FE Battery Metals - Core from the company's Augustus lithium exploration property in Quebec.
Core from the company's Augustus lithium exploration property in Quebec.
Source: FE Battery Metals.
  • FE Battery Metals (FE) has optioned the Senay Lithium Project in James Bay, Quebec
  • Senay covers over 3,100 hectares across 59 mining claims within the 150 km Lac des Montagnes volcano-sedimentary belt of Quebec, which is one of the province’s most active locations for lithium exploration
  • Consideration includes 3,000,000 FE shares, $1,000,000 in exploration expenditures and a 1 per cent gross metal royalty
  • FE Battery Metals is focused on identifying, exploring and advancing early-stage lithium pegmatite projects in Canada
  • FE Battery Metals (FE) closed up by 48.98 per cent, trading at $0.73 per share

FE Battery Metals (FE) has optioned the Senay Lithium Project in James Bay, Quebec.

Senay covers over 3,100 hectares across 59 mining claims within the 150 km Lac des Montagnes volcano-sedimentary belt of Quebec, which is one of the province’s most active locations for lithium exploration.

The acquisition, which boasts numerous pegmatite intrusives from the Senay Suite, is also adjacent to Critical Elements Lithium‘s Bourier Project.

Consideration includes 3,000,000 FE shares over two years, exploration expenditures of $1,000,000 over two years, and a 1 per cent gross metal royalty upon the commencement of commercial production. Issued shares will be subject to a hold period of four months and one day.

FE now holds 4,795 hectares in the James Bay area.

“We are pleased to add the Senay Lithium Project to our lithium exploration portfolio,” stated Gurminder Sangha, FE’s CEO. “In addition, FE continues to advance its exploration efforts at the Augustus Lithium Project, which is adjacent to the soon-to-be operational North American Lithium Mine.”

FE Battery Metals is focused on identifying, exploring and advancing early-stage lithium pegmatite projects in Canada.

FE Battery Metals (FE) closed up by 48.98 per cent, trading at $0.73 per share.


More From The Market Online

Eric Sprott reduces exposure to TRU Precious Metals

Billionaire investor Eric Sprott allows 9 million warrants for shares of TRU Precious Metals (TSXV:TRU) to expire unexercised. 

Canadian uranium miner to commence Nunavut property exploration

Lexston Mining Corp. (CSE:LEXT) is about to begin its inaugural 2024 geological exploration program on its Itza uranium property in Nunavut.

How this junior is unlocking unprecedented potential in Alaska 

Freegold Ventures (TSX:FVL) is well-positioned to be a leader in the state of Alaska's gold mining sector and investors are paying attention.