100% interest in the NMX East, a lithium property tied to Nemaska Lithium Inc.’s (TSX.V-NMX) Whabouchi property in Quebec with 23Mt Proven and Probable @ 1.53% Li
Comprised of 23 claims which cover 1,200 hectares and is located within a few kilometres of Nemaska’s proposed mining pit.
Nemaska Lithium is developing the world’s newest lithium mine in Quebec and has signed agreements with its key stakeholders, gained the required permits and was recently awarded both Federal Environmental Approval and the Province of Quebec Mine Approval
Perhaps CUU management know there will be a rush of investment in this area once they announce a positive BFS. They may need to shore this up to a turnkey project by getting everything that is needed to be done now, before this happens.
They have arranged shipping space at Stewart. Possibly there are other aquisitions and deals they feel they need to do before this turns high profile. Then they may have to compete with big money. I am thinking of access road and construction contracts.