Battery Metals

Green Battery Minerals Inc. is pleased to announce that it has completed its previously announced non-brokered private placement as described in its News Releases of November 9, 2021, November 16, 2021 and November 23, 2021, pursuant to which it has issued an aggregate of 15,444,001 flow-through units at a price of $0.15 per FL Unit, for gross proceeds of $2,316,600 . Each FL Unit will consist of one common share in ...

(TheNewswire)



Green Battery Minerals Inc. ("Green Battery" or the "Company") (TSXV:GEM ) ( FSE:BK2P ) ( WKN:A2QENP ) ( OTC:GBMIF) is pleased to announce that it has completed its previously announced non-brokered private placement (the " Offering "), as described in its News Releases of November 9, 2021, November 16, 2021 and November 23, 2021, pursuant to which it has issued an aggregate of 15,444,001 flow-through units (each, a " FL Unit ") at a price of $0.15 per FL Unit, for gross proceeds of $2,316,600 . Each FL Unit will consist of one common share in the capital of the Company that is issued on a flow-through basis in accordance with the Income Tax Act (Canada) (each, a " FL Share ") and one half of one share purchase warrant (each whole warrant, a " Warrant "), with each Warrant entitling the holder thereof to purchase one (non-flow-through) common share in the capital of the Company (each, a " Warrant Share ") at a price of $0.20 per Warrant Share for a period of twenty four months following issuance

The Company paid cash finder's fees of $140,928 and issued 613,332 broker warrants (each, a " Broker's Warrant ") and 326,186 common shares to certain finders in connection with the Offering.  The Broker's Warrants have the same terms and conditions as the Warrants.

The proceeds from the Offering are expected to be used for Canadian exploration expenses and will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2021, to the initial purchasers of the FL Units in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares, as applicable, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the qualifying expenditures as agreed.  Net proceeds will be used for costs associated with the continued exploration/drill program and reports for a planned PEA for the Berkwood Graphite project.

The securities issued under the Offering, and the shares that may be issuable on exercise of the Warrants and the Broker's Warrants, are subject to a statutory hold period expiring four months and one day from the date of closing.

None of the securities to be issued in connection with the Offering will be or have been registered under the United States Securities Act of 1933 , as amended (the " 1933 Act "), and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release is being issued pursuant to Rule 135c of the 1933 Act and shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities, in any state where such offer, solicitation or sale would be unlawful.

About the Company: Green Battery Minerals is managed by a team with over 150 years of collective experience with a proven track record of not just finding numerous mines but building and operating them as well. The Green Battery Minerals management team's most recent success is discovering the Berkwood graphite deposit in Northern Québec. Green Battery Minerals owns 100% of this asset and the Company's shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.

On Behalf of the Board of Directors

Green Battery Minerals lnc.

‘Thomas Yingling'

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
or 1-604-343-7740

info@greenbatteryminerals.com www.greenbatteryminerals.com

Disclaimer for Forward-Looking Information:

Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release and expend the funds on Berkwood Graphite Project exploration and that the expenditures will qualify as flow-through mining expenditures .  It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements, along with the tax treatment of the flow-through shares. Risks and uncertainties include that the expenditures may not be qualified mining expenditures and that the shares will not be eligible for flow-through treatment, that the Company does not incur sufficient expenditures in a timely manner for the flow-through credits, further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; and we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedar.com . No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.  These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors.

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

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

Green Battery Minerals

Green Battery Minerals

Overview

Goldcore Resources Ltd. has changed its name to Green Battery Minerals Inc. The new name has been chosen to better reflect the company’s new strategic focus of working toward supplying green, clean (environmentally safe) produced elements for the battery market. This new chapter in the company’s growth and development will be reflected in the company’s corporate governance as it works toward being an ESG (Environmental, Social, and Corporate Governance) company.

