Coniagas Battery Metals Identifies Cobalt-Copper Concentrates for Processing Using Re-2Ox

Coniagas Battery Metals Identifies Cobalt-Copper Concentrates for Processing Using Re-2Ox

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC TheNewswire - August 6, 2024 - Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company") continues to expand its position as a potential critical player in the electric vehicle (EV) metals market by adding strategic sourcing and potential processing capabilities. The Company may position itself with a competitive advantage by integrating the Re-2Ox process as a toll operator.

Coniagas has successfully identified potential monthly shipments of 200 to 500 tonnes of cobalt-copper concentrates from European warehouse operators, ensuring a reliable supply of high-quality raw materials. This complements the significant stockpiles in the Democratic Republic of Congo reported in an earlier press release , which total approximately 30 million tonnes with industry-leading grades ranging from 1% to 6.5% copper and from 0.05% to 4.5% cobalt. This expansionary approach underpins the Company's "Feed First" strategy, which prioritizes reliable, long-term metal sources to support continuous production and supply chain resilience.

Owing to the persistent shortages of feed in scaling up battery manufacturing capacity, the Company will continue sourcing EV Metal concentrates as potential feed for the Re-2Ox process to produce cobalt and nickel sulfates for EV batteries. Developed over six years at a cost of $8 million, the Re-2Ox process has been validated through extensive testing, including bench scales, two pilot plant studies, and a plant trial. This closed-loop, hydrometallurgical process, toll-operated by Coniagas, significantly reduces environmental impact and operational costs by allowing zero-discharge extraction and purification. Additionally, it offers the flexibility to customize metal outputs to specific client specifications, optimizing both production costs and process efficiency.

Due to the recent decline in Nickel Manganese Cobalt (NMC) battery prices, falling below the critical $100 per kilowatt-hour threshold, EVs can be priced at or below combustion cars in most vehicle segments, meaning the technology to decarbonize global road transport is here. It is the perfect time for Coniagas to capitalize on its strengths. The Company's strategic positioning and operational efficiencies allow it to offer potential competitive pricing and reliable supply to battery manufacturers, who are expanding production in response to growing consumer demand. By ensuring a cost-effective and steady supply of high-quality materials, Coniagas may be able to meet the increasing demand.

Further to this strategy, Coniagas is extending its potential production capabilities to include a wider array of Cathode Active Materials (CAM) and Precursor Cathode Active Materials (PCAM). This expansion is crucial for supplying manufacturer-specific high-purity nickel and cobalt sulfate essential for efficient battery manufacturing, aligning with global trends towards more sustainable and cost-effective EV production.

Coniagas is in the process of establishing a pilot plant production facility in Quebec upon completion of bench scale test work on Graal high-grade copper nickel drill core, leveraging collaborations with SGS Quebec and targeting funding from Investissement Québec. This facility is poised to become a cornerstone of Coniagas's growth strategy, enhancing its ability to supply critical materials efficiently and sustainably to global markets. Coniagas has repeatedly shown a willingness to collaborate with different groups. The Company recently met with interests in Switzerland and Germany, to discuss the potential for a European pilot plant and production plants depending on European Union Funding programs.

Qualified Person

The technical information in this news release was reviewed and approved by Matthew Halliday, P.Geo., member of the Ordre des Géologues du Québec, who is a Qualified Person in accordance with National Instrument 43-101.

About Coniagas Battery Metals Inc.

Coniagas Battery Metals Inc. is a Canadian junior mining company, focused on nickel, copper, cobalt, and platinum group metals in Québec. The company's strategy aims to generate shareholder value by developing its mineral assets and constructing an advanced processing plant, positioning Coniagas as a potential key supplier for the electric vehicle (EV) industry.

