Pistol Bay Mining Inc. (TSXV:PST) announced that the company as well as Zimtu Capital Corp and MPH Consulting Ltd have entered into an Option Agreement to acquire a 100% interest in the Portland Graphite Property, subject to TSX Venture Exchange approval.
As quoted in the press release:
The Property is situated 1.6 km north of Highway 15 between Kingston and Ottawa. It is road-accessible and consists of private lands covering approximately 429 hectares, located 5.5 km northeast of the community of Portland, Ontario. Power and water are available on-site and rail access is nearby.