TradingCharts
2 years ago
FE Battery Metals (CSE:FE) (OTCQB:FEMFD) is a Canadian mineral exploration company with a focus on locating, acquiring, and investigating mineral prospects in North America for industrial, base, and precious metals.
On November 8, FE Battery Metals announced results from drill hole LC22-39 from the Phase 2 exploratory drill program at its 100% owned Augustus Lithium Property in Quebec, Canada. According to the results, drill hole LC21-39 intersected three lithium pegmatites, with the main 7.3 m wide pegmatite zone averaging 1.54% lithium oxide (Li2O) at 188.7m drilled depth.
The drill program is based on the historical and 2021 Phase 1 exploration data as well as the company's surface trenching and sampling program results. Several historical drill hole collars were also located on the Property, which helped in the current program's location and orientation of drill holes. A B-20 drill rig is deployed for this work, which can drill up to a 1,000-meter-deep hole. To date a total of 42 drill holes with a cumulative core drilling of over 7,500 m has been completed on the Property.
In October, FE Battery Metals announced the results of drill holes LC21-33 to 37 at Augustus. Among the highlights of the results was drill hole LC21-35 intersecting an 11.20-meter-wide zone with 0.91% lithium oxide (Li2O) at 146 meters, including a 5 meter zone with 1.03% Li2O at 146 meters and 3.2 meter with 1% Li2O at 154 meters. This drill hole also has a lower seven meters wide zone with 0.54% Li2O at 165 meters drilled depth and several other smaller intercepts with variable lithium grades.
The company also recently announced a corporate restructuring to spin off assets related to its current exploration properties located in Quebec and Ontario into a wholly-owned subsidiary. According to the company, each FE Battery Metals shareholder will receive one common share of Spinco for every post-consolidation share held.
FE Battery Metals also has completed a non-brokered private placement for gross proceeds of up to $1.5 million by issuing roughly 6.7 million shares at a price of $0.225.
For more information about FE Battery Metals Ltd (CSE:FE) (OTCQB:FEMFD), click here.
Companies Are Advancing Critical Minerals Projects
https://www.prnewswire.com/news-releases/us-government-gives-grants-worth-2-8b-to-build-up-ev-batteries-supply-chain-301671454.html
TradingCharts
3 years ago
First Energy Metals Drills 1.47 Percent Lithium Oxide Over 4 Meters at Augustus Lithium Property
VANCOUVER, BC, Aug. 17, 2021 /CNW/ - First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) ("First Energy" or the "Company) is pleased to announce results of drill hole LC21-05 at its Augustus Lithium Property in Quebec, Canada. Drill hole LC21-05 was drilled at the Canadian Lithium Prospects, at location: 284773E, 5368325N (NAD 1983 UTM Zone 18N), Azimuth 39.6 degrees, Dip 41.7 degrees with a total NQ size core drilling depth of 168m.
Drill Hole LC21-05 Highlights (see Table 1 for details)
A four-meter-wide zone with 1.47 percent (%) lithium oxide (Li2O) at 11.5 metres (m) depth.
A three-meter-wide zone with 0.56% Li2O at 32m depth, including one-meter-wide zone with 1.14% Li2O at 33m depth.
Note: All intersections reported are based on drilled width and have not been converted to the true width.
https://www.newswire.ca/news-releases/first-energy-metals-drills-1-47-percent-lithium-oxide-over-4-meters-at-augustus-lithium-property-815699592.html
TradingCharts
3 years ago
First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Continues To Release Lithium Drill Results As Lithium Demand Continues to Grow Globally
August 16, 2021
Company reported various lithium oxide volumes at LC21-22 and LC21-003 drill holes
The drilling showed irregular values of rare metals, including niobium, rubidium, tantalum, beryllium, cesium, and iron
Analysis of the samples is done through a process called Code Ultratrace 7 using Peroxide Fusion, ICP, and ICP/MS
First Energy Metals granted incentive stock options to certain directors, officers, and consultants to purchase up to 900,000 common shares under the Stock Options Plan, exercisable for five years at a price of $0.25 per share
Global Li-ion Battery Market to Reach $80.5 Billion by 2024
https://www.linkedin.com/feed/update/urn:li:activity:6833081281127960576/
TradingCharts
3 years ago
ADVISORY BOARD
Lee Beasley
Mr. Beasley is an exploration Geologist with experience in planning, executing, and supervising exploration activities for regional prospecting, geochemical sampling, mapping, drill planning, drill rig management, and project generation. Mr. Beasley managed and oversaw the drilling program at Piedmont Lithium’s North Carolina project for three years. He planned and supervised 350+ drill holes and over 50,000 meters, ultimately building the resource to over 25 million tons and a 30-year mine life for the project. . Mr. Beasley holds a Bachelor of Science Degree and a Master of Science Degree from Auburn University and is a Certified Professional Geologist through American Institute of Professional Geologist. Lee’s previous work experience includes Senior Project Geologist at Piedmont Lithium and numerous junior and mid major mining companies.
https://www.firstenergymetals.com/en/corporate/advisory-board/
TradingCharts
3 years ago
DIRECTORS & MANAGEMENT
Gurminder Sangha
Chief Executive Officer and Director
Mr. Sangha is experienced in the financial industry with a particular focus of providing advisory services to both private and publicly traded companies. He brings over 18 years of diverse experience related to financial management, business leadership, and corporate strategy. While serving as a board member of various publicly traded listed companies he has led initiatives related to corporate finance, business development, and corporate governance. Mr. Sangha holds a MBA from both Queens University and Cornell University.
