Triton Minerals Limited (ASX:TON) has announced it has signed an option agreement with Westgold Resources Limited (ASX:WGX) to acquire a package of lithium interests in Western Australia.
The interests include a royalties over lithium production and lithium exploration properties.
If the acquisition is successful, it will reposition the graphite business as a diversified, multi-commodity resources company.
Due diligence has commenced on the acquisition.
Triton Minerals Limited (ASX:TON) closed 12.24 per cent up on Friday at $0.11.