Coniagas Personally Invited to DRC by Madame Governor of Lualaba for Potential Feedstock Streams

(TheNewswire)

Vancouver, BC TheNewswire - August 12, 2024 - Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company") is pleased to announce that Madame Governor Fifi Masuka of Lualaba, Democratic Republic of the Congo (DRC), personally extended an invitation for September 9 to 28, 2024 in the DRC following the Congolese-Canadian Investment Seminar held in Toronto, Ontario.

Since 2017, Coniagas and its representatives have actively evaluated potential feedstock streams and processing plants along the Central African copper belt. The proposed trip will serve as a due diligence mission aimed at establishing potential strategic partnerships and long-term supply agreements, which will provide additional flexibility to utilize our vertically integrated network of assets.

Participation in Congolese-Canadian Investment Seminar

Coniagas attended Lualaba Governor Fifi Masuka's Investment Seminar hosted by Canada Africa Chamber of Business on June 24, 2024 at the National Club in Toronto, Ontario. Several strategic partners and civic leaders joined the event, including:

Madame Governor of Lualaba, the Honourable Fifi Masuka
Minister of International Development of Canada, the Honourable Ahmed Hussen
Paula Caldwell St-Onge, a leading ambassador with Global Affairs Canada
Trevor Fortune , Senior capital markets advisor, and representative of the African Export Import Bank with a specialty in infrastructure development
John Versfelt Senior mineral exploration professional currently active in Central Africa and Latin America
DeWayne Boyd Former speaker of the Michigan House of Representatives who currently leads a network of diaspora professionals with stakes in the DRC and neighboring countries
Jean Claude Atusameso President of the Congo Chamber of Commerce in the United States and lead architect of Conflict Free mineral legislation

Meeting with Mining Cooperatives and Local Government

Building on a business model as a tolling operator, this approach will not only increase the value of the raw materials before sale but also ensure higher recovery rates and environmentally responsible mining practices.

In alignment with responsible sourcing standards, Coniagas will implement sustainable mining practices that are both environmentally and socially informed. In alignment with the objectives of the DRC government, the initiative also includes a proposal for utilizing Re-2Ox technology, which will increase local value addition and retain more benefits within the country.

The DRC is responsible for producing around 70 percent of the world's total cobalt output, and between 15 and 30 percent of the cobalt supply in the DRC comes from artisanal and small-scale mining operations. The Lualaba province itself makes an outsized contribution , which is home to the industry-leading Kamoto Copper Company (KCC) and the Tenke Fungurume Mine.

Invitation and Due Diligence Mission

Deepening ties between the DRC, the United States, and the European Union indicate a growing realization that with the constraints of existing permitting protocols and the limited supply currently available, EV battery production cannot be fully sourced domestically. Prioritizing the DRC as a source of critical metals reflects a broader US strategy embodied in the Mineral Security Partnership (MSP). The MSP aims to strengthen global mineral supply chains and includes commitments from more than a dozen countries and the EU.

Coniagas intends to review the multiple streams of feed being offered, including both the 200 – 500 tonnes monthly stream of copper-cobalt concentrates that has been made available, and the nearly 30 million tonnes of stockpiled material from the mining co-operatives, this would allow the Company to leverage its unique intellectual property as a service provider and Re-2Ox processing technology as a potential toll operator. The Company cautions that there is no certainty any agreement will be reached.

Integration with Long term Strategy

Further to the "Feed First" strategy, the Company recognizes the challenges of depending on one source or one jurisdiction alone and has consequently arrayed its resources to be resilient in the face of price volatility and geopolitical tensions if and when they arise. The Company anticipates this strategy will dovetail with its efforts in Quebec, where its Graal deposit is located. In the time it takes to fully develop the Graal deposit, feed from the operations in Congo can potentially secure the strategic relationships needed to execute the Company's long-term strategy.

Click Image To View Full Size

Photo 1: From Left: John Versfelt, Aurelian Basa, Dewayne Boyd. From Right: Trevor Fortune, Jean Claude Atusameso

Click Image To View Full Size

Photo 2: Aurelian Basa and Madame Governor the Honourable Fifi Masuka

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, along a 6 km strike length at shallow depths potentially suitable for open-pit mining. 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:

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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.

