Explorer in WA/NT and (hopefully soon to be) Canada. SOI: 54Mil, MC: $13.65Mil, and Cash: ~$5Mil
Bumping my original entry from two months ago. Market Cap. has gone up due to a capital raise, but it's still trading in the same price range.
They're due to receive field assays from their Canadian lithium project any day now (15 May - 10 July based on timeline below), which will confirm if the pegmatites in the region are lithium bearing. Pretty high risk, but can easily expect some high returns if it pulls through.
The tenement is close to some high-grade sites and is situated on the Lac Des Montagnes greenstone belt, which is host to a 36.6Mt @ 1.48% Li mine that is 38km along strike from OM1's land.
The Company has entered an earn-in agreement to acquire the Lac des Montagnes Project, 540 sq.km of claims in the James Bay region of Canada, which is highly prospective for lithium and host to many decent mines and tenements, including recent multi-bagger WR1's lithium projects.
