Metalite Provides an Update on Its Recent Acquisition of Next Generation Resources and Exploration Strategy

May 02, 2023

TORONTO, ON / ACCESSWIRE / May 2, 2023 / Metalite Resources Inc. (CSE:METL)(OTC PINK:JNCCF)(Frankfurt:5VHA) ("Metalite" or the "Company") is pleased to announce its new exploration strategy after completion of its recent acquisition of Next Generation Resources ("NextGen"). The NextGen acquisition provides Metalite with immediate access to an extensive portfolio of properties covering 3,233 square kilometres which are prospective for lithium, and other rare earth elements (REEs) in Liberia, West Africa. In addition, Metalite has acquired NextGen's team of professionals with over 15 years' experience in Liberia and access to a fully functional base of operations in Monrovia including geological, logistical, financial and administrative teams to support the Company's exploration programs. The geological team has the capacity and capability to complete cost-effective evaluations and acquire additional licenses with demonstrated potential.

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