About Cadillac

The Cadillac lithium project consists of 332 claims covering 19,070 ha = 190 km2. Located 10 km outside the village of Cadillac and in the heart land of Quebec’s mining industry. Year-round road access, surrounded by infrastructure and labour force.

Figure 1 -Vision Lithium Property Portfolio

Option Agreement

In August 2023, Vision Lithium signed an option agreement with Olympio Metals of West Perth, Australia whereas Olympio can acquire an undivided 100% interest in the Cadillac Lithium property over a one-year period (see press release).

Olympio Metals agrees to pay the following consideration to Vision Lithium for the acquisition of the Assets under the Option:

Upfront consideration of:

  • C$500,000 in cash; and
  • 10,000,000 fully paid ordinary shares of Olympio Metals to be paid and issued within 5 Business Days after the receipt of the approvals; and
  • C$500,000 in cash to be paid within 30 days of the Approval Date.

The following amounts to be paid and/or expended before one year:

  • C$500,000 in cash; and
  • a further C$500,000 in cash (as further reimbursement for exploration expenditure incurred by Vision Lithium during the period of its ownership of the Property); and
  • Olympio having incurred at least C$500,000 in Expenditures on the Property during the Option Period.