QX Resources Limited entered into letter of intent agreement to acquire Liberty Lithium project in California, USA on May 17, 2023. The LOI provides QXR with a 75 day exclusivity period to undertake due diligence and negotiate terms for a potential acquisition of 75% of the project. .

A fee of USD 50,000 will be paid for this exclusive LOI period, which would become a break fee if a transaction was not finalized.