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Lithium Plus Minerals Ltd. ( (AU:LPM) ) has provided an announcement.
Lithium Plus Minerals Ltd announced that its 44.7% owned entity, Moonlight Resources Limited, is set to acquire the Clermont Gold Project from Diatreme Resources Ltd. This acquisition is expected to establish Moonlight as a focused gold and critical minerals explorer, with plans to list on the ASX. The transaction will provide Lithium Plus shareholders with exposure to gold exploration while allowing the company to continue focusing on its lithium projects. Diatreme will become a significant shareholder in Moonlight, enhancing strategic partnerships.
More about Lithium Plus Minerals Ltd.
Lithium Plus Minerals Ltd is a company operating in the mining industry, primarily focusing on lithium development projects. It also holds significant interests in rare earth and uranium opportunities across various regions in Australia.
Average Trading Volume: 124,128
Technical Sentiment Signal: Hold
See more insights into LPM stock on TipRanks’ Stock Analysis page.