This post was originally published on this site.Global Battery Materials agreed to buy developer Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) in an all-share deal valued at about $7.9 million (C$11 million) that will give the private company control of the La Loutre graphite project in Quebec. Lomiko shares soared. The deal values Lomiko at 13¢ per share, a 71% premium to the stock’s 20-day volume weighted average trading price on the TSX Venture Exchange for the period ending Monday, GBM said Tuesday in a statement. It requires approval from Lomiko shareholders, court approval and customary regulatory clearances before closing, which is...

This post was originally published on this site.Rare Earths Americas (NYSE American: REA) announced Wednesday it is expanding beyond its flagship Shiloh project to establish the Foothills Rare Earths district in Georgia.   Drilling at the Liberty Peak target in the district has now identified monazite-bearing sands similar to those at Shiloh more than 50 km away, pointing to district-scale continuity rather than a single isolated deposit, REA said. In June, drilling and surface sampling at Shiloh ran up to 44.5% TREO. The company said it believes the mineralized sands system may extend across multiple properties, including the adjacent Liberty Peak property and three additional high-priority exploration targets.   Collectively, these properties form the Foothills Rare Earths District, which covers an area approximately 17.5...