FE Battery Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, is starting a 15-line kilometer biogeochemistry survey on its newly optioned Trix Lithium Property. The property is located in the Georgia Lake area. According to the announcement, the survey will collect an estimated 600 samples of tree bark, needles and humus, which be analyzed by Activation Laboratories (Actlab) for the presence of 59 different elements; samples will be evaluated using Actlab’s biogeochemistry 2D-ICPMS method for vegetation ash. The company noted that the survey area was identified based on previous geological investigations of fertile/lithium enriched parent granites in the area as well as the predicted source location of the spodumene-bearing pegmatite boulders. In addition, FE Battery Metal announced a nonbrokered private placement of 2 million flow-through shares resulting in gross proceeds of $1.25 million. The company also noted that it anticipates granting incentive stock options and restricted share units (“RSUs”) to some directors and consultants, in compliance with its stock option plan and RSU plan. Specifically, the company issued 1,500,000 stock options at $0.59 cents per share. According to the announcement, the stock options and RSU’s both vest immediately and are subject to the statutory hold period.
To view the full press release, visit https://ibn.fm/sX7zr
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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