Skip to content
Finance Investment, Oil Mining Resources

Intra Energy Corporation (ASX:IEC) IEC Acquires Adjacent Claims to Expand in James Bay

Intra Energy Corporation Limited (ASX:IEC) 2 mins read

Intra Energy Corporation Limited (ASX:IEC) (“IEC” or the “Company”), is thrilled to announce its latest acquisition. The Company has secured a binding agreement to take 100% ownership of 12 mineral claims, collectively spanning 12km^2. These new claims are situated immediately adjacent to the Company’s current Llama Lithium Project in the burgeoning James Bay region of Québec, Canada.

Key Highlights:

  • Expansion in the James Bay Region: The newly acquired claims are located in the James Bay area, a region that is quickly gaining reputation as a hub for hard rock lithium exploration.

  • Increased Project Coverage: These new claims are immediately adjacent to the Company's existing Llama Lithium Project. This acquisition amplifies the total ground coverage of the Llama Lithium Project to an impressive 75km^2.

  • Acquisition from Trusted Partner: The new claims are a purchase from the esteemed Canadian Mining House (CMH), based on a recommendation from Dahrouge Geological Services (DGS), IEC’s trusted geological services partner.

It's noteworthy that while there has been limited historical exploration within the area encompassing the new claims, no prior lithium exploration is known to have taken place on the property. Investors keen on understanding the potential prospectivity of the region are referred to IEC's announcement from 8 August 2023 for a comprehensive description.

The Company is excited about this expansion and continues to be optimistic about the potential that the James Bay region holds for hard rock lithium exploration. IEC is committed to sustainable and innovative exploration endeavors and this acquisition underscores that commitment.

The consideration for the acquisition comprises:

  • a cash payment of C$120,000; and 
  • the issue of 40,000,000 fully paid ordinary shares in IEC (“Consideration Shares”).

IEC Managing Director, Benjamin Dunn, commented:

“The acquisition of these claims are a strategic addition for IEC and bolster our exploration plans and ground position in the James Bay Region of Canada. The proximity of the new claims to our existing land package and the potential continuation of the geology was too exciting an opportunity for us to pass up and we think as we investigate these opportunities further they will help drive shareholder interest and value.” 


About us:

Intra Energy Corporation (ASX: IEC) is an environmentally responsible, diversified mining and energy group with a core focus on battery, base and precious metals exploration to support the global decarbonisation and electrification for the clean energy future. 


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • Finance Investment, Taxation
  • 07/12/2023
  • 16:38
Chartered Accountants ANZ

CHARTERED ACCOUNTANTS ANZ WELCOME NEW COMMISSIONER OF TAXATION

Chartered Accountants Australia and New Zealand welcomes and congratulates Mr Rob Heferen on his appointment as Commissioner of Taxation. Mr Heferen is well known and highly regarded in the tax profession having previously served as Treasury's Revenue Group leader. He has written extensively on a broad range of tax policy issues. He led the Secretariat for the Henry Tax Review. CA ANZ looks forward to working with Mr Heferen and the ATO leadership team as they tackle the many challenges ahead. These include implementation of the government's international tax reforms and the ongoing modernisation of the way the federal government…

  • Contains:
  • Finance Investment
  • 07/12/2023
  • 14:22
CSLR Ltd

CSLR appoints CEO and a new director

The Compensation Scheme of Last Resort (CSLR) Transitional Board today announced two key appointments ahead of the scheme's scheduled commencement in April 2024. They are David Berry as the inaugural Chief Executive Officer (CEO) and Delia Rickard as a Non-Executive Director. Mr Berry commences as CEO on Monday 11 December 2023. Mr Berry brings extensive experience as an executive, non-executive director and consultant who has made significant contributions to the financial services and consumer sectors through his strong leadership and change agenda. “David will bring a unique set of skills and experience to this role which balance both industry and…

  • Finance Investment, Oil Mining Resources
  • 07/12/2023
  • 14:01
Zenith Minerals (ASX:ZNC)

Zenith Minerals (ASX:ZNC) – 83 LITHIUM TARGETS AT SPLIT ROCKS

Zenith Minerals (ASX: ZNC), a leading mining and exploration company, is excited to announce a significant expansion in the number of lithium targets at…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time your distribute with Medianet. Pay per release or save with a subscription.