First-pass ground reconnaissance program successfully completed at the Adina East Project. Plenty of news flow
Executive ChairmanWilliam Witham has recently 31 / 10 and 20 / 10 has been buying on market. Also other directors 18 / 10
Plenty to like here at this low MC
Top 20 around 70%
Cash around 2.7m
Pinnacle Minerals Ltd (ASXIM) is an emerging battery and technology metalsexplorer with a portfolio of projects in Canada, Western Australia and SouthAustralia.▪
Pinnacle has entered a conditional agreement to acquire a 75% holding inthe Adina East Project in James Bay Quebec which is proximal to the AdinaLithium Project (ASX:WR1) and adjacent to the Trieste Project (ASX:LLI).
▪ Project Partner with 25% of the project is Electrification and Decarbonization AIELP Fund (E&D Fund), a fund managed by Waratah Capital Advisors, a Torontobased investment house with $4B+ CAD under management.▪
US $500,000 payment to be made to Pinnacle Minerals by E&D Fund designatefor 25% offtake from Adina East. Royalty agreement (2% GRR) in place withLithium Royalty Corp (LIRC:TSE)1.
▪ Multiple lithium targets exist at the Project which have been drawn from satelliteand radar analysis and from historical records. There are multiple mappedpegmatite outcrops on the claims.▪
Pinnacle's Australian Projects are in the favorable jurisdictions of WesternAustralia and South Australia. The projects are prospective for Heavy MineralSands, Rare Earth Elements and Kaolin.▪ Pinnacle has a tight capital structure, low enterprise value (EV)
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