Green Battery Minerals (TSXV:GEM,FSE:BK2P,WKN:A2QENP,OTCQB:GBMIF) is building test batteries to prove their graphite can be used in battery making. This entails verifying the sphericalizing and coating of their graphite, which if achievable, will add value to their end product.

The world is in the midst of an electric vehicle revolution. Market research projects the electric vehicles market to reach over 26 million units by 2030, with a CAGR of 21.1 percent from 2019 to 2030. With the increasing popularity and affordability of greener energies and alternatives to transportation and power, the world’s electrification is a movement that shows no signs of slowing down any time soon.

To meet this industry’s demands, investors need to look at the materials that power these green alternatives. Graphite, one of the most prominent elements of electric vehicle batteries, is predicted to remain a dominant component in these power sources for the foreseeable future. As the electric vehicle market grows, so will the demand for this material, which could rapidly increase to 15 times today’s demand by 2030.

Green Battery Minerals is an exploration company focused on developing its highly prospective graphite and gold assets. Leveraging excellent mining-friendly conditions and resource-rich geological profiles primes the company for success in the booming graphite and gold industries.

The company is currently operating mineral exploration in the mining-friendly jurisdiction of Quebec within relatively close proximity to one another. The projects leverage excellent infrastructure, easy access via forest roads and rich local resource networks.

Green Battery Mineral’s flagship Berkwood Graphite project sits near the Manicouagan regional county municipality in Quebec. The asset is also adjacent to the Mason Graphite (TSX:LLG) graphite deposit, which has seen over 10 million tonnes of contained graphite mineralization. The strategic positioning in relation to this deposit allows Green Battery Minerals to take advantage of Mason Graphite’s testing campaign results and much of the preliminary groundwork in determining the viability of the project.

The Berkwood Graphite deposit hosts surface-level graphite mineralization and some of the richest graphite quality in the world. Metallurgical testing on the asset has produced 97.8 percent grades from extraction and determined the host ore has minimal pollutants that could limit graphite yield.

 

 

The company is now one of the largest landholders in the surrounding Quebec area.

Recently, the company has also added gold exploration to its portfolio. Green Battery Mineral’s Stallion gold property in British Columbia strategically positions the company in a mining-friendly jurisdiction with great accessibility, world-class gold mines and past-producing gold deposits in the famous Golden Triangle.

In February 2021, Green Battery Mineral announced it had contracted ProGraphite, one of the world’s leading graphite research and development laboratories in Germany, to build several sample lithium-ion batteries using graphite from the company’s Berkwood Graphite deposit.

“I am very pleased to be one of the first North American graphite companies actually to build sample lithium-ion batteries from its own graphite,” Green Battery Mineral CEO Thomas Yingling said. This contract is an exciting step for Green Battery Mineral’s growth and leadership in the Western graphite market.

Green Battery Mineral Resources’ management team brings over 100 years of collective professional and field experience in the resource, engineering and financial sectors. Together, the deeply connected team primes the company for significant economic growth to meet the world’s increasingly high demand for graphite.

Green Battery Minerals’ Company Highlights

  • Focused on developing its graphite projects and highly-prospective gold asset.
  • The company currently operates their flagship Berkwood Graphite project.
  • The material hosted on the Berkwood Graphite property is very suitable for the production of expandable graphite, having achieved densities of 380 to 390 milliliters per gram and can be purified to 99.95 percent by the standard alkaline process.
  • ProGraphite, one of the world’s leading graphite R&D laboratories, is currently under contract with Green Battery Mineral to build sample lithium-ion batteries with the company’s graphite.
  • Stallion gold project is Green Battery Mineral’s gold asset. Leveraging favorable mining conditions of British Columbia, this project holds significant discovery potential.

Green Battery Mineral Resources’ Key Project

Berkwood Graphite Project

The project, previously known as the Lac Guéret graphite project, sits in the geological Grenville Province and part of the Plan Nord region in Quebec. Green Battery Mineral holds a 100 percent interest in the 2,052 hectare property. The company also has an option to earn a 100 percent interest in the Berkwood south block, which consists of 106 claims totaling 5,714 hectares.

