FE Battery Metals (CSE: FE) (OTCQB: FEMFD) today announced its receipt of an update from SGS metallurgical laboratory, located in Lakefield, Ontario, regarding progress for the ongoing metallurgical testwork on the Augustus Lithium Property. According to the update, the testwork successfully produced a spodumene concentrate with 6.08% lithium oxide (“Li2O”) for the composite samples from the Augustus Property. In addition, the company announced it has closed a non-brokered private placement of 3,707,500 flow-through (“FT”) shares for gross proceeds of $ 2,225,475 by issuing a total of 2,040,000 Quebec FT shares, each at price of $0.625, and 1,667,500 National FT shares, each at a price of $ 0.57. In connection with the private placement, finder’s fees may be paid to eligible parties in accordance with CSE policies. Closing of the proposed private placement is subject to obtaining all required regulatory approvals, including from the CSE.

To view the full press release, visit https://ibn.fm/iCpvv

About FE Battery Metals Corp

FE Battery Metals is focused on identifying, exploring and advancing early-stage lithium pegmatite projects in Canada. The company’s primary efforts have been on exploration projects located in Quebec, with its flagship property being the Augustus Lithium Property. Augustus is located in the immediate vicinity of Val d’Or, Quebec, where several historical prospects and a previously active lithium mine is located within a 10km radius from the property. North American Lithium mine (“NAL”) and Authier are two notable projects in the area that highlight the potential of the Augustus Lithium Property.

NOTE TO INVESTORS: The latest news and updates relating to FEMFD are available in the company’s newsroom at https://ibn.fm/FEMFD

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork