Antler Gold Inc. has agreed to sell its 100% interest in the Crescent Lake Lithium Project in Ontario to Midex Resources Ltd., facilitating a strategic focus on its other projects while retaining equity in an active lithium explorer.

Information on the Target

Antler Gold Inc. (TSXV: ANTL) is a Canadian mineral exploration company based in Halifax, Nova Scotia. The company specializes in exploring and developing lithium and other mineral resources. Recently, Antler announced its decision to sell its 100% interest in the Crescent Lake Lithium Project, situated in Ontario, Canada, to a private company, Midex Resources Ltd.

The Crescent Lake Lithium Project comprises a set of mineral claims that have shown potential for lithium exploration and extraction. The sale aligns with Antler's strategic objective to focus on its ongoing ventures while diversifying investment opportunities in the mining sector. This transaction will also allow Antler to retain a substantial equity stake in an active player in the Canadian lithium market.

Industry Overview in Canada

Canada's mining industry plays a vital role in the nation’s economic landscape, contributing significantly to exports and employment. The lithium sector, in particular, has garnered heightened attention due