- Fuse Battery Metals (FUSE) has expanded its exploration land holdings
- The new addition is a sediment-hosted lithium clay target in Nevada known as the Monitor Valley North Project
- Initial surface samples returned average lithium values of 664 ppm
- The company intends to complete an NI 43-101 Technical Report on the property in the near future
- President and CEO Tim Fernback spoke with Simon Druker about the news
- Fuse Battery Metals is a Canadian-based exploration company focused on high-value metals for battery manufacturing
- Fuse Battery Metals (FUSE) is down by 7.69 per cent trading at $0.06 per share
Fuse Battery Metals (FUSE) has expanded its exploration land holdings.
The new addition is a sediment-hosted lithium clay target in Nevada known as the Monitor Valley North Project.
Initial surface samples reported in regional NURE sampling returned average lithium values of 664 ppm (max 970 ppm, min 388 ppm).
The origin of this lithium deposit is suspected to be similar to Clayton Valley clay deposits located about 180 km to the south.
Monitor is also 55 km west of Little Smokey Valley, Nevada, where exploration for lithium is ongoing.
The company intends to complete an NI 43-101 Technical Report on the property in the near future.
Transaction
Fuse entered a purchase and sale agreement with J. Malcolm Bell for 97 placer claims (MVN1 – MVN97) covering 770 hectares of alluvial sediments and clays 134 km northeast of Tonopah, Nevada.
Fuse will reimburse Bell’s staking and recording costs in the amount of US$30,081, as well as issue 500,000 fully paid and non-assessable common shares.
All securities issued are subject to a four-month-and-one-day hold period.
President and CEO Tim Fernback spoke with Simon Druker about the news.
Fuse Battery Metals is a Canadian-based exploration company focused on high-value metals for battery manufacturing.
Fuse Battery Metals (FUSE) is down by 7.69 per cent trading at $0.06 per share as of 9:55 am EST.