Arbor Metals Welcomes the News That Volkswagen is Considering Ontario FOR a Battery CELL Facility
NEWS RELEASE
ARBOR METALS WELCOMES THE NEWS THAT VOLKSWAGEN IS
CONSIDERING ONTARIO FOR A BATTERY CELL FACILITY
Vancouver, Canada – February 13th, 2023 – Arbor Metals Corp. ( “Arbor” or the “Company”)
(TSXV: ABR, FWB: 432) welcomes the recent announcement by Germany’s Handelsblatt
(“Handelsblatt”) business daily that automobile manufacturer Volkswagen is considering setting
up a battery cell factory in Ontario.
This follows Volkswagen’s battery subsidiary PowerCo’s decision last year to sign a deal with
Umicore as a supplier, with Umicore building a cathode factory outside of Kingston to supply
Volkswagen’s future battery cell plant. Both these events represent the need for carmakers to
meet the emerging EV demand with local sources of lithium from Ontario and Quebec
spodumene deposits poised to supply Canadian-sourced lithium products to these new battery
plants. The Company’s Jarnet lithium properties located contiguous to Patriot Battery Metals Inc.
(PMET) Corvette-FCI property is well positioned to participate in the hunt for new lithium
deposits.
“The U.S.A.‘s northern neighbor (“Canada”) is one of the few countries in the western world that
has important battery raw materials such as lithium, nickel or cobalt. In addition, the country is
pursuing a consistent sustainability strategy and intends to switch completely to renewable
energy in the coming years. Canada is already the third largest producer of hydroelectric power
after Brazil and China,” the Handelsblatt report said.
PMET recently announced a significant discovery of 156.9 meters of 2.12 per cent Li2O (lithium
oxide), including 25 m of 5.04 per cent Li2O (see PMET news release, Jan. 19, 2023) from the CV-
5 pegmatite zone on the Corvette-FCI property. The Company’s Jarnet properties cover multiple
pegmatite dikes which the Company's geological team have identified as similar to the pegmatite
dikes on the CV-5 target. The Jarnet property now comprises four claim blocks (South, North and
NE) totaling 70 map-designated claims, covering an area of approximately 3,759 hectares. The
Jarnet South block is less than two km northwest of PMET's CV-5 pegmatite zone, where an
aggressive diamond drill program is in process.
Note: Company management cautions the discoveries and observations on properties in proximity to the
Company's properties are not necessarily indicative of the presence of similar mineralization or geology on
the Company's properties.
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-
101 and is responsible for, and has approved, the technical information contained in this release.
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Arbor Metals Corp . is a mining exploration company specializing in the development of high-
value, geographic significant mineral projects around the world. As industry leaders, we are
paving the way for advanced mineral exploration as we oversee world-class mining projects. We
believe quality projects, combined with proven strategies and a professional team will deliver
superior results. We hold three exceptional mineral projects.
Jarnet Lithium Project , located in the James Bay Region of Quebec, which comprises of forty-
seven map designated claims, covering an area of approximately 3,759 hectares. The Jarnet
Project is contiguous to the Corvette-FCI Property, where diamond drilling has confirmed
significant lithium mineralization.
For further information, contact Mark Ferguson, Chief Executive Officer, at
[email protected], or visit the Company’s website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or
if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”,
“forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or
information. These forward-looking statements or information may relate to the development of the
Jarnet Lithium Project, the assessment of samples from that Project, and other factors or information.
Such statements represent the Company’s current views with respect to future events and are necessarily
based upon a number of assumptions and estimates that, while considered reasonable by the Company,
are inherently subject to significant business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and unknown, could cause results,
performance, or achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking statements. The Company does not
intend, and does not assume any obligation, to update these forward-looking statements or information
to reflect changes in assumptions or changes in circumstances or any other events affecting such
statements and information other than as required by applicable laws, rules and regulations.