VANCOUVER, British Columbia, April 04, 2022 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV:AIS) (OTCQB:AISSF) (FSE:5YHA), along with its joint venture partner, Spey Resources Corp., have acquired the Candela II Project which is located in the Incahuasi Salar in Argentina in the famous lithium triangle. A.I.S. paid US$1 million to acquire a 100% interest in the project, and concurrently optioned 80% of the project to Spey Resources for US$1 million, while retaining a 20% interest. Spey has an option to acquire A.I.S.’s 20% interest by paying US$6 million by March 18, 2023.
InvestmentPitch Media Video Discusses A.I.S. Resources’ Acquisition, along with its JV Partner, Spey Resources Corp, of the Candela II Project in the Incahuasi Salar in the Famous Lithium Triangle in Argentina
Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.
