MMG shares up following the acquisition of American Consolidated Lithium Pty Ltd

Monger Gold Ltd (ASX: MMG) has entered into a binding agreement to acquire up to 100% of the shares and options in American Consolidated Lithium Pty Ltd, which holds the right to acquire the Scotty Lithium Project in Nevada, USA.

The acquisition of American Consolidated Lithium Pty Ltd will provide MMG direct exposure to an ideally located and large-scale lithium exploration project in the tier-1 lithium mining jurisdiction in Nevada, USA. The ACL is located 70 Kms from Albermarle Corp’s Clayton Valley (Silver Peak) Lithium Project in Nevada, the only producing lithium mine in the USA. Also, it is located 330 km from Tesla's Nevada Gigafactory.

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