With permits in place, and with three projects that have never been drilled showing high-grade spodumene pegmatites on the surface, North Arrow Minerals (TSXV:NAR) is a company to watch in the lithium space, according to President and CEO Ken Armstrong.
“We did the work to confirm their locations and get permitting in place so that we're ready to drill them. So that's kind of where we started this year … This time last year, we didn't have anything. Now we've got three lithium projects that have good high-grade showings at surface that are ready to (be) drilled,” he said.
To push the projects forward, the company is looking for opportunities to fund its exploration programs in 2024.
“We need to figure out funding for those projects. There’s not many juniors that are in this position where they have entered the lithium space and have acquired three different projects that already have spodumene pegmatites at surface that have never been drilled before. And that's the main reason that we think we should really be on people's watch list if they're interested in the lithium space.”
Results from 2023 exploration work at North Arrow's 100 percent owned MacKay and LDG lithium projects in the Northwest Territories show up to 2.1 percent lithium oxide over 4 meters from the new MK3 pegmatite.
Watch the full interview with North Arrow Minerals President, CEO and Director Ken Armstrong above.
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This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
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