Gold Mountain Limited (ASX:GMN) agreed to acquire 75% stake in Salinas II Lithium Tenements in Brazil from Mars Mines Limited for AUD 1.43 million on December 20, 2022. Gold Mountain will pay Mars AUD 0.3 million in cash to acquire a further 55% interest in the JV, increasing from 20% to 75% interest. The transaction is subject to approval of Gold Mountain Limited shareholders.

Gold Mountain Limited (ASX:GMN) completed the acquisition of 75% stake in Salinas II Lithium Tenements in Brazil from Mars Mines Limited on February 13, 2023.