Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project [Financial Post (Toronto, Ontario, Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Financial Post
MONTREAL, April 23, 2024 (GLOBE NEWSWIRE) — Midland Exploration Inc. ( “Midland” TSX-V: MD) , is pleased to announce the execution of an amended option agreement on April 22, 2024 (the “ Option Agreement ”) with Rio Tinto Exploration Canada Inc. (“ RTEC ”) and the addition of the Wookie project to the option agreement signed with RTEC in June 2023 ( see press release by Midland dated June 14, 2023 ). The Wookie project is located in Eeyou Istchee James Bay area. The amended option agreement now consists of eleven (11) projects totalling 2,208 claims covering a surface of about 1,139 square kilometres. These projects include Galinée, Corvette, Mythril East, Chisaayuu, Moria, Shire, Komo, Warp, Sulu, Picard and Wookie (the “ Properties ”). Article content Highlights Article content Addition of the Wookie project to the option agreement with RTEC; Additional $1,5M of expenditures for the initial 50% and $4,0M for 70% interest, with additional $100,000 cash payment upon executi
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