North Arrow Minerals Inc. (TSXV:NAR) entered into an agreement to acquire 100% interest in DeStaffany lithium property from Panarc Resources Ltd. for CAD 0.04 million on January 25, 2023. As for consideration North Arrow Minerals Inc. acquired 100% interest in the DeStaffany mineral claims by reimbursing staking costs of CAD 18,000 and issuing to Panarc 500,000 shares of North Arrow, subject to the approval of the TSX Venture Exchange. In addition, Panarc will retain a 2% net smelter returns royalty on future mineral and metal production from the property. One half of the royalty can be purchased at any time for CAD 2 million. North Arrow and Panarc have also agreed to a strategic alliance to work together in identifying and acquiring additional lithium projects in Canada?s three territories.

North Arrow Minerals Inc. (TSXV:NAR) completed the acquisition of 100% interest in DeStaffany lithium property from Panarc Resources Ltd. during the year ended April 30, 2023.