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Rio Tinto signs second Quebec lithium exploration deal

RIO Tinto has signed two option agreements with junior Azimut Exploration on the Corvet and Kaanaayaa lithium properties in Quebec's James Bay district.

Paul Harris and Kristie Batten
Azimuth Exploration's Elmer-Patwon outcrop in the James Bay region of Quebec, Canada

Azimuth Exploration's Elmer-Patwon outcrop in the James Bay region of Quebec, Canada

The agreements contemplate an aggregate value of up to C$115.7 million in expenditures and cash payments to Azimut. Rio Tinto can acquire an initial 50% interest in each property over four years by...

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