BORON/LITHIUM
ASX-listed American Pacific Borate and Lithium will spend $3-million to acquire a 100% interest in the Salt Wells North and Salt Wells South borate and lithium exploration projects, in Nevada.
In addition to the $3-million exploration spend over a five-year period, American Pacific will also be required to pay $100 000 to the vendor up-front, to reimburse its project costs, with the company also required to pay all claim related expenditure, estimated at $300 000, over the five-year period.
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