Junior corporate roundup: Maxtech, TriStar, Alset, NRG Metals

Vancouver-based Maxtech Ventures entered into an arms-length agreement to acquire two additional manganese prospective mineral claims totaling 20,000ha in Brazil, bringing its exploration claims in the country to approximately 40,000ha, the company said in a statement.

Terms include a US$10,000 payment and the issuance of 200,000 Maxtech shares. The transaction is subject to regulatory approvals, it added.

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Brazil-focused TriStar Gold filed a preliminary short form prospectus in British Columbia, Alberta and Ontario in connection with a proposed marketed offering of units for gross proceeds of a minimum of Cdn$4mn (US$3mn) and a maximum of Cdn$7mn, said a press release.

The net proceeds will be used for drilling and studies to advance its Castelo de Sonhos project in Pará state and for general working capital purposes.

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Vancouver's Alset Energy received the necessary permits to start drilling at its La Salada lithium project in Mexico's Zacatecas state. The company is in the process of securing drill crews and site personnel, and is expected to begin drilling in April, Alset said in a statement.

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Argentina-focused NRG Metals completed a drill tender process for the first exploration phase at its Carachi Pampa lithium project in Catamarca province. Several groups expressed interest and a shortlist has been completed for a firm bid upon receipt of drill permits, according to a release.

The permitting process is underway and the company said it expects a response shortly to its filing of the required environmental impact assessment.