Oceana Lithium Limited (ASX:OCN) has exercised its option to acquire N Green lithium exploration permits AUD 0.686 million on May 4, 2023. The transaction consideration is AUD 150,000 cash and 1.6m ordinary shares in Oceana, to be voluntarily escrowed for 12 months, and a further AUD 50,000 cash and 600,000 Oceana shares subject to reaching a JORC resource milestone.