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
Victory Stakes Additional 953 Hectares Expanding Its Tahlo Lake Property in B.C.’s Babine Copper-Gold Poryphyry District to 1,688 Hectares
Victory Battery Metals Corp. (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company has staked 953 hectares, expanding its Tahlo Lake Property in British Columbia's prolific Babine Copper-Gold Porphyry District to 1,688 hectares.The Tahlo Lake property is 8 km northwest of American Eagle Gold's (AE) NAK Property.
- Victory has staked an additional 953 hectares at its Tahlo Lake property to cover highly anomalous gold in till samples to the north and south of the original property
- The ground also covers more of the linear magnetic high that may indicate intrusives
- British Columbia's Babine Copper-Gold Porphyry District contains American Eagle Gold Corp.'s (AE)'s NAK property, the Morrison deposit and the historical Bell & Granisle mines
Tahlo Lake Property Highlights
- The Tahlo Lake Property now consists of 1,688 hectares, 8km NW of the NAK Property and 16km NW of the Morrison Deposit
- The Tahlo Lake Property is adjacent to the same NNW trending fault as the Morrison deposit and underlain by Jurassic Hazelton Group rocks
- Babine porphyry deposits, such as NAK, Morrison, Bell and Granisle, are hosted by Jurassic strata and associated with major NNW trending faults.
- The property overlies a significant NNW trending magnetometer high within the Hazelton Group rocks. Porphyry Cu-Au mineralization in the Babine camp is often associated with mag highs
"Our Geology team has expanded and staked additional ground on our Tahlo Lake property, following more analysis on this area, including promising historical findings within the Babine copper-gold porphyry district," said Mr. Mark Ireton, Victory Resources President. "With this expanded ground, our team is working to develop an exploration plan to advance the Tahlo Lake property."
About The Tahlo Lake Property
- 1688 hectare property lies within the Babine Copper-Gold Porphyry District that contains American Eagle's NAK Property (TSXV: AE)
- A regional geochemical survey silt sample in the center of the property returned over the 96th percentile for Cu and over the 98th percentile for Zn. Surrounding RGS samples form a cluster of elevated Cu and Zn values
- Noranda reported a linear soil anomaly approximately 50 m x 500 m, trending NNW, with Cu values ranging from 60 to 720 ppm Cu to the southwest of the area drained by the highly anomalous silt sample site. Noranda never followed up on the anomaly and no work has been reported since
- A regional till sample taken about half a kilometer east of the soil anomaly returned elevated Cu and highly anomalous Zn (>98th percentile). A till sample about 2 km down ice from this site on the returned over the 95th percentile for Au.
- Another till sample on the newly staked property returned 49 ppb Au, which is over the 98th percentile for the region
The technical information contained in this news release has been reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, who is a Qualified Person as defined under National Instrument 43-101.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: info@victorybatterymetals.com
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE: VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Jindalee Realises $2.75M from Sale of Non-Core Asset
Jindalee Lithium Limited (Jindalee, the Company; ASX: JLL, OTCQX: JNDAF) advises that the Company has sold its shareholding in Dynamic Metals (ASX: DYM, Dynamic), raising $2.75M before costs.
Dynamic was formerly a Jindalee subsidiary which held Jindalee’s Australian exploration assets. Dynamic was spun out of the Company in January 2023 following a $7M IPO which included a priority entitlement to Jindalee shareholders1, leaving Jindalee as a pure play US lithium company focussed on the 100% owned McDermitt Project (McDermitt), one of the largest lithium deposits in the US and of global significance.
In mid-November 2024 Jindalee announced the results of a Pre-Feasibility Study (PFS) on McDermitt2. The PFS confirmed a 63 year life with the Project producing 1.8Mt Lithium Carbonate at C1 costs of US$8,670/t for the first 40 years and a 5 year payback. The PFS also noted excellent potential to reduce capital and operating costs as well as increase production at McDermitt.
Priority activities following completion of the PFS include engagement with potential funding partners and US Government agencies, together with investigation of opportunities to improve Project economics, permitting and community engagement. The proceeds from the Dynamic sale will enable these activities to be accelerated.
