Power Metal Resources PLC (AIM:POW) said it has acquired the North Wind lithium project in Ontario, Canada.
The junior has staked a total of 5,788.5 hectares over a 16 km-long trend of highly anomalous lithium-in-lake sediment results.
Power Metal believes the North Wind project is prospective for lithium, caesium and tantalum-bearing pegmatite occurrences.
Located less than 25km northwest of Beardmore, the site is “crisscrossed” by multiple access roads which connect it up to the Trans-Canada highway.
“The addition of the North Wind Lithium Project provides the company with a new and potentially high-impact lithium-focused opportunity,” said chief executive Paul Johnson.
“It was a great achievement that through painstaking work, the Power Metal technical team have been able to identify this new opportunity and secure it through staking, one of the most cost-effective ways to secure new interests.”