ION Energy CEO & Director Ali Haji joins Natalie Stoberman from the Proactive studio to discuss the company's latest acquisition of the Bliss Lake Lithium Pegmatite Project in NWT, Canada.
Haji says the Bliss Lake Lithium Project encompasses 5,798 hectares and is located between 13-15 km away from lithium properties held by Li-FT Power Ltd. and 20 km from Patriot Battery Metals Inc (TSX-V:PMET, OTCQX:PMETF, ASX:PMT). He adds the prospect is within 10's of kilometers from other proven pegmatite fields which allows ION Energy to be a multi-jurisdictional, multi-asset company that has the ability to serve two major, established geographies.
The acquisition is an all equity, milestone driven transaction, which ultimately allows the seller to reach a five percent ownership interest in the ION Energy, as well as a one percent Net Smelter Royalty (NSR) in the project.