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Coniagas Battery Metals Holds First Closing of Private Placement

(TheNewswire)

Vancouver, BC August 30, 2024 TheNewswire Coniagas Battery Metals Inc. ("Coniagas" or the "Company") (TSXV: COS) announces that it is holding a first closing of its previously-announced non-brokered private placement at which it will issue an aggregate of 3,201,166 units at a price of $0.12 per unit for gross proceeds of $384,140. Each unit is comprised of one common share and one-half of a common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share at a price of $0.15 for five years from the date of issuance.

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Coniagas Battery Metals Announces Results of Annual Meeting

(TheNewswire)

Vancouver, BC TheNewswire - August 13, 2024 - Coniagas Battery Metals Inc. ("Coniagas" or the "Company") (TSXV: COS) is pleased to announce that all six nominees listed in its management information circular dated June 26, 2024 were elected as directors at the Company's annual meeting held today in Montreal with a vote of more than 99% of the votes cast at the meeting. Coniagas' Board of Directors now consists of Jessie Acton, Daniel Barrette, Aurelian Basa, Frank J. Basa, Ronald Goguen, Sr. and Heidi Gutte.

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Altech Batteries Ltd CERENERGY Battery Project Funding Update

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce an update on funding of the CERENERGY(R) sodium-chloride solid-state battery project in Saxony, Germany.

Highlights

- Financing plan and target structure in place

- Funding investment teaser documents and data room established

- Reach out to 10 commercial banks and 2 venture debt funds - all positive interests

- Shortlisting potential lead bank

- Equity Funding - potential sale of minority interest of the project to realise capital and strategic value

- Discussions and draft term sheets shared with investors

- Offtake agreement LOI signed with ZISP

On 14 June 2024, the Company, through its Germany subsidiary Altech Batteries GmbH ("ABG"), announced the appointment of global big four professional services firm ("funding adviser") to assist in securing finance for the construction of Altech's 120MWh CERENERGY(R) battery manufacturing plant in Germany. The project's financing strategy is structured across three key areas: debt, equity, and grants.

These sources will cover not only the capital expenditures but also financing costs, working capital, debt service coverage, and an additional contingency for potential business interruptions, See Figure 1*.

DEBT PROCESS

A funding invitation document (investment teaser) has been finalised and distributed to various financial institutions for debt funding in the project. The Group has engaged ten commercial banks and two venture debt funds in a first market round, receiving predominantly positive initial feedback. Several of these institutions have expressed strong interest in participating in the financing. The Group is now in the process of shortlisting potential lenders to identify the most suitable financial partners for the project. To support a thorough due diligence process, a secure data room has been set up, providing detailed project information to interested financiers and ensuring full transparency. The DFS financial model has been adjusted to stress-test various funding scenarios tailored to the lending institutions ABG has engaged with. Further steps involve determining the most suitable banks to form a syndicate and appointing a lead bank to guide the lending process. This syndicate will play a crucial role in structuring the financing arrangement to meet the project's requirements.

EQUITY FUNDING

In addition to ongoing debt financing efforts, the Group has engaged several equity advisers to support the equity component of the project's funding package. As part of this strategy, the Altech Group plans to divest a minority interest in the project to one or two strategic investors. This partial divestment aims to attract investors who can bring not only capital, but also strategic value to the project, aligning with the CERENERGY(R) project's long-term growth and sustainability objectives.

The Group is specifically targeting large utility groups, data centre operators, investment funds and corporations that are heavily involved in the green energy transition. These entities are seen as ideal partners due to their strong alignment with the project's focus on sustainable energy solutions, as well as their capacity to provide substantial financial backing.

To date, significant progress has been made in these equity discussions. Several Non-Disclosure Agreements (NDAs) have been signed, allowing for deeper engagement with prospective investors. Altech has also circulated draft term sheets to a number of interested parties, outlining the proposed terms and conditions for investment. These documents serve as a starting point for negotiations, paving the way for more detailed discussions regarding the potential equity stake and partnership structure.

The strategic decision to divest a portion of the project is aimed at reducing the overall financial burden on the Company while bringing in experienced partners who can contribute to the project's success. By securing both the equity and debt components, the Company aims to finalise the full financing package, ensuring the timely construction and commissioning of the CERENERGY(R) battery plant. The next steps will focus on advancing these discussions and converting interest into formal commitments, which are crucial for moving forward with the project.

