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Nova Lithium Corp. ( (TSE:NVPC) ) just unveiled an announcement.
Nova Pacific Metals has completed the acquisition of a 100% interest in the Lara VMS Project on Vancouver Island after making the final cash payment under its option agreement, leaving the asset subject only to a 2% net smelter returns royalty, half of which can be bought back. The deal follows an independent mineral resource estimate for the Coronation deposit and gives shareholders full exposure to the current near-surface resource while the company advances metallurgical studies and prepares further drilling at additional targets such as Lady A, Lady C and Anita.
The company says full ownership strengthens its ability to progress technical work and potentially expand the broader resource base across multiple mineralized zones at Lara. Nova Pacific also emphasized its commitment to early and respectful engagement with local First Nations, acknowledging the project sits on the Traditional, Ancestral and Unceded Territories of the Hul’qumi’num Treaty Group, which may be important for permitting and long-term project development.
More about Nova Lithium Corp.
Nova Pacific Metals Corp. is a Canadian mineral exploration company focused on volcanogenic massive sulphide (VMS) targets on Vancouver Island, British Columbia. The company’s key asset is the Lara VMS Project, where it is advancing the Coronation deposit and other high-priority zones with a view to growing its resource base in a prospective polymetallic district.
Average Trading Volume: 84,868
Technical Sentiment Signal: Sell
Current Market Cap: C$1.9M
See more data about NVPC stock on TipRanks’ Stock Analysis page.