STOCK TITAN

FE BATTERY METALS CORP - FEMFF STOCK NEWS

Welcome to our dedicated page for FE BATTERY METALS news (Ticker: FEMFF), a resource for investors and traders seeking the latest updates and insights on FE BATTERY METALS stock.

FE Battery Metals Corp (FEMFF) is a Canadian mineral exploration company focused on acquiring a multi-commodity mineral property portfolio in North America. The company specializes in precious metal, base metal, and industrial metals sectors, with recent significant findings at the Augustus Lithium Property in Quebec. FE Battery Metals aims to identify, acquire, and explore mineral prospects to enhance its 3D resource model and expand lithium mineralization footprint.

Rhea-AI Summary

FE Battery Metals Corp. has launched its 2024 winter diamond drilling program at the Augustus Lithium Property in Quebec's Val-d'Or area. The initial phase includes 1,000 to 1,500 meters of NQ size diamond drilling, with potential for extension. The program focuses on step-out drilling at the main Augustus zone and exploring new targets near the North American Lithium Mine.

Additionally, the company has entered an option agreement for the Lac Coulombe property, comprising 89 mineral claims covering 5,336 hectares near Quebec City. The agreement includes issuing 1 million shares and spending $1.5 million in exploration over two years, with the optionor retaining a 1.0% GMR from future production.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.62%
Tags
none
-
Rhea-AI Summary

FE Battery Metals Corp. (OTCQB:FEMFF) has closed the first tranche of its previously announced non-brokered private placement. The company has issued 8,750,000 flow-through common shares at $0.08 per share, raising gross proceeds of $700,000. FE Battery Metals will pay 6% in finders' fees, totaling $42,000. The securities issued are subject to a four-month statutory hold period. The company plans to use the proceeds for general working capital and further exploration of its properties in Quebec. The private placement's final closing is pending required approvals, including from the CSE.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.58%
Tags
private placement
-
Rhea-AI Summary

FE Battery Metals Corp (CSE:FE)(OTCQB:FEMFF) has announced a proposed non-brokered private placement to raise up to $1,000,000. The offering includes:

  • Up to 8,750,000 flow-through common shares at $0.08 per share for $700,000
  • 4,285,714 hard dollar common shares at $0.07 per share for $300,000

A 6% finder's fee will be paid to eligible finders. The private placement is subject to regulatory approvals, including from the CSE. Securities issued will have a four-month hold period plus one day. Proceeds will be used for general working capital and further exploration of properties in Quebec.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.21%
Tags
private placement
Rhea-AI Summary

FE Battery Metals (CSE:FE) has received an exploration work permit from Quebec's Ministry of Natural Resources and Forests for its Augustus Lithium Property. The company has commenced its 2024 exploration program, which includes trenching, stripping, and channel sampling focused on lithium anomalies identified in 2023. New soil sampling grids will also be established to identify further lithium exploration targets. The field crew is set to mobilize by mid-September 2024.

The company owns 100% interest in the Augustus Lithium Property, which consists of over 750 mining claims covering 15,000 hectares in Landrienne & Lacorne-Townships, Quebec. FE Battery Metals has prepared a work plan to advance its exploration efforts with further surface work and diamond drilling.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

FE Battery Metals announced positive lab results for producing battery-grade lithium carbonate with 99.95% purity from its Augustus Lithium Project. This achievement was realized through an eight-step hydrometallurgical process conducted by SGS Canada. The process involved calcination, roasting, and purification steps, resulting in a high recovery rate of 74% lithium.