Jurgen Wolf
Chief Financial Officer and Corporate Secretary
Mr. Wolf has been involved in the oil and gas industry for more than 15 years, assisting public companies with investor relations and administration. Mr. Wolf was educated in Germany and immigrated to Canada in 1953. From 1958 to 1982 he operated and owned pre-cast concrete factories in Calgary and Vancouver, and from 1982 to 2002 he operated and owned J.A. Wolf Projects, Ltd., a commercial construction company. Mr. Wolf was President and a director of former US Oil and Gas Resources Inc., which amalgamated to form Petrichor Energy Inc. in 2005. Mr. Wolf is a director of several public companies.
Mr. Craig Alford(P.Geo)
Director
Mr. Alford holds both a Bachelor of Science (Hons) and a Master of Science in Geology. He is a registered Professional Geoscientist (P.Geo) in Ontario and is a Qualified Person, as defined in National Instrument 43-101. During his 30 years of experience worldwide, Mr. Alford has designed, managed and provided technical direction for projects throughout North and South America, China, Central Asia, Russia, Australia and Africa. Mr. Alford’s experience has included senior positions for a number of large mining companies including, Zijin Mining Group, China Railway, and Teck Mining Ltd.
Mr. Alford’s tenure with the Zijin Mining Group he was part of the team that was responsible for an approximate $80 million investment in Pretium Resources Inc. Pretium now has production targeted for its Northern BC, Canada site in 2017. The other major investments Mr. Alford was involved with at Zijin was the $298 million investment into Barrick Gold Porgera mine and the $412 million investment into Ivanhoe Mines Ltds’ Kamoa Copper Project. The Kamoa project is expected to be one of the biggest copper mines in the world. He has directly negotiated with several Heads of State, as well as assisting the World Bank and the China-Africa Development Fund in tax policy, planning and investment risk.
Jason Grewal
Director
Mr. Grewal is a solicitor in England and Wales and admitted as an attorney in the state of New York. He has studied law at the London School of Economics, and holds a law degree from the University of London, an LLM in international business law from the IE Law School in Madrid and an MSc in global finance from Cass Business School in London. He has experience working in Canada, the United States and the United Kingdom, and in Europe. He has advised on various capital market transactions in various jurisdictions, and has experience working with both international law firms and multinational corporations.
Jodie Gibson
Director
Mr. Gibson is an exploration geologist with over 14 years mineral exploration experience throughout the North American Cordillera from Alaska to Mexico; including syngenetic and epigenetic precious and base metal systems. He was the Project Manager of the Underworld Resources Inc. exploration team that discovered and defined the Golden Saddle and Arc deposits. These assets were subsequently sold to Kinross in 2010 for $139 million. Prior to joining the Company, Mr. Gibson was serving as Vice President Exploration for White Gold Corp where he oversaw over $30 million in exploration activities over the previous three years with highlights including expansion of the Golden Saddle and Arc deposits and five new discoveries across the White Gold district: including the high-grade Vertigo discovery on the JP Ross property.
Jodie was recognized as the 2020 Yukon Prospector of the Year. Mr. Gibson holds a Bachelor of Science Degree and a Master of Science Degree from Indiana State University and is a member of the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Gibson is a US citizen with Canadian Permanent Resident status.
https://www.firstenergymetals.com/en/corporate/directors-management/
TradingCharts
3 years ago
First Energy Metals Drills 1.35 Percent Lithium Oxide over 2 meters at Augustus Lithium Property
July 13, 2021
Related Document
View PDF
Vancouver, B.C. (July 13, 2021) – First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company”) is pleased to announce results of a drill hole at its Augustus Lithium Property in Quebec, Canada. The drill hole LC21-003 intersected a six-meter-wide zone with 0.62 percent (%) lithium oxide (Li2O) at 45 metres (m) depth including a two metres wide intersection with 1.35% Li2O at 48 m depth. A second two-meter-wide pegmatite intersection assayed 0.63% Li2O at 73 m depth (see Table 1 for details).
Drill hole LC21-03 was drilled at location: 284956E, 5368263N (NAD 1983 UTM Zone 18N), Azimuth 53.5 degrees, Dip 49.4 degrees with a total drilled depth of 147m. All intersections reported are based on drilled width and have not been converted to the true width.
