The ground survey will consist of collected up to 600 samples of tree bark, needles, and humus. The survey area has been selected based on previous geological investigations of fertile/lithium enriched parent granites in the area and the predicted source location of the spodumene bearing pegmatite boulders.
The samples will be sent in batches each week to
The Property has since been expanded to encompass approximately 20,000 hectares located in a prolific lithium exploration area where several junior mining companies including Rock Tech Lithium, which has an established Lithium resource and advanced to a Pre-Feasiblity Study. The Trix Property road is accessible and is located 4km south of Rock Tech Lithium's MNW lithium deposit.
Historically,
The spodumene-bearing pegmatites of the
The Company is pleased to announce a non-brokered private placement of 2,000,000 flow-through (FT) shares for gross procesds of $ 1,250,000 by issuing: (i) Quebec FT shares at price of $0.64 cents per share; (ii) National FT shares at a price of $ 0.61 cents per share.
In connection to the above noted non-brokered private placement, a finder's fees may be paid to eligible finders in accordance with the policies of the CSE. Closing of the proposed private placement is subject to obtaining all required approvals, including from the CSE and any other regulatory approval. The securities will be subject to a four-month hold period plus one day under applicable securities laws.
Lastly, FE Battery Metals intends to grant incentive stock options and RSU's ( restricted share units) to certain directors and consultants of the Company in accordance with its stock option plan and RSU plan. A total of 1,500,000 stock options were issued and are exercisable at at price of
ON BEHALF OF THE BOARD OF
FE BATTERY METALS CORP.
"Gurminder Sangha"
CEO & Director
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
SOURCE
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