The property’s location strategically positions the project adjacent to mining heavyweights like Mason Graphite. Like its geographic neighbors, the property hosts high-grade graphite mineralization and potentially high-yielding mineral targets. The company has already identified six conductive targets associated with magnetic anomalies, sulfides and iron formations.

Since 2018, Green Battery Minerals has conducted 3D modeling and extensive drill programming and has completed geophysical surveying for 44 holes. The surface-level deposit is averaging 80% large to jumbo flakes over the property, where concentration of graphite  grades are from 6.81 to 15 percent. The above-average flake size and grades are exciting discoveries for production and near-perfect purification potential that warrant additional exploration.

Stallion Gold Property

The Stallion property covers over 30 square kilometers in the northeastern region of the prolifically metal-rich Stikinia geological terrane of British Columbia. The project shares the same regional trend with several past-producing mines, such as the world-class Kemess gold-copper mine. Green Battery Mineral expects to complete a resource estimate and preliminary economic assessment early in 2021.

Green Battery Mineral Resources’ Management Team

Thomas Yingling — President, CEO & Director

Thomas Yingling benefits from over 23 years of experience managing publicly traded companies. He has served as President and CEO and a director of other resource-based public companies. During that time, Yingling has specialized incorporate finance, assisting in raising capital, corporate communications and strategic planning for the companies. Yingling has built and maintained strong business relationships in North America, Europe and Asia.

Ian Graham B.Sc. (Hons) — Director

Ian Graham is a mining professional with over 20 years of experience in the technical characterization and financing of mineral deposit exploration and development. His experience with the major mining companies Anglo American and Rio Tinto has been followed by experience in founding and financing public companies in the minerals sector. In his roles with both the primary and junior companies, Graham has been involved in modeling project economics (DCF) and the structuring of project and company financing. His project roles have taken him to Southern Africa, Canada, the US, India and Russia; as chief geologist with the Project Generation Group at Rio Tinto, his focus was global. His corporate roles have involved establishing Canadian companies with projects active in Canada, the US, Colombia and Peru. These companies have completed financing in the Americas, Europe and China. Graham graduated from the University of Natal in Durban, South Africa, with a B.Sc. in Geology and Applied Geology and B.Sc. (Hons) in Geology.

Binny Jassal CPA, CGA, FCCA — CFO

Binny Jassal brings over 20 years of accounting and management experience to the company. Jassal is qualified as a Certified Public Accountants (CGA) in Canada and fellow member of the Association of Chartered Certified Accountants in London, England, and holds a Certificate in Accounting and Finance from Ryerson University. Jassal is currently serving as a director and CFO for several public companies in the mining sector. Jassal will be an essential team member working on its financial and corporate side.

Charn Deol — Director

Charn Deol has over 35 years of experience in the financial markets. Deol currently serves on private and public company boards as a director or in a management capacity. His past and present experience include providing management and consulting services to companies, project analysis, investor relations, technical market analysis and international projects financing. Deol has extensive experience in international business development, having previously been a senior partner in a futures trading firm with operations in Canada and Asia and negotiating mining projects internationally.

Michel Robert — Technical Advisory Committee

Michel Robert has 45 years of experience in mining operations with significant companies, including Quebec Cartier Mining Ltd., Teck Corp., SNC, Lac Minerals, AMEC, MineroPeru, Fluor Daniel and Pan American Silver Corp., where Robert¹s roles have ranged from foreman to president. He has practical experience in operation, commissioning, design, construction, finance and due diligence and graphite experience from due diligence and start-up of the ND-du-Laus graphite mine of Asbury Graphite Ltd. and as VP of Quinto Mining Corp. responsible for the formation of the team and management of the Lac Guéret project until the sale of the company.

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