Free Batery Metal Limited Announces Results of The Mound Lake Property Summer 2023 Prospec�ng, Sampling and Analysis Program
Free Batery Metal Limited Announces Results of The Mound Lake Property
Summer 2023 Prospec�ng, Sampling and Analysis Program
Toronto, Ontario--(Newsfile Corp. - September 7, 2023) - Free Batery Metal Limited
(CSE: FREE) (formerly, Titus Energy Corp.) (the "Company"), is pleased to announce
encouraging results from the summer field explora�on program of prospec�ng,
sampling, and analysis on the Company’s Mound Lake Property in northwestern
Ontario.
From June 16 to July 3, 2023, a comprehensive prospec�ng and grab sampling
program was completed across the property by a 4-person crew from Planet X
Explora�on Services. The two geologists and two prospectors traversed the
property via a network of roads and abandoned logging roads accessible using all-
terrain vehicles. Prospec�ve outcrops were examined and in total, 213 grab samples
were collected for analysis. On collec�ng, each sample was described,
photographed, and analyzed with a handheld XRF ins trument. Duplicates of each
sample were kept for further research and analysis. The remainder of each sample
was sent to ALS Laboratories Canada Ltd. in Thunder Bay w here 48 element four
acid ICP-MS analyses were completed.
A preliminary review of the analysis results indicates abundant pathfinder elements
with elevated Tantalum, Beryllium and Rubidium and consistent values of Lithium.
A detailed evalua�on of the results will be completed to establish targets for further
explora�on and research.
Using the results, geospa�al maps showing sample sites and element
concentra�ons have been created to help iden�fy areas for further sampling and
mapping. The geospa�al maps indicate several areas of interest including an
apparent trend of coincident Lithium, Tantalum, Rubidium and Beryllium values
over a distance of ~3km on the east side of Mound Lake.
Figure 1
Figure 2
Figure 3
Figure 4
The area of increased pathfinder elements is located in the northern por�on of the
Mound Lake Property where a boundary is shared with Pegma�te One Lithium and
Gold’s (“Pegma�te”) Frazer Lake Mound Property which hosts a new pegma�te
discovery with grades of up to 7. 25% Li 2O as reported under Pegma�te’s press
release dated August 10, 2023.
The Company did not independently confirm or verify their accuracy or reliability
of Pegma�te’s statements. The Company also reminds investors that the results,
resources or mineraliza�on on the adjacent property are not necessarily indica�ve
of the poten�al for similar to exist on the Company’s Mound Lake Property.
Qualified Person
Technical informa�on in this news release has been approved by Ryan Versloot,
P .Geo., a 'Qualified Person' as defined under Canadian Na�onal Instrument 43-101.
Quality Assurance / Quality Control ("QA/QC")
Grab samples were managed by Planet X Explora�on Services Ltd. All samples were
bagged, sealed, and stored inside a storage locker un�l delivery to an independent
laboratory, ALS Laboratories in Thunder Bay, Ontario (ISO/IEC 17025:2017). The
ini�al batch of samples were analyzed by four acid diges�on with ICP-MS finish (ME-
MS61). Standards and blanks were submited with the shipment to supplement the
lab's internal controls.
About Free Batery Metal Limited
Free Batery Metal Limited is a publicly traded company exploring for Lithium. The
Company is commited to responsible mining prac�ces and is ac�vely exploring the
Mound Lake Property in northwestern Ontario. The property comprises 243, single-
cell unpatented mining claims totaling approximately 4,860 hectares. Historically,
there has been litle or no mineral explora�on on or near the Property. The
Company sees Lithium and other rare metals as cri�cal commodi�es in suppor�ng
the global move towards green technologies including the transi�on to electric
vehicles.
For more informa�on, please contact:
Pam Sangster, Chief Execu�ve Officer
Email: [email protected]
Phone: 519-495-5823
Forward-Looking Informa�on and Cau�onary Statements
This news release contains "forward -looking statements" within the meaning of
applicable securi�es laws. All statements contained herein that are not clearly
historical in nature may cons�tute forward-looking statements.
Generally, such forward-looking informa�on or forward-looking statements can be
iden�fied by the use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "es�mates", "forecasts",
"intends", "an�cipates" or "does not an�cipate", or "believes", or varia�ons of such
words and phrases or may contain statements that certain ac�ons, events or results
"may", "could", "would", "might" or "will be taken", "will con�nue", "will occur" or
"will be achieved". The forward- looking informa�on and forward- looking
statements contained herein include, but are not limited to, statements regarding:
the Company’s poten�al mineraliza�on and explora�on of the Mound Lake
Property in northwestern Ontario, and the poten�al for the discovery of Lithium
and other rare metals.
Forward-looking informa�on in this news release are based on certain assump�ons
and expected future events, namely: the Company's ability to con�nue as a going
concern; the con�nued commercial viability and growth in popularity of the Target's
material proper�es; the Company's ability to develop the Mound Lake Property;
con�nued approval of the Company's ac�vi�es by the relevant governmental
and/or regulatory authori�es; and the Company’s ability to realize upon the
poten�al discovery of Lithium and other rare metals on its proper�es.
These statements involve known and unknown risks, uncertain�es and other
factors, which may cause actual results, performance or achievements to differ
materially from those expressed or implied by such statements, including but not
limited to: the poten�al inability of the Company to con�nue as a going concern;
the risks associated with the mining industry in general; the poten�al future
unviability of the Company's material property; risks associated with poten�al
governmental and/or regulatory ac�o n with respect to the Company's ac�vi�es;
risks associated with the Company's ability to generate a profit; and the Company’s
inability to realize upon the poten�al discovery of Lithium and other rare metals on
its proper�es.
Readers are cau�oned that the foregoing list is not exhaus�ve. Readers are further
cau�oned not to place undue reliance on forward-looking statements, as there can
be no assurance that the plans, inten�ons or expecta�ons upon which they are
placed wil l occur. Such informa�on, although considered reasonable by
management at the �me of prepara�on, may prove to be incorrect and actual
results may differ materially from those an�cipated.
Forward-looking statements contained in this news release are expressly qualified
by this cau�onary statement and reflect the Company's expecta�ons as of the date
hereof and are subject to change therea�er. The Company undertakes no obliga�on
to update or revise any forward -looking statements, whether as a result of new
informa�on, es�mates or opinions, future events or results or otherwise or to
explain any material difference between subsequent actual events and such
forward-looking informa�on, except as required by applicable law.