Legacy Lithium to sell Utah Green Energy Project

Legacy Lithium Corp., an exploration-stage mining company based in Gargary, Alberta, Canada, has agreed to sell its Grand County lithium mining property, called the Green Energy Lithium Project, to Australia-based Anson Resources Limited. The sale will be made through Legacy Lithium’s subsidiary, Legacy Lithium Utah.

The sale price was reported as $1 million in cash and 15,060,981 Anson common stock shares, plus reimbursement of fees associated with the sale. The deal must be approved by{mprestriction ids="1,3"} Legacy shareholders and the Australian Securities Exchange.

The Green Energy Lithium Project is made up of 18 historic oil and gas wells and has 208 placer claims covering a total area of about 6.5 square miles. The project is located immediately adjacent to Anson’s Paradox Lithium Project.{/mprestriction}