OFFTAKE ARRANGEMENTS

On 13 September 24, Altech announced the execution of an Offtake Letter of Intent between Zweckverband Industriepark Schwarze Pumpe (ZISP) and Altech Batteries GmbH. Under this Offtake Letter of Intent (LOI), ZISP will purchase 30 MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The price of these batteries has been agreed and aligns with the sales price contained within Altech's Definitive Feasibility Study. The purchase of these batteries is subject to performance tests, battery specifications and the batteries meeting customer requirements. This offtake LOI constitutes an important aspect of the financing process. This lays the foundation for additional offtake arrangements, which are currently in progress. These agreements are vital for advancing our financing and construction timelines for the CERENERGY(R) project.

CEO and MD Mr Iggy Tan stated "The funding stage of any project is the most complex and challenging process of any project. Securing a big four funding adviser with expertise and a global network is a major step in our financing efforts. Altech is advancing both debt and equity discussions, along with offtake agreements, to fully fund the CERENERGY(R) project. We are seeing strong interest, especially from European banks and potential equity partners".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/PO741A78

To view MD Iggy Tan explain the Funding, please visit:
https://www.abnnewswire.net/lnk/23705649

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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E-Power Resources Inc. Announces Closing of a Third and Final Tranche of Oversubscribed Private Placement

E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") announces that it has closed a third and final tranche of the private placement previously announced on September 24, 2024 (the "Private Placement"). The oversubscribed private placement was originally announced for $420,000, but a total of $526,264 was raised in all three tranches.

An aggregate of 3,150,000 units (the " Units") of the Company were issued in the third and final tranche at a price of $0.05 per Unit for gross proceeds of $157,500, each Unit being comprised of one common share in the capital of the Company (each a "Common Share") and one-half common share purchase warrant (each a "Warrant"), each Warrant entitling its holder thereof to acquire one additional common share (each a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 60 months from the closing date. (the "Offering").

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Edison Lithium Arranges Sale of Interest in Argentinian Lithium Properties for US$3.5 Million

Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that, effective November 12, 2024, it has accepted a non-binding purchase offer letter from Mava Gasoil LLC ("Mava"), a corporation based in Houston Texas, for the sale of 100% of the interest in the Company's Argentina subsidiary, Resource Ventures S.A. ("ReVe"), in consideration for USD$3,500,000. One of the LEXI claims owned by ReVe and the royalties on that mining property, and the PINAC mining properties owned by ReVe are excluded from the sale and will be retained by Edison.

ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The claims are principally located in the two geologic basins known as the Antofalla Salar and the Pipanaco Salar. ReVe's assets on closing of the disposition to Mava will include 30 mining concessions covering approximately 104,538 hectares area in Catamarca Province, Argentina. The Company will retain and focus its Argentinian efforts on 8 mining concessions covering approximately 35,000 hectares area in Catamarca Province, Argentina, which are not subject to the sale and amount to approximately 25% of the claims currently held by ReVe.

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Loop	Conductor	Drillhole	Conductivity-thickness (s)	Dimensions (Strike x Dip)	Dip/Dip-direction	Depth to top (mRL)
Loop 1	NA	PAL0352	-	-	-	-
Loop 2	NA	PAL0072, PAL0362	-	-	-	-
Loop 3	South Palokas Deep "A"	PAL0367	100	130m x 200m	48/333	-340m
Loop 3	South Palokas Deep "B"	PAL0367	110	120m x 110m	17/314	-370m
Loop 3	Palokas Deep	PAL0200	160	100m x 135m	34/330	-129m
Loop 4	Hirvimaa	PAL0073	150	150m x 150m	12/103	-50m
Loop 5	Raja Footwall	PAL0171, PAL0355	80	70m x 110m	44/326	-125m

Coniagas Personally Invited to DRC by Madame Governor of Lualaba for Potential Feedstock Streams

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Overview

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Key Projects

Graal Project

Lowney- Lac Edouard Project

Management Team

Frank Basa - CEO

Aurelian Basa – Director

Ronald Goguen – Independent Director

Remantra Sheopaul – CFO

Jessie Acton – Independent Director

Daniel Barrette – Director

Heidi Gutte – Director

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