Voltaic Minerals Corp. Signs MOU with Macarthur Minerals Ltd.
Vancouver, BC (FSCwire) - Voltaic Minerals Corp. (TSXV: VLT, FSE: 2P6) (the “Company”) is pleased to announce that it has entered into a Memorandum of Understanding with Macarthur Minerals Ltd. (TSXV:MMS) (“Macarthur”) to enter into a Purchase Agreement for the Stonewall Project in Nevada which covers approximately 5700 acres that was acquired by the company through staking.
Under the terms of the MOU and on completion of the Purchase Agreement Voltaic will receive 2 million common shares in Macarthur and 6 months from completion $ 50,000 USD. The transaction is subject to regulatory approval.
About Voltaic Minerals Corp.
Voltaic Minerals Corp. is a Vancouver-based lithium exploration company which owns 100% of the Green Energy Lithium Project that encompasses 4,160 acres of Bureau of Land Management (BLM) claims and is located in Grand County, 15 km west of the city of Moab. Lithium and other minerals occur at the project in an over-saturated brine (40% minerals, 60% water)discovered during oil exploration when drill wells intercepted Clastic Bed #31 of the Paradox formation.
ON BEHALF OF THE BOARD
VOLTAIC MINERALS CORP.
“Darryl Jones”
Darryl Jones
President & CEO
Tel: 604.681.1568
info@voltaicminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Voltaic08172016.pdf
Source: Voltaic Minerals Corp. (TSX Venture:VLT, FWB:2P61)
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