FE Battery Metals (CSE: FE) (OTCQB: FEMFF) (WKN: A3D 08G) today announced that it has increased its land claim holdings in the Georgia Lake area in Northwestern Ontario. According to the update, FE Battery Metals now holds 18,000 hectares in the area with the recent addition of approximately 3,000 hectares. In addition, the company announced that it has closed a non-brokered private placement for aggregate gross proceeds of $ 1,500,000. No finder’s fee was paid in connection with the private placement, which consisted of 3,000,000 common shares at a price of $0.50 per share. FE Battery Metals intends to use the net proceeds to finance exploration work on its Augustus Lithium property, as well as for general working capital purposes.
To view the full press release, visit https://ibn.fm/fkdyz
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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