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
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