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InvestorNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Reports on High-Resolution MAG Survey, Announces Close of Private Placement
May 3, 2022

InvestorNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Reports on High-Resolution MAG Survey, Announces Close of Private Placement

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has completed a high-resolution, helicopter-borne magnetic survey on its Augustus Lithium Property; the operation was a 660 line kilometer survey flown at 25 meter spacing and focused on the 2021 drilling, trenching and channel sampling areas located in the Augustus and Beluga (Canadian Lithium) prospects. The survey was designed to identify drill targets for further exploration as First Energy Metals works to increase its lithium pegmatite mineralization intersected in surface channel sampling and subsurface drilling. The company noted that the survey data obtained will be integrated with 2021 drilling and surface sampling results and will be shared as soon as available. The company also reported that it has closed on its previously announced nonbrokered private placement; the placement resulted in gross proceeds of $1,394,899.90, which the company plans to use for additional exploration work on its Augustus Lithium property as well as general working capital purposes. According to the announcement, final closing of the transaction and private placement is subject to standard procedures, including obtaining required approvals.

To view the full press release, visit https://ibn.fm/87C82 

About First Energy Metals Limited

First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its 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. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. 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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