Rose East Lithium Work Program Highlights: Situated approximately 70 km Northeast of
Rose West Lithium Work Program Highlights: Located approximately 40 km west of
LIBS Testing Highlights: Samples collected underwent field testing with a handheld Laser-Induced Breakdown Spectroscopy (LIBS) instrument before being submitted to an independent laboratory. LIBS is a rapid, portable, in situ atomic spectroscopy technique used to measure the concentration of major and trace elements, including lithium. While assay results are pending, preliminary LIBS testing for the Rose East property revealed anomalous lithium values in the range of 100-3,628 parts per million (ppm) Li in the majority of the 57 samples. Similarly, for the Rose West property, out of 21 samples, 17 contained anomalous values of lithium in the range of 100 ppm to 777 ppm Li.
The Company is also pleased to announce it has closed the first tranche of the private placement previously announced on
Final closing of the transaction and private placement is subject to obtaining all required approvals, including from the CSE, and any other regulatory approval. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
ON BEHALF OF THE BOARD OF
FE BATTERY METALS CORP.
"Gurminder Sangha"
CEO & Director
gsangha@febatterymetals.com
(604) 375-6005
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Forward-looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's intentions, plans and future actions described herein and the terms thereon.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
SOURCE
© Canada Newswire, source