Ann: Acquisition of Ceiling Lithium Project, James Bay, Quebec, page-37

from Todays $tockhead !?!

RUBIX RESOURCES ASX:RB6)

The explorer will acquire the Ceiling lithium project in the James Bay region of Quebec, Canada, from celeb investor Tolga Kumova and serial vendor DG Resource Management (DGRM).
Ceiling covers a 25km strike-length of the spodumene-bearing Wemindji greenstone belt.
DGRM, which will be employed by RB6 to design/execute field and drilling campaigns, has now sold ground in James Bay to a bunch of ASX-listed stocks, including Patriot Battery Metals (ASXMT), Recharge Metals (ASX:REC), Intra Energy (ASX:IEC), and Monger Gold (ASX:MMG).
“We are very excited to begin exploration of the Ceiling project, which has had minimal historical exploration for any commodity,” DGRM says.
“With spodumene pegmatites located on trend to the west of the project and to the east of the project, we believe the prospectivity of Ceiling can be considered exceptional.”
RB6 will pay Kumova and DGRM up to comprising $200,000 cash, 12.5m shares (worth $3.25m at current prices), and 15m options at 20c (worth $3.9m), exercisable on/before June 2025.
The share price is currently 26c.
Vendors will get an additional 12.5m shares if RB6 pick up at least five rock chips grading +1% lithium, and another 12.5m shares on the delineation of a +10Mt at 1% lithium resource.
A 2% net smelter royalty is also in place.
Tightly held, $8m capped RB6 is up 100% year-to-date.