FEMFF - InvestorNewsBreaks - FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) Announces Exploration Update on Quebec Lithium Projects Private Placement
FE Battery Metals (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89), a leading player in the energy metals sector, has announced the results of its 2023 exploration campaign on its properties in the prospective James Bay region. According to the announcement, the extensive work effort, encompassing prospecting, mapping and sampling, aimed to identify lithium-pegmatite targets for further exploration, a critical step in advancing the company’s lithium exploration initiatives in the northern Quebec. Samples collected during the program underwent field testing and selected samples were submitted to Activation Laboratories ("ACTLABS"), Ancaster, Ontario, for analysis. The laboratory analysis has confirmed several promising pegmatites, which will need a detailed follow-up work program.
In addition to the exploration update, the company announced a non-brokered private placement financing for total gross proceeds of up to $1,000,000. The financing will consist of the issuance of up to 4,347,826 flow-through shares, each at $0.23. Closing of the proposed private placement is subject to obtaining all required approvals, including from the CSE and any other regulatory approval. All securities issued per the private placement will be subject to a four-month hold period plus one day under applicable securities laws.
To view the full press release, visit https://ibn.fm/tVCBS
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 the Authier Project 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 FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
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