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Great Southern Copper PLC - Chile-focused copper-gold exploration company - Executives binding term sheet for Monti lithium project in Salar de Atacama, Chile’s premier lithium producing region. Project has 23,500 hectares of concession area under application. Pays initial $10,000 to sellers with further payments over 3 years for a total value of $2.3 million. Chief Executive Officer Sam Garrett says: ‘The Monti lithium project delivers on the company’s strategic objective to add a third project to its portfolio and further emphasises the company’s enduring and important relationship with our in-country partners. Our partners ability to identify projects of significance is a great asset to GSC.’
Current stock price: 3.52 pence, closed 10% higher on Wednesday in London
12-month change: up 28%
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