FE BATTERY METALS CORP - FEMFF STOCK NEWS

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.

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.

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.

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.

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.

FE Battery Metals Corp. announces significant findings from its exploration efforts at the Augustus Lithium Property in Quebec, revealing remarkable lithium oxide concentrations in the basement rocks.