El Nino Ventures Inc. (TSXV:ELN) agreed to acquire 191 claims within the Lac Otelnuk Iron Ore Project from 743584 Ontario Inc. on November 16, 2022. The transaction is subject to regulatory approval. El Nino Ventures paid CAD 0.03 million for the assessment.

743584 Ontario Inc. will retain a 2.5% royalty with buy-down provisions. On November 22, 2022, El Nino Ventures Inc. has received TSX Venture Exchange approval.