Battery Age Minerals Ltd (ASX: BM8; “Battery Age” or “the Company”) is pleased to announce that, following continued positive discussions and consultation with Whitesand First Nation, it has executed an Early Exploration Agreement (“EEA”), enabling the Company to commence drilling activities at its Falcon Lake Lithium Project in Ontario, Canada.

Battery Age is grateful for the support and endorsement of Whitesand First Nation and is committed to continuing to work closely with Whitesand throughout all stages of the project.

The Company believes that, by working collaboratively with Indigenous communities, it can create long- lasting and mutually beneficial partnerships that generate significant economic opportunities and contribute to the sustainable development of local communities.

Battery Age Chief Executive Officer Gerard O’Donovan commented: “We welcome the finalisation of our Early Exploration Agreement with Whitesand and the formalisation of a strong partnership. We appreciate the support of Chief Gustafson and the Whitesand Council and extended community. The Company is extremely pleased that it took the time to cement a strong partnership with our First Nations partners, putting in place a strong and sustainable framework for advancing the Project in close collaboration with Whitesand First Nation.”

“Wenowlookforwardtoturningourfullfocustodrillingat Falcon Lake and rapidly unlocking the potential of this project for all of our key stakeholders.”

With equipment already on site in anticipation of the finalisation of this pivotal agreement, the Company has immediately commenced its drilling activities at the Falcon Lake Lithium Project and will provide updates to shareholders as the program progresses.

The agreement is for an indefinite term and may be terminated by either party giving three months’ written notice. The agreement is material to the extent that it demonstrates the continued support of Whitesand Frist Nation for access to tenure for exploration purposes, while providing confidence to the Whitesand First Nation regarding commercial, social benefit and cultural matters. There are no material conditions precedent to the Agreement.

Figure 1 – Diamond drill rig set up for the first hole at Falcon Lake, adjacent to outcropping pegmatites.

Click here for the full ASX Release

This article includes content from Battery Age Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.