Arbor Metals Completes Acquisition of Kemlee Lake Lithium Project in Northern Ontario
NEWS RELEASE
ARBOR METALS COMPLETES ACQUISITION OF KEMLEE LAKE LITHIUM PROJECT IN NORTHERN ONTARIO
Vancouver, Canada – June 5, 2024 – Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) announces that it has completed the acquisition (the “Acquisition”) of Kemlee Lake Lithium Corp. (“KLL”). KLL is the holder of the Kemlee Lake Lithium Project situated in the heart of the Georgia Lake Lithium Camp, Thunder Bay Mining Division, Ontario.
The Acquisition was completed pursuant to the terms of a share purchase agreement entered into with KLL and its sole shareholder (the “Vendor”). In consideration for all of the outstanding share capital of KLL, the Company issued 1,500,000 common shares to the Vendor. The Company is at arm's length from the Vendor and KLL. No finders' fees or commissions were paid by the Company in connection with the Acquisition.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The Company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.
The Jarnet, Corvette Lake and St. Pierre lithium projects, located in the James Bay region of Quebec, comprises 83 map-designated claims, covering an area of approximately 5,606 hectares. The projects are contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization representing one of the highest-profile lithium exploration projects in the sector.
For further information, contact Mark Ferguson, Chief Executive Officer, at [email protected], or 403.852.4869, or visit the Company’s website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the exploration of the Kemlee Lake Lithium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward- looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.