GEM - Green Battery Expands Further into Critical Battery Minerals Through Acquisition of Jupiter Lithium Property

May, 04 2023 08:00 AM Goldman Sachs ActiveBeta Emerging Markets Equity

(TheNewswire)

VANCOUVER, BRITISHCOLUMBIA – TheNewswire - May 4th, 2023 – GreenBattery Minerals Inc. ("GEM" or the "Company") (TSXV:GEM ) , ( FSE:BK2P ) , ( WKN:A2QENP ) ( OTC:GBMIF) is pleased to announce it has optioned the “Jupiter LithiumProperty” located (175 km) southeast of Radisson, Quebec, andapproximately 25km from the Eleonore Mine Airstrip.

Tom Yingling, President and CEO ofGreen Battery, states, “This is an exciting move aimed at reducing supply shortages withinthe North American EV battery space. Expanding our explorationactivities to include lithium, one of the most critical elements in aLithium-ion battery (“LiB”), is a natural extension of our currentactivities in graphite. This move is also made to secure our ownsupply of lithium as we progress towards developing the nextgeneration of graphene-based LiBs. These LiBs show great promisecompared to regular LiBs, including higher capacity, shorter chargingcycles, greater longevity, as well as reduced size and lowerweight.”

Mr. Yingling continued, “The Jupiter property isliterally surrounded by some of the biggest lithium deposits in NorthAmerica. The fact that we have up to 33 outcropping pegmatites, withup to 315 ppm lithium sampled on the adjacent property to thesepegmatites, gives us a valid reason to be excited. These pegmatiteshave never been sampled for lithium or REE’s and we look forward toproceeding with an aggressive summer exploration program. Togetherwith the work already done at our graphite projects, GEM is positionedexceptionally well to capitalize on the enormous opportunity createdby the EV revolution”

The Jupiter Property

The Jupiter Property was optioned to explore forLithium (LCT) Pegmatites, and Rare Earth Elements (“REE”). The property is an early-stage explorationopportunity which comprises a total of 122 Quebec mineral explorationclaims which amount to a total of 6406 hectares. Up to 33 pegmatite occurrences have been identified bygovernment mapping completed over the property. Rock samples collectedadjacent to the property returned up to 315ppm lithium. 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 JupiterProperty fulfills the Companies goal of providing additional batteryelements that go into Lithium-Ion batteries.

Property Highlights

The Jupiter property is located within the La Grandegeological sub-province, near the boundary with the Opinaca Subprovince the within a favourable host rock comprising “typicallyporphyritic and magnetic tonalite; with minor injections of pinkpegmatite”.
Up to 33 pegmatite occurrences have been identified bygovernment mapping completed over the property. Rock samples collectedadjacent to the property returned up to 315ppm lithium.
The acquired claims are located over regionallyelevated lake bottom sediment geochemical anomalism for Lithium, withvalues up to 100ppm along the down ice trend of the property.
Float Plane and Helicopter accessible, approximately175 km south of Radisson, and 25 km southwest of the Eleonore Mine andAirstrip. The northern infrastructure corridor comprising ‘Rte de laBaie-James’ provincial highway and three Power transmission lines islocated approximately 35 – 50km east of the property.

Click Image To View Full Size

Figure 1: Jupiter Property Geology and mineral showingsand mapped outcrop. Figure 2 Jupiter Property location and surroundingclaims disposition.

Click Image To View Full Size

Figure 2: Location of the Jupiter Project in relationto other lithium deposits and projects in Quebec

Transaction Terms:

In consideration for optioning the Jupiter Property,the Company has agreed to pay the vendor $50,000 within 5 days ofsigning and an additional $250,000 before October 21, 2024. Inaddition to cash payments, the Optionee agrees to incur $100,000 ofwork expenditures by December 31, 2023 and an additional $500,000 ofwork expenditures by October 21, 2024. The Optionor will retain a 2%NSR, 1% of which can be reduced for $1,500,000 any time prior tocommercial production. The terms of the agreement are subject to theapproval of the TSX-V.

Green Battery Metal Critical MineralsProperty Portfolio:

Berkwood Graphite Project – Quebec. Graphite Project

Jupiter –Quebec. Lithium Pegmatite (LCT, REE) prospect

Stallion –British Columbia. Copper Prophyry, Epithermal Au+Ag prospect

Boudrias –Quebec. Nickel Copper (PGE) prospect

Aboutthe Berkwood Graphite Project

The Berkwood Graphite Project is located within thejurisdiction 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 deposit lies 8 km southwest of MasonGraphite’s deposit which is the subject of a current feasibilitystudy. The Company believes its Zone 1 deposit and that of Mason sharemany similar geological characteristics with the Zone 1 deposit beingone of the highest-grade graphite deposits in the world.

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 1: In-pit Resource at Lac Gueret South Project(rounded numbers)

Click Image To View Full Size

The mineral resource estimates above are described inthe technical report entitled, NI 43-101 Technical Report MineralResource Estimate on the Lac Gueret South Graphite Property, Quebec,Canada. With an Effective date of June 19 th , 2019, datedJune 30 th , 2019, by Edward Lyons, PGeo., Florent Baril, ing., andClaude Duplessis, ing. Link to Report:

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

Qualified Person : Luke van der Meer (P.Geo) is a consultant to the company,is a Qualified Person (“QP”) as defined by National Instrument43-101 guidelines – Standards of Disclosure for Mineral Projects (“NI 43-101”), and has reviewed the technical information of thisnews release. Historical information contained in this news release isderived from previous workers Assessment Reports and has not beenfield verified.

QAQC Comments / References:

The historical sample results described above arederived from public domain datasets freely available online atSIGÉOM. https://sigeom.mines.gouv.qc.ca/signet/classes/I1108_afchCarteIntr?l=A

About Green Battery Minerals

Green Battery Minerals is managed by a team with over150 years of collective experience. The team has a highly successfultrack record of not just finding numerous viable resources, but alsodeveloping these and operating the resulting mines. The Company’smost recent success is discovering the Berkwood graphite deposit inNorthern Québec, a mineral in high demand, driven largely by therapid electrification of vehicles. Green Battery Minerals owns 100% ofthis asset and the Company’s shareholders will benefit from thisasset as the demand for graphite for electric vehicles increasessignificantly.

On Behalf of the Board of Directors

Green Battery Minerals lnc.

‘Thomas Yingling‘

President, CEO & Director

FOR MORE INFORMATION, PLEASECONTACT:

Investor Relations:

or 1-604-343-7740

info@greenbatteryminerals.comwww.greenbatteryminerals.com

Disclaimer for Forward-LookingInformation:

Certain statements in this documentwhich are not purely historical are forward-looking statements,including any statements regarding beliefs, plans, expectations orintentions regarding the future. Forward looking statements in thisnews release include that the Company will carry out the drill programdescribed in this news release, conduct the Offering and expend fundson Berkwood Graphite Projectexploration. 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 Management Discussionand Analysis for its recently completed fiscal period, which isavailable under Company’s SEDAR profile at www.sedar.com. Noassurance can be given that any of the events anticipated by theforward-looking statements will occur or, if they do occur, whatbenefits the Company will obtain from them. These forward-lookingstatements reflect management’s current views and are based oncertain expectations, estimates and assumptions, which may prove to beincorrect. Except as required by law, we will not update theseforward-looking statement risk factors.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

Company Name:	Goldman Sachs ActiveBeta Emerging Markets Equity
Stock Symbol:	GEM
Market:	NYSE

Twitter