Bastion Minerals Limited (ASX:BMO) signed definitive agreement to acquire Critical Minerals Morrissey Pty Ltd on December 20, 2023. As part of a related transaction under which Bastion is acquiring Split Rock Dam Lithium & Gold Project, the total cost of both the acquisitions are AUD 1 million which will be satisfied by Bastion issuing 71.4 million shares and a net smelter royalty of 1.5%. The acquisition will be funded from capital raise of AUD 2 million.

Subject to the satisfaction of the conditions, completion of the transaction must occur within 4 months of the date of the agreement.