Greenland Minerals enters into an agreement to acquire an interest in a lithium project

Greenland Minerals Limited (ASX: GGG) announced that it had signed an agreement with Technology Metals Europe SL and its key shareholder Welsbach Holdings Pte Ltd, for the right to earn in a 51% stake in the Villasrubias lithium exploration license located in Spain’s most renowned province for technology metals exploration.

The company can acquire its stake in TME by spending AU$3,000,000 on a jointly agreed works program in relation to the tenement within three years from the date of satisfaction of the conditions precedent to the transaction. The acquisition of the interest in the TME represents the first step in Greenland Minerals' new diversification strategy.

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