21:37:27 EST Sat 03 Dec 2022
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Arbor Metals Corp
Symbol ABR
Shares Issued 54,570,075
Close 2021-12-10 C$ 2.60
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Arbor seeking to expand lithium projects in Canada

2021-12-13 02:37 ET - News Release

Mr. Mark Ferguson reports


Through its continuous evaluation process, Arbor Metals Corp. has identified certain, highly prospective, lithium-bearing areas in Eastern Canada. The board of directors has elected to expand its portfolio of strategic lithium projects into Canada. The company has engaged the services of a leading Canadian exploration company to assist in completing the technical review. This potential acquisition would expand the company's lithium focus as it builds a project pipeline of mineral projects in a sector poised to supply the needs of the world transition to a green economy. The company is currently completing due diligence and final negotiations on a prospective project and anticipates being able to close the acquisition in the coming weeks.

The company's expanded focus into lithium is an integral part of its exploration strategy. Management is continuously evaluating opportunities around the world where there is the potential for a significant deposit that meets the company's criteria.

Readers are cautioned that the company has not yet finalized the terms for the acquisition of the lithium project, and there can be no guarantee that a transaction will ultimately proceed. Completion of any transaction will be subject to customary closing conditions, which may include regulatory approval. The company will provide further information regarding the project expansion once terms have been finalized.

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