposure to the exciting Lithium market and is a different example of the price we will produce from our recently acquired royalty and house portfolio. We now have over eighty houses out beneath selection or readily available for sale and our system of producing an beautiful portfolio of distinct and long term royalties is properly underway. Foreseeable future new agreements will also produce significant hard cash inflows, benefit to our shareholders with recently recognized royalties and allow us to emphasis on our core district-scale exploration projects in Red Lake, Atikokan and Nunavut.”
Underneath the Solution, Environmentally friendly Technology, an Australian Securities Trade (“ASX”) shown mineral exploration organization, is necessary to make cash payments totaling C$180,000 to Solstice more than a three-12 months period of time. Following the initially anniversary of the Possibility, Eco-friendly Technology may possibly dispose 1 of the statements deals in the Assets and cut down potential hard cash payments by 20%. Upon physical exercise of the Possibility by Eco-friendly Technologies to completely obtain the House, Solstice will be granted a 1.5% web smelter return royalty. Environmentally friendly Technological know-how has the appropriate to repurchase .5% of the royalty at any time following the exercising of the Option and prior to the graduation of business output at the House for C$800,000.
Solstice controls an intensive portfolio of gold, copper and lithium/REE projects in Ontario which are available for 100% sale or possibility. See our company resources offered at www.solsticegold.com for additional details.
About Inexperienced Technology Metals
Environmentally friendly Technology Metals is a North American focussed lithium exploration and growth organization. The Company’s Ontario Lithium Jobs comprise a few substantial-quality, difficult rock spodumene belongings (Seymour, Root and Wisa) covering 95km2 of highly future tenure north-west of Thunder Bay in Ontario, Canada. All websites are proximate to outstanding present infrastructure (together with hydro electrical power era and transmission facilities), easily available by highway, and with close by rail offering transportation optionality. Seymour has an current Mineral Useful resource estimate of 4.8 Mt @ 1.25% Li2O (comprised of 2.1 Mt at 1.29% Li2O Indicated and 2.7 Mt at 1.24% Li2O Inferred). Accelerated, targeted exploration throughout all three tasks delivers fantastic prospective to develop resources speedily and considerably.
About Solstice Gold Corp.
Solstice is a gold-concentrated exploration organization with excellent, district-scale assignments in set up mining locations of Canada. Our 174 km2 Pink Lake land place is found on the northern extensions of the prolific Pink Lake Gold Camp in Ontario. RLX is somewhere around 45km from the Purple Lake Mine Sophisticated owned by Evolution Mining. The Business is funded for period one drilling in Crimson Lake. Our newly shaped 225km2 Atikokan Gold Venture is roughly 23km from the Hammond Reef Gold Undertaking owned by Agnico Eagle Mines Constrained and is entirely funded for a strong subject application in 2022. Our district scale Qaiqtuq Gold Undertaking handles 886 km2 with sure other rights masking an adjacent 683 km2, hosts a 10 km2 gold boulder industry and is thoroughly permitted with many drill-prepared targets. Qaiqtuq is located in Nunavut, Canada, only 26 km from Rankin Inlet and approximately 7 km from the Meliadine gold deposits owned by Agnico Eagle Mines Minimal. In October 2021, the Enterprise obtained a royalty and residence portfolio of in excess of 80 assets situated in Ontario and Quebec.
Solstice is committed to dependable exploration and enhancement in the communities in which we perform.
Neither TSX Undertaking Trade nor its Regulation Solutions Service provider (as that phrase is outlined in the insurance policies of the TSX Venture Exchange) accepts obligation for the adequacy or accuracy of this launch.
On Behalf of Solstice Gold Corp.
Mike Timmins, Chief Executive Officer
For further more details on Solstice Gold Corp., you should check out our website at www.solsticegold.com or call:
Mobile phone: (604) 283-7234
Ahead-Hunting Statements and Additional Cautionary Language
This information release includes particular forward-seeking statements (“FLS”) which includes, but not constrained to the Firm harvesting worth from its not too long ago acquired royalty and assets portfolio, rising hard cash inflows and developing new royalties, payments by Eco-friendly technological innovation less than the Selection Arrangement, the potential exercising of the selection under the Possibility Arrangement by Green Know-how, the granting of a 1.5% web smelter return royalty and Eco-friendly Technology’s correct of repurchase after the physical exercise of the alternative. FLS can generally be recognized by ahead-searching words and phrases this kind of as “approximate or (~)”, “emerging”, “goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may” and “will” or very similar phrases suggesting potential results or other expectations, beliefs, designs, objectives, assumptions, intentions or statements about potential occasions or effectiveness. The Business disclaims any intention or obligation to update or revise any forward-seeking statements, no matter if as a consequence of new data, foreseeable future occasions or if not, save and except as may perhaps be expected by relevant securities legislation.
Given that forward-searching details tackle future situations and disorders, by their very mother nature include inherent challenges and uncertainties. Genuine results could vary materially from these at the moment predicted because of to a variety of variables and threats. These include things like, but are not restricted to, that there is no ensure that continued exploration at Solstice exploration jobs, all of which are at an early phase of exploration, will lead to the discovery of an financial gold deposit, there may possibly not be industry for the Company’s non-main attributes in its property portfolio or not a market place on economic terms satisfactory to the Company, Inexperienced Know-how may not exercising the choice below the Option Agreement, business generation at the Assets may perhaps delayed or may by no means occur, the long run impacts of the COVID 19 pandemic and government response to this kind of pandemic, the potential of the Enterprise to continue on exploration at its initiatives during the pandemic and the threat of long term absence of entry to the projects as a consequence thereof, delays in obtaining or failures to acquire required governmental, environmental or other task approvals, inability to find resource rocks, inflation, improvements in exchange rates, fluctuations in commodity price ranges, delays in the development of jobs, regulatory approvals and other factors. FLS are subject matter to threats, uncertainties and other things that could trigger actual effects to differ materially from expected final results. The Corporation cautions that the foregoing checklist of aspects that may have an impact on long run effects is not exhaustive. When relying on our forward-on the lookout statements to make selections with regard to the Company, buyers and other folks must carefully contemplate the foregoing aspects and other uncertainties and prospective functions.
All forward-wanting statements are based on the Company’s present-day beliefs as very well as a variety of assumptions built by Corporation management and information and facts currently accessible to them. There can be no assurance that these kinds of statements will demonstrate to be correct, and precise effects and foreseeable future events could differ materially from all those predicted in these types of statements. Ahead on the lookout statements reflect the beliefs, thoughts and projections on the day the statements are manufactured and are based upon a amount of assumptions and estimates that, whilst considered sensible, are inherently matter to major business, financial, competitive, political and social uncertainties and contingencies.