Highlights

  • NAM has attracted Mineral Resources Limited (“MRL”/ASX: MIN/MCAP of A$7.5B), an Australian lithium and iron producer, to earn up to a 75% interest in its lithium portfolio in Manitoba. A drill program, funded by MRL, commenced this month. We consider this a major vote of confidence on NAM’s portfolio. NAM also gets to advance its portfolio without any share dilution.
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