Ophir Gold, a Canadian mineral explorer, has secured approval from the TSX Venture Exchange for an option to acquire an undivided 70% stake in the Pilipas lithium property from Azimut Exploration.
Earlier this month, the two companies entered an option to a joint venture agreement for Azimut’s 100%-owned Pilipas property in the James Bay Region of Quebec, Canada.
The agreement includes a series of cash, share payments, and exploration expenditures to be met by Ophir to incrementally earn its interest in the property.
This includes spending C$4m ($3m) in…
