FE Battery Metals Corp. Updates on 2023 Lithium Exploration and New Financing Round

FE Battery Metals Corp., a major entity in the energy metals sector, recently disclosed the findings from its 2023 exploration activities across lithium properties in Quebec's James Bay region. The company's systematic exploration, which included prospecting, mapping, and sampling, marked significant advancements in uncovering lithium-pegmatite targets necessary for future explorations. Initial field tests were conducted using Laser-Induced Breakdown Spectroscopy (LIBS), and noteworthy samples were further analyzed by Activation Laboratories in Ontario, affirming the presence of several promising pegmatites.

During the exploration, notably at the Rose East property, 19 pegmatites were identified where subsequent sample testing showcased lithium along with other rare metals like niobium and rubidium in varying amounts. Similarly, the Rose West and Pontax West properties also evidenced valuable pegmatites with their respective series of examinations revealing several samples with detectable lithium values.

Alongside exploration updates, FE Battery Metals Corp. also announced a non-brokered private placement aimed to raise up to $1,000,000 through the issuance of flow-through shares. This financial endeavour is intended to support general working capital needs and further exploration efforts in Quebec.