Midas Minerals plans to resume exploration at the Reid-Aylmer Project in Canada's Northwest Territories, centring efforts on the Argus pegmatite discovery.

Previous sampling at Argus revealed lithium oxide concentrations reaching 7.25%. In 2024, Midas intends to conduct initial mapping and sampling covering 50% of the project's 157km2 area.

Funding support from the Northwest Territories' corporate mining incentive program may cover up to 60% of exploration expenses.

Midas also announced its withdrawal from the Yellowknife Lithium Project option, focusing resources on the Reid-Aylmer project to leverage its promising assets and internal technical expertise for further exploration.