Dempsey Minerals Ltd is an Australian based mineral exploration company established to generate shareholder wealth by identifying, acquiring and/or developing mineral projects.
The Company believes that the emerging battery minerals sector provides exceptional upside for investors.
The key focus of the Company is the transaction of February 2018 whereby the Company signed an exclusive option agreement (OptionAgreement) with Australian company Blue Sky Lithium Pty Ltd (Blue Sky) to acquire 100% (royalty free) of Blue Sky’s interests in mining tenements located in the world class lithium bearing Hombre Muerto salt flat in the province of Catamarca, Argentina. Blue Sky, through its Managing Director and founder Mr. Juan Pablo Vargas de la Vega, has had a long association in the mining industry in Australia and Latin America and in particular within the lithium sector. Under the terms of the Agreement, if Dempsey exercises the Option it may at its sole and absolute election determine whether to complete the acquisition by way of an asset sale agreement (i.e. by acquiring Blue Sky’s interests in those mining tenements) or by acquiring 100% of the issued capital of Blue Sky (Acquisition).