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About Linear Minerals Corp. (FEMFF)
Linear Minerals Corp. (formerly FE Battery Metals Corp.) is a Canadian mineral exploration company dedicated to the acquisition, exploration, and development of high-value energy metal properties. The company's primary focus lies in lithium exploration, a critical component of the rapidly growing energy storage and electric vehicle (EV) industries. Headquartered in Vancouver, British Columbia, Linear Minerals operates with a strategic emphasis on North American mineral prospects, particularly in Quebec, Canada—a region renowned for its rich mineral resources and mining-friendly policies.
Core Operations and Flagship Asset
Linear Minerals holds a 100% interest in the Augustus Lithium Property, located in Landrienne & Lacorne-Townships, Quebec. Spanning over 15,000 hectares and consisting of more than 750 mining claims, this property is situated approximately 40 kilometers northwest of Val-d'Or, a hub for mining activity in the region. The property is strategically positioned near the North American Lithium Mine, owned by Sayona Mining, providing a competitive advantage in terms of infrastructure and geological continuity.
The Augustus Lithium Property has been the focus of extensive exploration activities, including diamond drilling, geophysical surveys, metallurgical test work, and geochemical sampling. These efforts have identified significant spodumene-bearing lithium pegmatites, with drill results consistently indicating high-grade lithium oxide (Li2O) concentrations. In addition to lithium, the property has shown anomalous values of rare metals such as beryllium, cesium, tantalum, niobium, and rubidium, further enhancing its resource potential.
Exploration and Development Expertise
Linear Minerals employs advanced exploration techniques to maximize resource identification and development. The company has completed over 100 diamond drill holes, totaling more than 18,000 meters of cumulative drilling at the Augustus Property. Its exploration programs are meticulously planned, leveraging historical and current geological data to identify high-potential targets. Recent hydrometallurgical test work has successfully produced battery-grade lithium carbonate, demonstrating the property's viability for downstream processing and its alignment with the global battery supply chain.
Strategic Market Position
Operating within the energy metals sector, Linear Minerals is well-positioned to address the increasing demand for lithium, driven by the global transition to renewable energy and electrification. The company's focus on spodumene pegmatites—a primary source of lithium—aligns with market needs for scalable and high-purity lithium extraction. Its location in Quebec offers logistical and regulatory advantages, including access to established mining infrastructure, skilled labor, and proximity to key markets in North America.
Competitive Landscape
Linear Minerals operates in a competitive landscape alongside other lithium-focused exploration companies. Its differentiation lies in the strategic location of its assets, rigorous exploration methodologies, and a diversified portfolio that includes rare metal prospects. By focusing on high-grade lithium resources and employing industry-best practices in quality assurance and control, the company aims to establish itself as a reliable player in the energy metals market.
Commitment to Industry Standards
Linear Minerals adheres to stringent industry standards for exploration and reporting. Its exploration activities are conducted under the supervision of qualified geological consultants, ensuring compliance with National Instrument 43-101—Standards of Disclosure for Mineral Projects. The company also employs accredited laboratories for sample analysis, reinforcing its commitment to accuracy and reliability in resource evaluation.
Conclusion
Linear Minerals Corp. represents a compelling opportunity within the energy metals sector, leveraging its expertise in mineral exploration to address the critical demand for lithium and other rare metals. With a flagship asset in the Augustus Lithium Property and a strategic focus on high-potential North American prospects, the company is poised to contribute significantly to the global energy transition. Its operations exemplify a commitment to excellence, sustainability, and value creation in the mining industry.
Linear Minerals Corp. (FEMFF) has announced significant drilling results from its Augustus Lithium Property in Quebec, Canada. Drill Hole LC24-90 has intersected three spodumene-bearing lithium pegmatites with grades exceeding 1% lithium oxide (Li2O):
- Number 1 Pegmatite: 1.07% Li2O over 5.50 metres at 66.2m depth
- Number 2 Pegmatite: 1.00% Li2O over 5.30 metres at 85.8m depth
- Number 3 Pegmatite: 1.05% Li2O over 3.50 metres at 98.0m depth
The drill hole also revealed anomalous values of rare metals including beryllium, cesium, niobium, tantalum, and rubidium. A separate intercept showed elevated nickel values averaging 1906 ppm over 3.0 metres. The 2024 drill program included 11 drill holes totaling 1,558 metres, bringing the property's total to 100 drill holes covering 18,165.64 metres.
FE Battery Metals Corp. (CSE:FE)(OTCQB:FEMFF) announced its upcoming name change to Linear Minerals Corp. The company's shares will begin trading under the new symbol LINE on the CSE effective December 31, 2024. The new CUSIP will be 53567A101 and ISIN number CA53567A1012. The company's share capital structure remains unchanged during this transition.
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.
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.
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.
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.
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.
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.
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