Midas Minerals acquired 15 mineral claims, totalling 157km2, in the Northwest Territories, Canada, under the Reid-Aylmer Lithium Project.

Situated near the well-established Diavik and Gahcho Kué diamond mines, the project boasts promising pegmatite swarms deemed prospective for lithium.

The site's strategic location, 180-300km northeast of Midas' Yellowknife Lithium Project, is accessible via sealed roads connecting various mining facilities.

Sampling results from the Reid-Aylmer Lithium Project and the Yellowknife Lithium Project will be expected by March 2024 and mid-November, respectively.