Victory Battery Metals Corp. Options Kachiwiss Uranium Project and Other Uranium Anomalies
Victory Battery Metals Corp. Options Kachiwiss Uranium Project
and Other Uranium Anomalies
Vancouver B.C., Canada. (April 18, 2024) - VICTORY BATTERY METALS CORP. (VR-
CSE, VRCFF-OTC Pink, VR6-FWB) is pleased to announce that it has entered into an option
agreement dated April 11, 2024 to acquire 100% interest in four claim groupings in the Sept Iles
region of Quebec. These claims are being optioned from GLOBEX MINING ENTERPRISES
INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf
Stock Exch anges and GLBXF – OTCQX International in the US ). Under terms of the
agreement Victory will pay to Globex $400,000 in cash and 1,500,000 Victory shares over 3 years.
In addition, Victory commits to execute a work program of a minimum of $3,000,000 on the claims
over a 4-year period.
The claims cover the Kachiwiss Uranium deposit with a reported historical, 1978 non-Ni 43-101,
compliant, non-classified resource of 16,598,000 tonnes grading 0.016% U3O8 within a pegmatic
dyke oriented NW45o. The zone, as currently defined, measures 975 metres long by 610 metres
to 760 metres wide and is open. Historical metallurgical test work suggest ed recoveries of up to
92.9% can be achieved 1. The same report mentions the presence of thorium in the region, In
addition to the Kachiwiss deposit, the option includes a large package of claims covering lake
bottom sediment sample uranium anomalies farther to the north. In total, 156 mining claims make
up the package with Globex retaining a 10- kilometre area of mutual interest surrounding the
current claim blocks.
Under the agreement, Globex also retains a 3% Gross Metal Royalty on all metals, minerals,
elements or compounds including but not limited to uranium, thorium or any other marketable
product from the claims. Victory may, at anytime, purchase 1% GMR from G lobex for a single
cash payment of $1,000,000.
Mr. Mark Ireton, Victory President and CEO noted “ This is the first meaningful uranium
acquisition of such that will position the company in both battery metals and energy metals spaces.
We at Victory Battery Metals are excited by the potential this property holds. Uranium is a proven
source of clean cheap power and advanced research into thorium is emerging a primary source of
power for the future Located in the mining friendly province of Quebec, the project is in a region
known for its deep-water port, its excellent infrastructure, and a labor pool strongly rooted in the
mining industry.”
1. Quebec Government Sigeom – Lac Kachiwiss File CGM 22J/01.001 - Oct 21/2011.
Scientific and technical information contained in this press release was reviewed and approved by
Mr. Réjean Girard, Quebec Geologist, P.Geo (OGQ 521) and a "qualified person" under NI 43-
101.
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE: VR) is a publicly traded diversified investment
corporation with mineral interests in North America. The company is also actively seeking other
exploration opportunities.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that
involve substantial known and unknown risks and uncertainties. All statements other than
statements of historical fact are forward-looking statements, including, without limitation,
statements regarding future financial position, business strategy, use of proceeds, corporate
vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-
operations, budgets, cost and plans and objectives of or involving the Company. Such forward-
looking information reflects management's current beliefs and is based on information currently
available to management. Often, but not always, forward-looking statements can be identified by
the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
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(including negative variations) of such words and phrases or may be identified by statements to
the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken,
occur or be achieved. A number of known and unknown risks, uncertainties and other factors
may cause the actual results or performance to materially differ from any future results or
performance expressed or implied by the forward-looking information. These forward-looking
statements are subject to numerous risks and uncertainties, certain of which are beyond the
control of the Company including, but not limited to, the impact of general economic conditions,
industry conditions and dependence upon regulatory approvals. Readers are cautioned that the
assumptions used in the preparation of such information, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed
on forward-looking statements. The Company does not assume any obligation to update or revise
its forward-looking statements, whether as a result of new information, future events, or
otherwise, except as required by securities laws.