Financial News
InvestorNewsBreaks – FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFD) Signs Agreement for Georgia Lake Lithium Claims Acquisition
FE Battery Metals (CSE: FE) (OTCQB: FEMFD), a publicly traded Canadian mineral exploration company, has entered an option agreement to acquire 100% interest in the Trix lithium property in the Georgia Lake area in northwestern Ontario. Comprised of an estimated 15,000 hectares, the property is located in a prolific lithium exploration area that includes various junior mining companies including Rock Tech Lithium; the Trix property road is located some four kilometers south of Rock Tech Lithium’s MNW lithium deposit. According to the agreement, FE Battery Metals may acquire 100% interest in the property through a $200,000 cash payment along with the issuance of 2,500,000 shares and conducting $750,000 in exploration work over three years. “Due diligence sampling was undertaken in the claim region in the fall of 2022 and multiple assays returned over 1.0% lithium oxide (Li2O) with a high of 5.48% Li2O,” said FE Battery Metals CEO and director Gurminder Sangha in the announcement. “The company intends to carry out extensive surface sampling and other exploration work to find the source of the high-grade lithium occurrences.”
To view the full press release, visit https://ibn.fm/6Mowo
About FE Battery Metals Corp.
FE Battery Metals is a Canadian mineral exploration company with a primary focus of acquiring mineral properties in the battery metal sector. The company’s goal is to identify, acquire and explore North American mineral prospects with a primary focus on lithium. The company’s strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. For more information about the company, please visit www.FirstEnergyMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
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
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.