In addition, the Company has granted incentive stock options to certain directors, officers and consultants to purchase up to an aggregate of 900,000 common shares under the Company’s Incentive Stock Option Plan. The options will be exercisable for a period of five (5) years, at an exercise price of $0.25 per share.
The stock option grant will be subject to a four-month hold period and is subject to Canadian Securities Exchange approval.
The drill program is based on the historical exploration data and the Company’s surface trenching and sampling program which is currently underway. Several historical drill hole collars were also located on the Property which help in location and orientation of drill holes for the current drill program. The Drill program commenced on April 5th at the Property by Forage Hebert Inc. Drilling of Amos, Quebec who is contracted for the drill program. A B-20 drill rig is deployed for this work which has a capacity to drill up to 1,000-meter-deep hole. A core shack has been built near the Property for drill core logging, sample preparation and storage. To date a total of 13 drill holes with a cumulative core drilling of 1,770 m has been completed on the Property. The drill core is being logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates and blanks are being inserted at an industry standard interval.
The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2) as summarized below. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.
https://www.firstenergymetals.com/en/news/2021/first-energy-metals-drills-1.35-percent-lithium-oxide-over-2-meters-at-augustus-lithium-property-2021-07-13/
TradingCharts
3 years ago
First Energy Metals Cuts 1.44 Percent Lithium Oxide Over 8 Meters in Channel Samples from Augustus Lithium Property
June 15, 2021
About the Augustus Lithium Property
The Company owns 100% interest in Augustus Lithium Property in Landrienne & Lacorne-Townships, Quebec, Canada. The Property consists of 337mining claims covering a total area of 15,045.62 hectares located approximately 40 kilometres northwest of the town of Val d’Or on map sheets 32C/05 and 32D08. The newly acquired Property claims are spread in several claim blocks optioned in 2021 from different vendors. The Company has prepared a work plan on the property which includes diamond drilling, metallurgical testwork to produce battery grade lithium carbonate, and resource estimation. To date, the Company has compiled historical drill hole data on the Property for 74 historical dill holes with a cumulative drilling of 12,123.14 m, out which 6,024 m drilling was completed on the lithium prospects on the Property during 1950s. Several drill hole results indicated intersections over 1% lithium oxide. All this data will help in the current exploratory drill program and building a data base for NI 43-101 resource estimation”.
https://www.firstenergymetals.com/en/news/2021/first-energy-metals-cuts-1.44-percent-lithium-oxide-over-8-meters-in-channel-samples-from-augustus-lithium-property/
BayStRising
3 years ago
Why I like First Energy Metals Corp(and why you should to) (FE.CSE) (FEMFF.OTC)
Why I like First Energy Metals Corp(and why you should to)
FEMFF(OTC)
FE(CSE)
Summary
Diversified Across a few properties- Core holding is Lithium but diversified with Gold as well
Quebec is very close to the North American EV supply chain and White House has declared Lithium to be a strategic resource.
Close to a shitload of other Lithium Projects : Mine Quebec Lithium, which was formerly owned by RB Energy, Authier Lithium owned by Sayona Mining of Australia, Valor Lithium, Duval Lithium, Lacorne Lithium, International Lithium, Vallee Lithium, and Moly Hill Mine.
EV Demand is increasing which is the main driver for Lithium along with battery storage.
Strong Momentum - Price is up 300% this year and not much price ceiling if lithium prices surge again.
Lithium Mine supply are predicted to be in a massive deficit which will cause majors to look at acquisitions further down the line.
Management Team is experienced in capital markets and geology with many large discoveries in the past. Latest financings are all oversubscribed showing easy ability to raise cash.
Future Catalysts
Continued positive Drill Results
Consolidation in the Lithium Juniors Space
Lithium Offtake Agreements with suppliers
N43-101 coming
PEA
Nearby Discoveries
Nearby Acquisitions
Msosa2020
3 years ago
Highlights of the Augustus Lithium Property include:
Geologically similar to Sayona Mining’s Authier Lithium project and Mine Quebec Lithium project located 6-12 km away.
Documented historical drilling over 10,000m in 62 drill holes, worth over $2 million in present day exploration expenditures.
Two prominent lithium and one silver prospects located on the property.
A potential high grade lithium resource target of 4 million tonnes at 1% lithium oxide (Li2O).
Potential for large volume low grade bulk tonnage near surface.
Two phase exploration work program includes: data compilation, geological mapping, trenching and sampling in Phase 1 (estimated cost $191,418) and diamond drilling, metallurgical testing and resource estimation in Phase 2 (estimated cost $1,166,963).
14,367.71 hectares . It is equipped with excellent infrastructure support, including a road network, railway, electricity, water and trained manpower available locally.
https://www.investorbrandnetwork.com/clients/first-energy-metals-ltd/
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