FE Battery Metals (CSE: FE) (OTCQB: FEMFD), a publicly traded Canadian mineral exploration company, has entered into an option and joint venture (“JV”) agreement with Infini Resources. The agreement outlines how Infini Resources could earn a 100% interest in 255 lithium claims located in Quebec. According to the announcement, FE Battery Metals holds more than 700 claims in the Abitibi region in Quebec; the company also plans to advance exploration efforts on the Augustus and Canada Lithium showings, which are directly adjacent to the NAL Mine currently owned by Sayona Mining Inc. The company anticipates sharing additional details regarding its 2023 exploration program at Augustus Lithium in the future. The announcement also noted that, based on the option agreement, Infini Resources has opted to earn an initial 50% interest by making an initial cash payment of AUD$550,000; once that option is exercised, a JV would be formed between FE Battery and Infini Resources to advance the project. “We are excited to enter into this option agreement with Infini Resources and look forward to exploring new areas of our large land package alongside Infini Resources,” said FE Battery Metals CEO and director Gurminder Sangha in the press release. “FE will continue to focus its exploration efforts on its core claim group with hosts the Augustus and Canada Lithium showings.”
To view the full press release, visit https://ibn.fm/ctliT
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. It’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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