I am sure there IS more to the story
However on reading the Altura notice of May 3, 2021:
[ALTURA NEGOTIATES EARN IN OPTION FOR NEVADA LITHIUM BRINE PROJECT]
- Alex Cheeseman entered a letter of intent for a 60% earn in agreement
….and paid US50,000 upon signing it (which provided “an exclusive 60-day period to complete documentation and due diligence.” )….on the understanding the landholding was as it had been when the earn in agreement with American Lithium lapsed - ie 80 claims.
He wrote ;
“This deal with Lithium Corporation is a logical progression of our existing strong relationship, with both groups aligned in their thoughts for the Fish Lake Valley Lithium Project development path.
Together we have the strengths of local expertise with decades of mineral evaluation experience and international battery material relationships forged over a number of years in the industry…”
I presume it was Alex, as part of his due diligence, who discovered the tenements had dwindled way under the acreage he had signed up for.
Thank goodness.
…. But it doesn’t sound to me as though he is getting much help.
Lithium Corp directors James Brown, Tom Lewis and Brian Goss were presumably in discussion since at least the administration.
One of them might have done a little leg work regarding checking the claims before the $50 grand had been handed over?
cheers
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