The TSX Venture Exchange has accepted for filing an option agreement dated on Nov. 3, 2023, between Huntsman Exploration Inc. and an arm's-length party. Pursuant to the terms of the agreement, the company may acquire the Legear lithium property in the Patricia mining division in Northwestern Ontario. The property consists of 106 unpatented mining claims. By way of consideration, the company will make a cash payment of $20,000 and will issue a total of 1.25 million shares to the optionor. The property is subject to a 2-per-cent net smelter return (NSR) royalty in favour of the optionor, of which the company has the option to buy half (a 1-per-cent royalty) in consideration for $500,000 in cash paid to the optionor.

For further details, please refer to the company's news release dated Nov. 6, 2023.