Additionally, FE Battery Metals acquired 47 mineral claims in Quebec, promising for rare earth metals and uranium exploration. The acquisition involves issuing 1,000,000 shares and $1,000,000 exploration expenditures over two years, with a 1% Gross Metal Royalty on commercial production.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.84%
Tags
none
-
Rhea-AI Summary

FE Battery Metals Corp. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of up to $1,000,000. The Company issued 1,739,130 common shares at $0.23 per share, generating $400,000 in proceeds. In addition, 6% in finders' fees of $23,400 were paid. The funds raised will be utilized for general working capital and further exploration efforts in Quebec. The Company also granted incentive stock options to certain individuals to purchase up to 1,200,000 common shares at $0.18 per share.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
Tags
none
Rhea-AI Summary
FE Battery Metals Corp. reports promising results from the 2023 exploratory drill program at its Augustus Lithium Property in Quebec, Canada. Drill hole LC23-88 intersected three spodumene-bearing lithium pegmatites, with the top pegmatite showing 1.18% Li2O over 3 meters, the middle pegmatite showing 1.18% Li2O over 1 meter, and the bottom pegmatite showing 1.05% Li2O over 8.75 meters. Anomalous values of rare metals such as beryllium, cesium, niobium, tantalum, and rubidium were also observed, indicating significant mineralization potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
Tags
none
-
Rhea-AI Summary
FE Battery Metals Corp. (FEMFF) provides an update on its 2023 exploration work on lithium projects in Quebec, highlighting significant findings on multiple properties. The company identified promising lithium-pegmatite targets through extensive prospecting and sampling efforts. The Rose East, Rose West, and Pontax West properties showed anomalous lithium values, with potential for further exploration in 2024. Additionally, the company announced a non-brokered private placement financing of up to $1,000,000 to support its exploration activities and general working capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.1%
Tags
none
-
Rhea-AI Summary
FE Battery Metals Corp. announces positive drilling results at Augustus Lithium Property in Quebec, Canada. Drill hole LC23-87 intersected a spodumene bearing lithium pegmatite at 1.01% lithium oxide over 8 meters. Anomalous values of rare metals were also found. The drill program was contracted to Forage Hebert Inc. Drilling.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
FE Battery Metals Corp. (CSE:FE)(OTCQB:FEMFF)(WKN:A2JC89) has received assay results from a large soil geochemistry program at its Augustus Lithium Property in Quebec, Canada. A total of 995 samples were collected from grid sampling on six select areas, revealing anomalous lithium values indicating great potential for new LCT pegmatite target areas for further exploration. The revealed trends show potential for new discoveries in the lithium exploration sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
none

FAQ

What is the current stock price of FE BATTERY METALS (FEMFF)?

The current stock price of FE BATTERY METALS (FEMFF) is $0.0426 as of December 20, 2024.

What is the market cap of FE BATTERY METALS (FEMFF)?

The market cap of FE BATTERY METALS (FEMFF) is approximately 2.2M.

What is FE Battery Metals Corp focused on?

FE Battery Metals Corp is focused on acquiring a multi-commodity mineral property portfolio in North America.

Where is the Augustus Lithium Property located?

The Augustus Lithium Property is located in Quebec, just 33km north of Val-d'Or, adjacent to Canada's largest lithium mine.

What are some key highlights of FE Battery Metals Corp's exploration efforts?

FE Battery Metals Corp has revealed remarkable lithium oxide concentrations at the Augustus Lithium Property, with values ranging from 0.30% to 1.43%.

How many diamond drilling holes have been completed by FE Battery Metals Corp?

To date, the company has completed 14,448.59 meters of diamond drilling across 79 NQ size holes.

Who is the CEO of FE Battery Metals Corp?

Mr. Gurminder Sangha serves as the CEO of FE Battery Metals Corp.

What is the focus of FE Battery Metals Corp's recent hydrometallurgical testwork?

FE Battery Metals Corp conducted hydrometallurgical testwork to produce battery-grade lithium carbonate from spodumene concentrate at its Augustus Lithium Project.

What was the outcome of FE Battery Metals Corp's hydrometallurgical testwork?

The successful testwork resulted in the production of high-purity lithium carbonate through an optimal hydrometallurgical process.

What recent acquisition has FE Battery Metals Corp made?

FE Battery Metals Corp acquired 47 mineral claims covering approximately 2,759.80 hectares of land in Quebec, promising for rare earth metals and uranium exploration.

FE BATTERY METALS CORP

OTC:FEMFF

FEMFF Rankings

FEMFF Stock Data

2.25M
50.27M
4.4%
0.05%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver