Cygnus Metals (ASX:CY5) has acquired highly prospective new projects in the hope of establishing it as a major James Bay (Ontario, Canada) lithium explorer.
The Sakami Project and the additional ground surrounding the Auclair Project were acquired from Canadian Mining House, making Cygnus one of Quebec's major lithium explorers.
The company says the projects have excellent infrastructure and provide a strong opportunity for it to create shareholder value with diamond drill rigs operating throughout the next year.
Cygnus Metals' share price is up 7% today.