Graal Project: Strategic Resource Development

The 100%-owned Graal project near Saguenay, Quebec, has shown significant potential through extensive geophysical surveys and shallow drilling. It has identified high-grade nickel and copper mineralization, with showings of cobalt, platinum, and palladium. The confirmed 6 km strike length of the project supports plans for an open-pit mining operation. Upcoming activities include further drilling, metallurgical testing, and consultations with First Nations, culminating in a NI 43-101 resource report. The NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada , dated January 17, 2024, provides detailed project information.

Long-Term Vision and Commercialization Strategy

Coniagas leverages proprietary technologies like the Re-2Ox hydrometallurgical process for the extraction and production of cleaner, low-carbon, battery-grade materials. This innovative process eliminates the need for traditional smelting, significantly reducing the environmental footprint. Combined with strategic projects such as Graal and CAM/pCAM production initiatives, Coniagas is positioning itself as a potential player in the future of the EV industry. For more information, visit the Company's website .

"Frank J. Basa"

Frank J. Basa, P. Eng., Professional Engineers Ontario

Chief Executive Officer

For further information, contact:

Frank J. Basa, P. Eng. Ontario

Chief Executive Officer

416-625-2342

or:

Wayne Cheveldayoff, Corporate Communications

P: 416-710-2410 E: waynecheveldayoff@gmail.com

You can follow Coniagas on Social Media:

LinkedIn:

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Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. ("Coniagas" or the "Company") which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the private placement referred to above, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.

Copyright (c) 2024 TheNewswire - All rights reserved.

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Coniagas Exploration Plan: Defining New Drill Targets and Optimizing Infill Holes

Coniagas Exploration Plan: Defining New Drill Targets and Optimizing Infill Holes

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC TheNewswire - March 11, 2025 Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company"), is working with Laurentia Exploration to fine tune the next drill program with both infill drilling and step-out holes on the Graal property, the Company's strategically located asset near Saguenay-Lac St. Jean, Quebec.

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Coniagas Battery Metals to Present at PDAC 2025 on the Prospective Nickel-Copper Graal Property in Quebec

Coniagas Battery Metals to Present at PDAC 2025 on the Prospective Nickel-Copper Graal Property in Quebec

Vancouver, BC – TheNewswire - February 25, 2025 – Coniagas Battery Metals Inc. (TSXV: COS) (“Coniagas” or the “Company”), is pleased to announce that it will participate and present at the PDAC 2025 Conference in Toronto from March 2 to March 5, 2025 and welcomes the opportunity to meet with investors to discuss recent developments and plans for the Company.

CEO Frank Basa, P.Eng. Ontario, is scheduled to give a presentation as part of the Nickel/PGM session of the Corporate Presentation Forum for Investors on Wednesday March 5 at 11:08 am in the Investment Hub Theatre and will be available during and afterwards to answer questions on Coniagas. Mr. Basa will also be available at other times during PDAC; if you wish a meeting, please contact us.

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Coniagas Grants Stock Options

Coniagas Grants Stock Options

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC TheNewswire - February 11, 2025 Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company"), announces that it has granted stock options to its directors to purchase an aggregate of 500,000 common shares in the capital of the Company.  The stock options are exercisable for a term of three years at an exercise price of $0.05 per share.  All stock options are granted in accordance with the terms of the Company's Stock Option Plan and the policies of the TSX Venture Exchange and are exercisable immediately.

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Coniagas Engages Laurentia Exploration for Drill Program on its near surface and extensive Ni-Cu-Co-PGM Massive Sulfide Mineralization Zones at Graal

Coniagas Engages Laurentia Exploration for Drill Program on its near surface and extensive Ni-Cu-Co-PGM Massive Sulfide Mineralization Zones at Graal

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC TheNewswire - February 3, 2025 Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company"), is pleased to engage the services of Laurentia Exploration to design and manage ongoing exploration activities at the Graal property, highlighting the potential of this strategically located asset near Saguenay-Lac St. Jean, Quebec.

