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Clean TeQ Water Reports on LithiumBank's $8M Deposit Announcement

22 December 2023

Clean TeQ Water Reports on LithiumBank's $8M Deposit Announcement

LithiumBank has announced that it has entered into an option agreement for its Saskatchewan properties and received a C$8M non-refundable deposit. The optionee may exercise one or more of the Options by paying the applicable purchase price as set out in the option agreement, less the deposit, to the Company at any time until March 31, 2024, upon which time the Options shall automatically terminate.

“LithiumBank’s objective is to maximize shareholder value and to lay the foundation for a thriving lithium district in western Canada,” commented Paul Matysek, Executive Chairman of LithiumBank.

Clean TeQ Water and Go2Lithium have a central role in LithiumBank’s future in becoming a major lithium producer in Canada. The cDLE® pilot plant will reach Vancouver on January 10, 2024 and then be transported to Calgary and commissioned at the LithiumBank demonstration facility in February, 2024.

LithiumBank’s full announcement can be found at the following link: LithiumBank Announces Option Agreement for Saskatchewan Properties – Receives $8 Million Non-Refundable Deposit – Terminates Pristine Asset Purchase Agreement