GEM:CC - Biden Sharply Hikes US Tariffs on Chinese Imports Jupiter Lithium Project Update

(TheNewswire)

Green Battery Minerals controls aNorth American graphite resource with ESG-friendly potential.

June 14, 2024, TheNewswire, VANCOUVER, B.C. Green Battery Minerals Inc.(" Green" or the "Company") (TSX-V: GEM, FSE:BK2P, WKN: A2QENP OTC: GBMIF) announces that theWhite House stated President Biden has signed an Executive Orderestablishing a 25% tariff on Chinese imports, including naturalgraphite.  The Tariffs on natural graphite will increase from 0% to25% in 2026.

US President Joe Biden is hiking tariffs on Chinese imports, includingbatteries and critical minerals, in a bid to bolster domesticmanufacturing in critical industries.

A step President Biden previously announced to raise tariffs on some steeland aluminum products will take effect this year, the White Housesaid. The changes are projected to affect around $18 billion incurrent annual imports.

“China’s forced technology transfers and intellectual propertytheft have contributed to its control of 70, 80, and even 90% ofglobal production for the critical inputs necessary for ourtechnologies, infrastructure, energy, and healthcare—creatingunacceptable risks to America’s supply chains and economicsecurity.”

The tariff rate on lithium-ion EV batteries will increase from 7.5% to25% in 2024, while the tariff rate on lithium-ion non-EV batterieswill increase from 7.5% to 25% in 2026. The tariff rate on batteryparts will increase from 7.5% to 25% in 2024.

The tariff rate on natural graphite and permanent magnets willincrease from zero to 25% in 2026. The tariff rate for certain othercritical minerals will increase from zero to 25% in 2024.

The United States imported $427 billion in goods from China in 2023and exported $148 billion to the world’s No. 2 economy, according tothe US Census Bureau.

The western world relies on China’s graphite as theycontrol most of the world’s graphite production. Electric vehicleand battery manufactures are making considerable investments toreplace the existing supply chains of graphite.   We have started tosee auto-manufacturers and battery manufactures invest in Canadianmining projects to secure North American based ESG friendly sources ofEV battery minerals.  Battery makers are expected to continue toinvest in exploration and or near producing mining Companies to securecompetitive and environmentally responsible battery minerals.

Benchmark MineralIntelligence states that on aggregate97 more natural graphite mines will be needed by the year 2035 inorder to meet demand for the EV market.  Benchmark Mineral also predicts that the natural Graphite market is setto enter a deficit in 2025, for the first time since 2017, as supplyfails to keep pace with rising demand for electric vehicles.

2023 Jupiter Lithium GeochemicalResults.

The inaugural exploration program locatedmultiple previously undocumented pegmatite bodies on the Jupiterproperty and re-visited approximately half the historically observedpegmatites. These coarse-grained pegmatites were found to be up to 30m wide and many extended along strike for 100’s of meters.

A total of 51 samples were collected from pegmatitic outcrops acrossthe property, including samples from at least 10 discrete mappablepegmatite dyke-like structures to the north of the property. Fieldobservation indicates multiple distinct generations of pegmatite arepresent, though as yet no definitive LCT (lithium, cesium andtantalum) type Pegmatites were observed during the rock chip samplingprogram. However, several favorableindicators motivate for continued exploration.

The 51 samples collected were submitted to SGS Laboratories inVal-d'Or Quebec to be analyzed via four acid 54 element analysis -sodium peroxide fusion, ICP-AES / ICP-MS analysis including Li, Cs& Ta. Based on the assay results recently received, no substantiallithium mineralization was encountered in any of the samples.Additional consideration and examination of the results is beingpursued to determine potential vectors to mineralization elsewhere onthe property.

Click Image To View Full Size

Figure 1: 2023 Rock sampleLocations, Jupiter Property Claims Disposition and PegmatiteDescription across the local district.

About the Jupiter Property

The Jupiter Property was optioned to explore for Lithium bearingLithium-Cesium-Tantalum (“LCT”) Pegmatites and for potential RareEarth Elements (“REE”) deposits. The property is an early-stageexploration opportunity which comprises a total of 122 Quebec mineralexploration claims which amount to a total of 6,406 hectares. Up to 33pegmatite occurrences were identified by historical governmentmapping. These claims are strategically located within the James Baylithium prospectivity area within which are the Nemaska Lithium, JamesBay Lithium and Rose Critical Elements deposits. The Jupiter Propertymeets the Company’s goal of discovering deposits that host theelements critical to Lithium-Ion batteries.

Property Highlights

• The Jupiter property is located within the La Grande geologicalsub-province in an area known to comprise porphyritic and magnetictonalites characterised by later injections of pink pegmatite.

• Up to 33 pegmatite occurrences have been identified by governmentmapping completed over the property.

• The Jupiter claims are located over regionally elevated lake bottomsediment geochemical anomalism for Lithium, with values up to 100ppmalong the down ice trend of the property.