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Coniagas Battery Metals Completes Private Placement

Coniagas Battery Metals Completes Private Placement

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC September 30, 2024 TheNewswire - Coniagas Battery Metals Inc. ("Coniagas" or the "Company") (TSXV:COS) announces that it has held a second and final closing of its previously-announced non-brokered private placement of units.

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Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent

Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent

Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) ("Western" or the "Company") is pleased to announce the results of the Company's Annual General and Special Meeting of shareholders (the "Meeting") held in Nucla, Colorado on June 27, 2025.

Proxy votes were cast for common shares representing approximately 51% of the issued and outstanding common shares of the Company as at the record date for the Meeting. Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in the Company's management information circular dated May 22, 2025, was duly approved by the requisite number of votes.

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SAGA Metals Appoints Accomplished Mining Executive Peter Hogendoorn to Board of Advisors and Engages Xander Capital Partners

SAGA Metals Appoints Accomplished Mining Executive Peter Hogendoorn to Board of Advisors and Engages Xander Capital Partners

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical minerals discovery, is pleased to announce the appointment of seasoned mining executive Peter Hogendoorn to its Board of Advisors, along with a key investor relations partnership aimed at elevating shareholder engagement and corporate visibility.

Appointment of Peter Hogendoorn to Board of Advisors

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SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the mobilization and commencement of its 2025 summer field program at the 100% owned Radar Titanium Property (the "Property") in Labrador, Canada.

Field crews arrived on site on June 17 and have initiated ground-based geophysical surveys targeting future high-priority drill targets. Concurrently, the team is constructing an access trail along the full 20 km strike extent of the Dykes River Intrusion oxide layering zone. Mobilizing drill rigs to the Trapper Zone is a first construction priority (see Figure 1 below).

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Lithium Universe Ltd  Settlement of Tranche 1 Share Placement

Lithium Universe Ltd Settlement of Tranche 1 Share Placement

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now settled the first tranche of its placement to sophisticated and professional investors (Tranche 1).

Highlights

- Successful settlement of Tranche 1 of the share placement to sophisticated and professional investors, raising $0.60 million

- Tranche 2 of the placement (subject to shareholder approval) is anticipated to be completed on or around 29 July 2025, raising $1.10 million

Tranche 1 comprised of 150,000,000 fully paid ordinary shares in the capital of the Company (Shares), which have been issued today under the Company's existing capacity under ASX Listing Rule 7.1 (15% capacity). The Shares under Tranche 1 were issued at a price of A$0.004 per Share, raising A$600,000. In addition, subject to shareholder approval, the Tranche 1 investors will be entitled to one new option for every two Shares subscribed for and issued, expiring 36 months from the date of issue of the options, and an exercise price of $0.008 (Options).

Tranche 2 Placement

As detailed within the Announcement, the placement comprises a second tranche of 275,000,000 Shares at an issue price of A$0.004 per Share, subject to shareholder approval (Tranche 2). Investors under the Tranche 2 placement will also receive a free attaching Option on a 1 for 2 basis, subject to shareholder approval.

The Company will seek shareholder approval at an upcoming general meeting, which is scheduled to be held on or around Wednesday, 23 July 2025.

Cleansing for secondary trading

The Company advises that the Shares issued under Tranche 1 have been issued without disclosure under Part 6D.2 of the Act in reliance on sections 708(8) and 708(11) of the Corporations Act 2001 (Cth) (Corporations Act).

In accordance with Section 708A(11) of the Corporations Act 2001, the Company confirms:

- the Shares under Tranche 1 are in a class of securities that are quoted securities;

- the Company lodged a prospectus with the Australian Securities and Investments Commission on 20 June 2025 (Prospectus);

- the Prospectus includes an offer of securities by the Company in the same class as the Shares issued under Tranche 1; and

- the offer under the Prospectus is and was open at the time of issue of the Shares under Tranche 1.

Accordingly, the T1 Placement Shares are eligible for immediate trading without on-sale restrictions.



About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

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