Trek gets into battery metals

ZINC junior Trek Metals has raised cash off the back of a deal to acquire a lithium-cobalt project in the Northern Territory.

Trek gets into battery metals Trek gets into battery metals Trek gets into battery metals Trek gets into battery metals Trek gets into battery metals

The company has acquired Elm Resources, which holds seven exploration licence applications covering 5274sq.km which make up the Arunta lithium-cobalt project.

Consideration to the vendors, which were behind the recent listing of fellow NT explorer Northern Cobalt, is A$300,000 worth of Trek shares at 3.5c per share.

Historical rock chipping over the project has returned grades of up to 1500 parts per million lithium oxide and 0.12% cobalt.

Trek said the project added battery minerals to its base metals-focused portfolio.

“The emerging battery storage sector is proving its longevity and to have the opportunity to exploration a project that has such promise is truly excitin...

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