The Core Lithium (ASX:CXO) share price slips today

The Core Lithium Ltd (ASX: CXO) share price has been falling today after the company announced a new acquisition this morning. Shares in the company are currently trading 2.27% lower at 22 cents.

What happened

In today’s release, Core Lithium advised it has acquired the right to pegmatite mines in the Northern Territory. The company has an option agreement to acquire the six mineral leases containing more than 30 lithium pegmatite targets. Furthermore, the mines are in close proximity to the company’s Finniss Lithium Project.

The company notes that the mineral leases have a history of tin and tantalum mining. As the company operates a mine close-by it is familiar with the chemistry of the pegmatites (igneous rock on which the…