Aug. 27 at 9:26 PM
$JORFF Consolidated Lithium Metals Inc. Signs Letter of Intent with SOQUEM to Earn up to 80% Interest in the Kwyjibo Rare Earth Project, Québec
06:30 AM CDT, August 27, 2025
TORONTO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | FRA: Z36) (“CLM” or the “Company”) is pleased to announce that it has entered into a non-binding letter of intent (“LOI”) effective July 31, 2025, with SOQUEM Inc. (“SOQUEM”), a wholly owned subsidiary of Investissement Québec, pursuant to which (subject to completion of several conditions precedent) the Company may acquire an option to earn up to an 80% interest in the Kwyjibo Rare Earth Project (the “Project”), located 125 km northeast of the city of Sept-Îles, in the Côte-Nord region of Québec (the “Proposed Transaction”).
Proposed Transaction Summary
Phase I – CLM to acquire a 60% undivided interest in Project
