About FE Battery Metals

FE Battery Metals Corp. maintains early-stage exploration properties in Canada. Exploration Projects - British Columbia, Ontario and Quebec Properties The company has several early-stage exploration properties located in Canada. The Kokanee Creek Property, Kaslo Property, Bald Eagle Silver and Kootenay Lithium Project are located in British Columbia, the Phyllis Cobalt Property, Red Lake Gold, and Scramble Gold Property, Falcon Lake are located in Ontario and Titan Gold, Abitibi Lithium Augustus Lithium, Canadian Lithium, McNeely Lithium Property and Electron Lithium are located in Quebec. Augustus Lithium Property, Quebec, Canada The Augustus Lithium Property is located in Landrienne & Lacorne-Townships, Quebec, Canada. The Augustus Lithium property is consisted of 21 mineral claims covering over 937 hectares located in the Abitibi area of western Quebec. There are several historical and active lithium and molybdenum prospects/mines located approximately 3 kilometres (km) to 20 km from the Property. Some of the important prospects/mines are: Mine Quebec Lithium, Authier Lithium owned by Sayona Mining of Australia, Valor Lithium, Duval Lithium, Lacorne Lithium, International Lithium, Vallee Lithium, and Moly Hill Mine. All these projects / prospects are at various stages of exploration and development, out of which Mine Quebec Lithium is the most advanced project followed by Authier lithium project. 2022 Exploration Highlights The company completed Phase 1 drill program of 5,847.15 meters consisting of 32 drill holes. On December 6, 2021, the company commenced Phase 2 drill program, with the following drill hole results: Drill hole LC21-09 intersected a 39 meters spodumene pegmatite in which a 7-meter-wide zone assayed 1.12 percent (%) lithium oxide (Li2O) at 11 metres (m) drilled depth; Drill hole LC21-18 intersected several spodumene bearing lithium pegmatite intercepts from 58.2 metres (m) to 160 m drilled depth; of which the most promising intercept grading 1.56 percent (%) lithium oxide (Li2O) over 6 m at 114 m drilled depth, and a second 19 m wide intercept grading 0.48% Li2O at 141 m drilled depth; Drill hole LC21-17 intersected two spodumene bearing lithium pegmatite intercepts, of which the first is 5.2 metres (m) wide zone grading 0.93 percent (%) lithium oxide (Li2O) at 214 m drilled depth, and a second 4.0 m wide intercept grading 0.30% Li2O at 292 m drilled depth; and Drill hole LC21-19 intersected 1.26 percent (%) lithium oxide (Li2O) or 5,849 parts per million (ppm) lithium over 2.7 m at 61 m drilled depth. Canadian Lithium Property, Quebec, Canada The Canadian Lithium property is consisted of 12 mineral claims covering over 671 hectares located in the Landrienne and La Corne Township areas approximately 40 kilometres northwest of the town of Val d'Or, Quebec. The Canadian Lithium Property is a worked deposit located in Range 1 lot 25-26 in the Landrienne Township at G.P.S 284861 E - 5368288 N. The main outcrop was discovered in 1948 near the boundary line separating the Landrienne and Lacorne townships. 2022 Exploration Highlights On April 27, 2021, the company announced assay results of channel samples at the Beluga Pegmatite of the Canadian Lithium Prospect cut a 32-meter-wide section with an average of 0.74% Li2O, which includes 14 meters of spodumene pegmatite with 1.61 percent lithium oxide. On May 4, 2021, the company announced assay results of the Channel 21-2E samples at the Beluga Pegmatite of the Canadian Lithium Prospect cut a 31-meter-wide section with an average of 0.37% lithium oxide which includes 4 meters of spodumene pegmatite at 1.20 percent Li2O. On May 6, 2021, the company announced results 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. On June 15, 2021, the company announced assay results of the north extension of the Channel 21-2E samples at the Beluga Pegmatite of the Canadian Lithium Prospect cut an 8-meter-wide section with an average of 1.44% lithium oxide (Li2O). Abitibi Lithium Property, Quebec, Canada The Abitibi Lithium