Loyal Lithium announced the transformational acquisition of an advanced lithium project

Loyal Lithium Limited (ASX: LLI) reported that it has entered into binding agreements with two separate parties to gain control of the Hidden Lake Lithium Project, which is located 45 kilometers east of Yellowknife, Northwest Territories, Canada. Binding agreements have been signed with Youssa Pty Ltd to purchase a 60% stake in the Project's 1,660 hectares (5 contiguous claims) and DG Resource Management Ltd to acquire a 100% interest in the Project's 841 hectares.

Acquisition Specifics

Contract terms with Youssa Pty Limited

• Cash Considerations: The company will pay the AU$250,000 in cash at settlement.
• At Settlement, the company will issue the Vendor 14,000,000 LLI Shares.

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