Canadian Orebodies Inc. (TSX VENTURE:CO) reported that the company has entered into an Option Agreement with Ultra Lithium Inc. and the underlying property owners to acquire an 80% legal and beneficial interest (subject to a 2% NSR retained by the Owners, 50% of which can be purchased by Orebodies for $1,000,000) in the Zigzag Lithium, Tantalum, Beryllium, Gallium property.

The press release is quoted as saying:

The Property is tied directly onto Linear Metals Corp. (TSX:LRM) Seymour Lake Lithium/Tantalum/Beryllium property and is in the general area of Orebodies' Falcon and Despard Lithium properties.

Click here to access the entire press release ^[1]

Click here to access Canadian Orebodies Corporate Site ^[2]