Vatic Announces Renegotiated Option Agreement FOR Brazil Hardrock Lithium Pegmatite Property and Acquisition of Additional Property
VATIC VENTURES CORP.
VATIC VENTURES CORP.
1400-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1, CANADA
E-MAIL: [email protected]
TEL: 604-757-9792
VATIC ANNOUNCES RENEGOTIATED OPTION AGREEMENT FOR BRAZIL
HARDROCK LITHIUM PEGMATITE PROPERTY AND ACQUISITION OF
ADDITIONAL PROPERTY
VANCOUVER, BC, January 15, 2025 - Vatic Ventures Corp. (the “Company” or “Vatic”)
(TSXV: VCV; FRA: V8V; OTC Pink: VCVVF) is pleased to announce renegotiated terms of
the option agreement held by its subsidiary 1432714 B .C. Ltd. (the “Underlying Option ”) to
acquire a highly prospective hard rock lithium property (“Solonópole South”) from an underlying
optionor (the “Underlying Optionor ”). The renegotiated Underlying Option terms are detailed
below.
SOLONÓPOLE SOUTH
All previous annual cash and share payment obligations of the Underlying Option have been
cancelled. On January 6, 2025, the Underlying Option to acquire 100% of the Solonópole South
concessions was renegotiated as follows:
a) paying to the Underlying Optionor US$2,500 by January 17, 2025 (the “Purchase Price); and
b) in addition to the Purchase Price, the Company agrees to pay the Underlying Optionor a
perpetual royalty of one percent (1%) on the gross revenue derived from the sale of any
minerals commercially exploited from the concessions (“Royalty”). The Company shall have
the option to buy out the Royalty at any time by paying the Underlying Optionor a one-time
fee of USD 1,000,000.
SOLONÓPOLE NORTH
In addition to the renegotiated Underlying Option for Solonópole South, the Company is pleased
to announce that it has entered into an agreement with 1434593 B.C. Ltd. , a private company ,
which has an option agreement with the Underlying Optionor to acquire 100% of a highly
prospective hard rock lithium property (the “Solonópole North Option”). As part of the proposed
transaction 1434593 B.C. Ltd. will become a wholly -owned subsidiary of the Company . The
proposed transaction is subject to TSXV approval, the terms of which are:
a) paying to the Underlying Optionor US$2,500 by January 17, 2025 (the “Purchase Price);
b) paying to a shareholder of 1434593 B.C. Ltd. acquisition and corporate costs of US$50,000 by
March 31, 2025; and
c) in addition to the Purchase Price, the Company agrees to pay the Underlying Optionor a
perpetual royalty of one percent (1%) on the gross revenue derived from the sale of any
minerals commercially exploited from the concessions (“Royalty”). The Company shall have
the option to buy out the Royalty at any time by paying the Underlying Optionor a one-time
fee of USD 1,000,000.
Loren Currie, CEO stated: “We are very pleased to have renegotiated Solonópole South, which
will allow Vatic to allocate more funding to the exploration of these highly prospective lithium
pegmatite fields. With the addition of a second highly prospective lithium pegmatite field, at
Solonópole North, our total concession package will cover 124 km2. We believe that we will be in
a strong strategic country position to explore and develop these prospective lithium properties.”
OVERVIEW - SOLONÓPOLE SOUTH LITHIUM PROPERTY
The Solonópole South is a highly prospective hard rock lithium property that hosts multiple
extensive lithium bearing pegmatite dykes that recently returned initial grab samples of 5.03%
Li2O, 3.72% Li2O and 3.41% Li2O.
Figure 1. Grab Samples from Vatic’s Solonópole South Lithium Property
The Solonópole South Lithium Property consists of 4 claim blocks covering 4,813.57 hectares.
The property is located in the coastal state of Ceara in Northeast Brazil, 40 km from the city of
Solonópole in a known pegmatite mining district. Vatic’s Solonópole South Property is located in
an established lithium mining jurisdiction, with year round access, infrastructure in place and
favorable mining legislation.
Figure 2. Solonópole South Lithium Property Location
The initial 2023 exploration program completed by the li cense Optionor revealed multiple long
and wide pegmatite dykes that measure up to 30 meters in width and up to 300 meters in length
that are largely unexplored. Vatic is planning a work program that could include GPS sample site
controls for overburden stripping, mapping, channel sampling and trenching.
ABOUT THE SOLONÓPOLE SOUTH LITHIUM PROPERTY
• The Solonópole South Property covers historic artisanal mining sites previously mined for
lithium, coltan (tantalum and niobium) and tin.
• Initial sampling of the Solonópole South Pegmatites returned Spodumene bearing pegmatite
samples that graded up to 5.03% Li2O.
• Planned Sampling will assay for Rare Earth Elements, Critical Battery Metals as well as
lithium.
• Ideal project location - Historical lithium mining region in Brazil.
• Approximately 4-hour drive on paved roads to port (Fortaleza).
• The topography, land use and vegetation at Solonópole is well suited for exploration activities.
• Arid, sparsely populated farmland, no rain forest.
• Northern Brazil provides easy shipping routes to North American and European battery
chemical markets.
QUALIFIED PERSON
The technical content in this release has been reviewed and approved by Mitchell E. Lavery,
P.Geo, who is a Qualified Person as defined by Nat ional Instrument 43 -101, Standards of
Disclosure for Mineral Projects. The Company's QP has not verified the technical and scientific
information from neighboring projects and has relied on the information provided on the individual
corporations’ websites.
ABOUT VATIC VENTURES CORP.
Vatic is a mineral exploration and development company focused on developing high -value
properties. Vatic has an option to acquire a 100% interest in the Solonópole South Lithium
Property in Brazil and has an option to acquire an 80% interest in certain assets in Namibia.
ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.
“Loren Currie”
Loren Currie
CEO & Director
E-mail: [email protected]
Phone: 604-757-9792
Website: www.vaticventures.com
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.” The information contained herein contains “forward-looking statements” within
the meaning of applicable securities legislation. Forward-looking statements relate to information
that is based on assumptions of management, forecasts of future results, and estimates of amounts
not yet determinable. Any statements that express p redictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance are not statements of
historical fact and may be “forward-looking statements.” Forward-looking statements are subject
to a variety of risks and uncertainties that could cause actual events or results to differ from those
reflected in the forward -looking statements. Investors are cautioned against attributing undue
certainty to forward-looking statements. These forward-looking statements are made as of the date
hereof and the Company does not assume any obligation to update or revise them to reflect new
events or circumstances. Actual events or results could differ materially from the Company's
expectations or projections.