• Float Plane and Helicopter accessible, approximately 175 km south ofRadisson, and 25 km southwest of the Eleonore Mine and Airstrip. Thenorthern infrastructure corridor comprising ‘Rte de la Baie-James’provincial highway and three Power transmission lines are locatedapproximately 35 – 50km east of the property.

Green Battery Metal Critical MineralsProperty Portfolio:

• Berkwood Graphite Project – Quebec. Graphite Project

• Jupiter – Quebec. Lithium Pegmatite (LCT) prospect

• Stallion – British Columbia. Copper Porphyry, Epithermal Au+Agprospect

• Boudrias – Quebec. Nickel Copper (PGE) prospect

About the Berkwood GraphiteProject

The Berkwood Graphite Project is located withinthe jurisdiction of Quebec, in the Manicouagan Regional CountyMunicipality, three hours driving time from the city of Baie-Comeau.Easy access is provided via a major secondary road and numeroustertiary and forest roads that traverse the property.

The Zone 1 resource lies 8 km southwest ofNouveau Monde’s deposit which has a $3.5 billion NPV on it. TheCompanies Zone 1 resource, and that of Nouveau Monde, share manysimilar geological characteristics, with the Zone 1 resource being ofexceptionally high grade and coarse flake size by global standards.

The current mineral resource at the Berkwood GraphiteProject includes in-pit constrained resource totalling 1,755,300tonnes of indicated resources at 17.00 % Cgr and 1,526,400 tonnes ininferred resources at 16.39 % Cgr.

Table 2: In-pit Resource at LacGueret South Project (rounded numbers)

Current Resources (as of June17 th , 2019)

The mineral resource estimates above are described inthe technical report entitled, NI 43-101 TechnicalReport Mineral Resource Estimate onthe Lac Gueret South Graphite Property, Quebec, Canada. With anEffective date of June 30th, 2019, by Edward Lyons, PGeo., FlorentBaril, ing., and Claude Duplessis, ing.

Link to Report:

https://greenbatteryminerals.com/wp-content/uploads/ReportFINAL_compressed.pdf

QAQC Comments: All samples were collected by typical field methods according to CIMbest practices, selected samples were collected by representative rockchips into numbered samples bags, a CRM sample was inserted at a ratioof 1 sample in 20 to the sample batch, field duplicates wereadditionally collected to confirm the outcrop geochemistry. Allsamples were submitted to SGS laboratories, results are currentlypending.

Qualified Person: TroyMarfeet., P.Geo., (OGQ #0075242) . of Axiom Exploration Services, an independentQualified Person as defined by Canadian NI 43-101 standards, hasreviewed, and approved the geological information reported in thisnews release.

About the Company: Green Battery Minerals is managed by a team with over 150years collectively with a proven track record of not just findingnumerous mines but building and operating them too. The Green BatteryMineral management team’s most recent success is discovering theBerkwood graphite resource in Northern Quebec. Green Battery Mineralowns this asset 100 percent, and the Company’s shareholders willbenefit from this asset as the demand for Graphite for electricvehicles increases significantly.

On Behalf of the Board of Directors

Green Battery Minerals lnc.

‘Thomas Yingling’

President, CEO & Director

2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B4W8
Phone: (438) 469-0705

#1100 - 1111 Melville Street, Vancouver , BC, V6E 3V6
Phone: (604) 343-7740

FOR MORE INFORMATION, PLEASECONTACT:

Investor Relations: info@greenbatteryminerals.com or1-604-343-7740

Website: www.greenbatteryminerals.com

Disclaimer for Forward-LookingInformation: Certainstatements in this document which are not purely historical areforward-looking statements, including any statements regardingbeliefs, plans, expectations or intentions regarding the future.Forward looking statements in this news release include that theCompany will carry out the drill program described in this newsrelease, conduct the Offering and expend funds on Berkwood GraphiteProject exploration. It is important to note that the Company's actualbusiness outcomes and exploration results could differ materially fromthose in such forward-looking statements. Risks and uncertaintiesinclude that further permits may not be granted timely or at all; themineral claims may prove to be unworthy of further expenditure; theremay not be an economic mineral resource; methods we thought would beeffective may not prove to be in practice or on our claims; economic,competitive, governmental, environmental and technological factors mayaffect the Company's operations, markets, products and prices; ourspecific plans and timing drilling, field work and other plans maychange; we may not have access to or be able to develop any mineralsbecause of cost factors, type of terrain, or availability of equipmentand technology; and we may also not raise sufficient funds to carryout our plans. Additional risk factors are discussed in the sectionentitled "Risk Factors" in the Company's ManagementDiscussion and Analysis for its recently completed fiscal period,which is available under Company's SEDAR profile at www.sedar.com .  No assurance can be given that any ofthe events anticipated by the forward-looking statements will occuror, if they do occur, what benefits the Company will obtain fromthem.  These forward-looking statements reflect management's currentviews and are based on certain expectations, estimates andassumptions, which may prove to be incorrect. Except as required bylaw, we will not update these forward-looking statement risk factors.Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this NewsRelease.

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