![]() This reservation in the northern part of the Central Lapland Greenstone Belt (CLGB) is also underlain by a series of approximately 1.8 billion year old granitoids, including 2 mica granites intruding meta-sedimentary and meta-volcanic rocks and pegmatites. These reservations are considered prospective for battery and rare metals (Lithium, Cesium and Tantalum), and rare earth elements (Ytrium, Niobium and Fluorine) among others. These reservations are underlain by a series of approximately 1.8 billion year old granitoids, including S-type "microcline" granites intruding migmatites and metasedimentary rocks of the Central Lapland Granitoid Complex and hosting numerous pegmatite occurrences. Through this agreement the company acquires a 100% interest in 7 Mineral Reservations covering approximately 3,106.5 km 2 as outlined in the Table and Map at the end of the press release and described more fully below. The Vendor has also been granted a 1% net smelter royal on six of the seven Concessions. The Consideration Shares are subject to the following contractual resale restrictions: Number of Consideration Shares Pursuant to the Transaction, the Company has acquired all of the shares of BB Gold Inc., a company existing under the laws of Newfoundland and Labrador and its wholly owned Finnish subsidiary Sisu Exploration Oy, the direct owner of the Concessions, from a private individual (the " Vendor") in exchange for the issuance of 1,250,000 common shares (the " Consideration Shares"). September 5, 2023) - European Energy Metals (TSXV: FIN) (FSE: W28) (" European Energy" or the " Company") is pleased to announce that it has received regulatory approval for and thus completed its previously announced acquisition of seven mineral reservations (the " Reservations") located in northern and central Finland (the " Transaction"). ![]() Vancouver, British Columbia-(Newsfile Corp.
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