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VANCOUVER, BRITISH COLUMBIA – TheNewswire - February 23rd, 2023 GREEN BATTERY MINERALSINC. ( the “Company” ) (TSXV:GEM ) , ( FSE:BK2P ) , ( WKN:A2QENP ) ( OTC:GBMIF) is pleased to announce the acquisition of 1,1622.30hectares of mineral claims semi-contiguous to the Berkwood GraphiteProject (“Berkwood”), located in Northern Quebec. In considerationfor 100% interest in the new claims, the Company has agreed to issueto the property vendor a warrant to purchase up to 613,000 commonshares, exercisable at the price of $0.09 per share for three yearsfrom the approval date. This is an arm's length transaction,and there are no finders' fees payable. The terms of this transactionare subject to regulatory approval. The securities to be issued willbe legend with the required four months plus one day from issuance.
Table 1: New Claims List.
The Company purchased these new claims as they aresemi- contiguousto the Companies Berkwood Project. The Berkwood Project featuresmultiple graphite deposits and outcrops. Thenewly acquired claims also have similar geological and geophysicalfeatures as Berkwood, and sampling has produced high-grade Graphite atthe surface. The properties are road accessible with excellentinfrastructure nearby.
Tom Yingling, President and CEO ofGreen Battery, states, “ Iam pleased to announce the acquisition of these new Graphite claims,as our goal is to expand our Graphite property land holdings inQuebec. These new claims have been added to the Company's landholdings because they are 100% owned, road accessible, and havesimilar geological and geophysical features as our Berkwood Graphiteproject. The Company has a 43-101 Graphite resource estimate ofindicated and inferred of3.2 million tonnes on its Berkwood Graphite project, and these new claims aresemi-contiguous to it.”
Qualified Person : Luke van derMeer (P.Geo) is a Qualified Person (“QP”) as defined by NationalInstrument 43-101 guidelines, and he has reviewed and approved thetechnical content of this news release.
About the Company: GreenBattery Minerals is managed by a team with over 150 years ofcollective experience with a proven track record of not just findingnumerous mines but building and operating them as well. The GreenBattery Minerals management team’s most recent success isdiscovering the Berkwood graphite deposit in Northern Québec. GreenBattery Minerals owns 100% of this asset and the Company’sshareholders will benefit from this asset as the demand for graphitefor electric vehicles increases significantly.
The current mineral resource at the Berkwood Graphite Project includesin-pit constrained resource totalling 1,755,300 tonnes of indicatedresources at 17.00 % Cgr and 1,526,400 tonnes in inferred resources at16.39 % Cgr.
In-pit Resource at Lac Gueret South Project (roundednumbers)
The mineral resource estimates above are described in the technicalreport entitled, NI 43-101 Technical Report Mineral Resource Estimateon the Lac Gueret South Graphite Property, Quebec, Canada. With anEffective date of June 19 th , 2019, dated June 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
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.com www.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 Project exploration. It is important to note thatthe 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.
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