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Commodity: Cloudbreak Discovery PLC signs an agreement to acquire its database

29/02/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Un accord a été signé par Cloudbreak Discovery PLC, a natural resource project generator based in Vancouver, Canada. This is an operating agreement for the acquisition of its proprietary database of lithium targets in Texas.

SmackOver Resources LLC, a subsidiary of Lonestar Lithium Inc., purchased from Cloudbreak the proprietary database with regional modeling and data compilation in East Texas. The agreement is concluded for a period of three years. The conditions are as follows: 2 million shares of Lonestar; $25,000 each time a property subject to an eligible transaction is generated from the database; and a 0.5% royalty on lithium produced on each property that is the subject of an eligible transaction

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