Free Batery Metal Limited Embarks on Fall Field Program to Inves�gate Tantalum Anomaly at Mound Lake Property
Free Batery Metal Limited Embarks on Fall Field Program to Inves�gate
Tantalum Anomaly at Mound Lake Property
Toronto, Ontario – September 19, 2023 – Free Batery Metal Limited (CSE: FREE)
(formerly, Titus Energy Corp.) ("FREE" or the "Company"), following promising
results from its summer field explora�on program at the Mound Lake Property in
northwestern Ontario, is pleased to announce the commencement of its fall work
program on September 12, 2023.
C e n t r a l t o t h i s p r o g r a m i s t h e i n v e s � g a � o n o f A n o m a l y 1 0 7 2 2 6 , w h e r e a n
excep�onal Tantalum value of 261ppm was uncovered from a sample on the
northeast side of Mound Lake. It's worth no�ng that any Tantalum value exceeding
65ppm is considered significant, poten�ally indica�ng the presence of a pegma�te
capable of hos�ng economically valuable lithium-cesium-tantalum mineraliza�on1.
The Company intends to conduct addi�onal sampling at this site and its immediate
vicinity.
In addi�on to the 48 -Element ICP analyses, our team will collect samples for
comprehensive whole rock analysis, mineralogical, and petrological studies.
Furthermore, we plan to expand our explora�on efforts by gathering grab samples
from previously unexplored regions within the property, including addi�onal
samples from the Mound Lake Pluton itself. Notably, known occurrences of lithium-
bearing pegma�tes within the parent granite, such as the MNW Prospect Hanson
Lake - Mineral Deposit Inventory Record MDI52H01NE00005 NB Rock Teck Drilled
in 2007 247 metres within the MNW Pluton, indica�ng the presence of rare metal
bearing dikes within the parental granite in the region is evidence that it happened2.
To date, the Company has collected an addi�onal 30 samples, further fueling our
enthusiasm for this project.
1 SELWAY , J. B. (2005). A Review of Rare-Element (Li-Cs-Ta) Pegma�te Explora�on Techniques for the Superior
Province, Canada, and Large Worldwide Tantalum Deposits. Exploration and Mining Geology, 14(1–4), 1–30.
htps://doi.org/10.2113/gsemg.14.1-4.1
2 SELWAY , J. B. (2005). A Review of Rare-Element (Li-Cs-Ta) Pegma�te Explora�on Techniques for the Superior
Province, Canada, and Large Worldwide Tantalum Deposits. Exploration and Mining Geology, 14(1–4), 1–30.
htps://doi.org/10.2113/gsemg.14.1-4.1
Our diligent field team has already observed abundant plumose -textured
muscovite and documented a new beryl occurrence, both of which are posi�ve
indicators of the poten�al presence of rare-metal bearing pegma�tes.3
The Company's commitment to explora�on was evident in the summer program,
where a dedicated 4 -person crew from Planet X Explora�on Services conducted
comprehensive prospec�ng and grab sampling across the property from June 16 to
July 3, 2023. Naviga�ng the property via a network of roads and abandoned logging
roads accessible through all -terrain vehicles, the team examined prospec�ve
outcrops and me�culously collected a total of 213 grab samples. Each sample
underwent detailed on- site descrip�on, pho tography, and analysis using a
handheld XRF instrument. Duplicate samples were though�ully retained for further
in-depth research and analysis.
A preliminary review of the analysis results revealed abundant pathfinder elements,
notably elevated Tantalum, Beryllium, and Rubidium levels, along with consistent
values of Lithium. Our team of experts is currently conduc�ng a thorough
evalua�on of the se findings to define precise targets for subsequent explora�on
and research ini�a�ves.
Building upon these results, we have generated geospa�al maps pinpoin�ng sample
sites and element concentra�ons. These maps have already begun to iden�fy
several areas of significant interest, notably an apparent trend of coincident
Lithium, Tantalum, Rubidium, and Beryllium values spanning approximately 3
kilometers on the eastern side of Mound Lake.
Significantly, this area of heightened pathfinder elements is situated in the northern
quadrant of the Mound Lake Property, where it shares a boundary with Pegma�te
One Lithium and Gold Corp.'s Frazer Lake Mound Property. Pegma�te recently
made headlines with a groundbreaking pegma�te discovery, repor�ng grades of up
to 7.25% Li2O in their press release dated August 10, 2023. Intriguingly , there are
indica�ons that the Mound Lake Pluton may be the parent body for the Frazer Lake
Discovery.
3 SELWAY , J. (2005). A Review of Rare-Element (Li-Cs-Ta) Pegma�te Explora�on Techniques for the Superior
Province, Canada, and Large Worldwide Tantalum Deposits. Exploration and Mining Geology, 14(1–4), 3.
htps://doi.org/10.2113/gsemg.14.1-4.1
Pam Sangster, CEO of Free Batery Metal Limited, stated, "We are thrilled to embark
on this fall field program, driven by the Tantalum anomaly we've iden�fied at the
Mound Lake Property. Our team is commited to unlocking the property's full
poten�al and will con�nue to conduct thorough and responsible explora�on
efforts."
Pam Sangster, Chief Execu�ve Officer
Free Batery Metal Limited
Phone: 519-495-5823
Email: [email protected]
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 b e 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; the Company’s plans to conduct addi�onal sampling; and
the Company’s explora�on plans, scope, and the stated �melines.
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; the Company's ability to realize upon the poten�al
discovery of Lithium and o ther rare metals on its proper�es ; the Company having
the ability to conduct addi�onal sampling; and the Company having the ability to
carry out its explora�on plans under the stated scope and �melines.
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 o f the Company's material property; risks associated with poten�al
governmental and/or regulatory ac�on with respect to the Company's ac�vi�es;
risks associated with the Company's ability to generate a profit; the Company's
inability to realize upon the poten�al discovery of Lithium and other rare metals on
its proper�es; the Company’s inability to conduct addi�onal sampling; and the
Company’s inability to carry out its explora�on plans under the stated scope and
�melines.
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.