Champion Electric Metals Inc. announced that the Company has mobilized its US technical team to the Twin Peaks cobalt project to commence the 2023 field program in the Idaho Cobalt Belt. The campaign will begin with geologic mapping and rock sampling in conjunction with a reconnaissance stream sediment sampling program. Contemporaneous geologic mapping and selective rock sampling along drainages will serve as first systematic traverses across the Twin Peaks property.

In addition to cobalt, this rigorous recon program will also map the concentrations of base and precious metals in this fertile belt. Areas for more comprehensive geologic mapping will be prioritized based on observations made along these traverses, in conjunction with results from the just-com completed drone-based aeromagnetic survey, and on geochemical results from rock and stream sediment samples. The Twin Peaks Project.

includes both the historical Twin Peaks copper mine and the Badger Basin prospect. The property is at an early stage of exploration but located approximately 3 kilometres southeast from Electra Battery Metals' advanced exploration stage Iron Creek Project, which boasts an indicated resource of 4.4 Mt grading 0.19% cobalt (Co) and 0.73% copper (Cu) and 1.2 Mt grading 0.08% Co and 1.34% Cu in the inferred category (NI 43-101 Technical Report and Mineral Resource Estimate for the Iron Creek Cobalt-Copper Property, Lemhi County, Idaho, USA). Further, proximity to projects containing cobalt-copper resources offers no assurance that the rock types or resources reported by Electra, Jervois and others will extend onto the Projects; nor should such proximity be assumed to imply similarity to mineralization and results reported by other companies in the district.