FE Battery Metals (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) has provided further details on the most recent acquisition, the Pontax West Lithium Property (“PWL”) as described in the news release dated Oct. 17, 2023. The company recently concluded a work program of prospecting, mapping and sampling with an aim to identify pegmatite targets for further exploration. In addition, FE Battery Metals announced a non-brokered private placement financing for total gross proceeds of up to $1,700,000. The financing will consist of the issuance of up to 1,250,000 common shares, each at a price of $0.40, as well as the issuance of up to 2,666,667 flow-through units at $0.45 per flow-through unit with one half of one warrant valid for two years from the date of closing. Each whole warrant will entitle the holder to purchase an additional common share for a price of $ 0.65 per share. The company intends to use proceeds from the private placement for general working capital and to further exploration efforts on its properties located in Quebec.
To view the full press release, visit https://ibn.fm/Zp2HN
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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