property is consisted of 241 mineral claims covering over 12,779 hectares located in the Abitibi area of western Quebec, approximately 40 kilometres northwest of the town of Val d'Or, Quebec. The Abitibi Lithium Property claims are spread in several claim blocks of which some of the claims are located adjacent to the Augustus Lithium Property claims. McNeely Lithium Property, Quebec, Canada The McNeely Lithium Property is consisted of 66 mining claims covering a total area of 2,276 hectares located in LaCorne, Landrienne and Figuery Townships, province of Quebec, Canada. These claims are spread out in several claim blocks along the Quebec Lithium Mine horizon. Some of the claims are located adjacent to the Augustus Lithium Property claims. Kokanee Creek Gold Property, British Columbia, Canada Kokanee Creek Gold Property The Kokanee Creek Gold Property consists of three mineral claims covering approximately 1,590 hectares area in Nelson Mining Division in British Columbia, Canada. It is located 18 km to the east of Nelson on NTS map 082F055. The Property is part of a very active mining area with several historical and gold, silver and base metals deposits located in the region. The Blue Bell Mine, located near the town of Riondel approximately 20 km NE of the Kokanee Creek Claims, is a manteau-type base metal deposit hosted by the Badshot limestones of the Lardeau Group. Closer to the Kokanee Claims are historical past producers the Molly Gibson and the Alpine. Scramble Gold Property, Ontario, Canada The Scramble Mine Gold property is consisted of six mining claims covering approximately 140 hectares land, located in Jaffray Township, Kenora Mining District, approximately 8 kilometres east of the town of Kenora in Northwestern Ontario. The company wants to caution that grab samples from the Phase 2 work are selected samples. Phyllis Cobalt Property, Ontario, Canada Located in the Kenora Mining District of Ontario, the property consists of 112 mineral claim units totalling 1,750 hectares in Grummett and Cathcart townships. Bald Eagle Silver Property, British Columbia, Canada The Bald Eagle Property consists of three mining claims covering approximately a 1,014-hectare area in Alberni Mining Division, British Columbia, Canada is located 30 km to the northeast of Ucluelet. Titan Gold Property, Quebec, Canada The Titan Gold property is consisted of 80 mining claims covering approximately 11,000 acres land in the ‘municipalité régionale de comté’ ‘regional county municipal’ (MRC) of Jamesie in Quebec. Red Lake Gold Property, Ontario, Canada The Red Lake Gold Property is located in the Red Lake Mining District, Northwestern Ontario, Canada. The Property is consisted of 94 mining cell claims covering approximately 1,880 hectares land in Ball and Todd townships. The Red Lake Gold Property is located in the prolific Red Lake gold mining camp which is one of the largest gold camps in North America with a 457 square kilometres land package famous for its high-grade gold deposits with historical production exceeding 30 million ounces of gold, mostly from the iconic Campbell and Red Lake gold mines and ten smaller mines. Kaslo Property, British Columbia, Canada The Kaslo property is without known mineral resources and reserves and previous exploration programs were exploratory in nature. In 2012, the company wrote down the value of the property to $nil. The 4,000-hectare property is located 12 km west of the town of Kaslo in southern British Columbia. Kaslo includes nine former, small mines, which were originally discovered and worked for high-grade silver ores during the heyday of the Slocan Mining Camp. History The company was incorporated under the laws of the province of British Columbia, Canada in 1966. It was formerly known as Cream Silver Mines N.P.L. and changed its name to Cream Silver Mines Ltd. in 1987 and then to Cream Minerals Ltd. in 1994. Further, the company changed its name to Agave Silver Corp. in 2013 and to First Energy Metals Limited in 2016 and then to FE Battery Metals Corp. in October 2022.