Comet acquires three prospective lithium projects

Highlights

• Agreement signed to acquire three prospective lithium projects in the James Bay region.
• The Mercator Project, located east from Comet’s Liberty and Winsome Resources’ Adina Projects and adjacent to the Tilly Project.
• The Monarch Project, on strike with Cygnus Metals’ Auclair pegmatites discoveries Auriga, Lyra & Pegasus.
• The Elmer East Project, located 20 km north-east of Arcadium’s James Bay deposit and next to Azimut Exploration’s Wapatik project.
• The Mercator Project shares several geological similarities to Tilly with little historical exploration completed to date.
• The Monarch Project hosts multiple Li, Ta, Ca, Be soil anomalies to be investigated directly on trend with Auclair’s recent pegmatites discoveries.
• The acquisition increases Comet’s landholding in the world class James Bay lithium region to over 346 km².

Vincent Metcalfe, President and CEO commented, “The acquisition drives further consolidation in the James Bay area, enhancing our strategic land positions and providing significant optionality for Comet shareholders. By securing these prospective assets, we are making investments at opportune prices. The well-located and highly prospective projects we are acquiring will be instrumental in our future growth and further enhance our position within the highly active and strategic Trieste Lithium Greenstone Belt”.

Read the article online at: https://www.globalminingreview.com/mining/17072024/comet-acquires-three-prospective-lithium-projects/