Jindalee’s CEO Ian Rodger commented"This transaction is firmly aligned with our strategy of advancing McDermitt while preserving shareholder value. At a time when many lithium companies are struggling to raise capital, Jindalee’s ability to unlock funding from a non-core asset enables us to accelerate project development in a less dilutive way. History shows that projects advanced during downturns are best positioned to capture the upswing, and with lithium prices at unsustainable levels, a supply crunch is inevitable. This funding provides us the runway to progress key catalysts—including engagement with potential funding partners and US government agencies, project optimisation, and advancing permitting and community engagement. As one of the most advanced sedimentary lithium projects in the US, McDermitt is strategically positioned to benefit from the policy priorities of the new administration as the US moves to secure domestic supply of critical minerals."
Click here for the full ASX Release
This article includes content from Jindalee Lithium 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.
Extension of Broker Option and Retail Offer
Further to the announcements made on 10 February 2025 (RNS Number: 5769W) and 17 February 2025 (RNS Number: 2615X), CleanTech Lithium PLC announces that it is extending the deadlines for both the Broker Option and Retail Offer, partly due to an administrative delay registering the ISIN for the warrant instrument. No other changes to the timetable have been made.
Revised Expected Timetable
Broker Option and Retail Offer close | 5:00pm on 7 March 2025 |
Results of the Broker Option and Retail Offer announced | 10 March 2025 |
Admission and dealings in Broker Option Shares and Retail Offer Shares commence | 20 March 2025 |
The extension provides additional time for investors and shareholders to participate as the Company progresses its strategy to develop sustainable lithium projects in Chile, supporting the global energy transition. Bids and applications already made remain valid and binding, with no further action required from those who have already submitted a bid in the Broker Option Bookbuild or an application for the Retail Offer.
As stated in the RNS circulated on 10 February 2025, the Company announced an accelerated bookbuild to raise gross proceeds of £2.4 million by way of a placing of 15,000,000 new Ordinary Shares at a price of 16 pence per new Ordinary Share.
The Company also granted a Broker Option to Fox-Davies Capital Limited, pursuant to which up to an additional £2.0 million can be raised at the Issue Price. In view of the potential interest of retail shareholders in participating in the Fundraising, the Company also announced a retail offer via BookBuild (the "Retail Offer") of new ordinary shares (the "Retail Offer Shares") at a price of 16 pence per Retail Offer Share together with one Warrant for every Retail Offer Share. The Retail Offer is only being made available to existing shareholders of the Company on the same financial terms as shares are available under the Broker Option.
The amount raised under the Broker Option and the Retail Offer will not in aggregate exceed £2 million.
Words and expressions defined in the Company's announcements of 10 and 17 February 2025 shall have the same meaning in this announcement.
For further information contact: | |
Steve Kesler/Gordon Stein/Nick Baxter | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 |
Or via Celicourt | |
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani | +44 (0) 20 7770 6424 cleantech@celicourt.uk |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 20 7628 3396 |
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies | +44 (0) 20 3884 8450 |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 20 7523 4680 |
Notes
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.
CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com
Click here for the full release
This article includes content from Cleantech Lithium PLC, 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.
Chinese Firm Halts Lithium Tech Exports as Global Supply Chain Shifts Accelerate
A Chinese company has halted exports of filtration equipment used in lithium extraction, reflecting the impact of Beijing’s proposed restrictions on battery and lithium technology exports.
Jiangsu Jiuwu Hi-Tech (SZSE:300631) informed customers last month that it would stop exporting a key lithium-processing component known as a sorbent starting on February 1, Reuters reported on Tuesday (February 18).
The news outlet notes that the move signals Chinese manufacturers are adjusting their practices even before Beijing’s proposed export controls have been formally implemented.
Sorbents are essential in lithium extraction from brine and other solutions. China is the largest producer of these materials, but the scale of the market remains unclear due to limited official data.
China's proposed export restrictions, announced in January, would require companies to obtain government licenses for overseas sales of certain battery and lithium-related technologies, including sorbents.
An anonymous lithium extraction technology company executive said both Jiangsu and Sunresin New Materials (SZSE:300487) — another major sorbent producer — are talking to Chinese authorities about the proposed controls.
China’s Ministry of Commerce has not publicly commented on the proposal since its announcement, but the prospect of tighter restrictions is already influencing corporate decision making. Some industry participants believe the proposed measures are discouraging exports of listed items, particularly to countries perceived as unfriendly.
A China-based international lawyer working with clean energy firms noted that commerce ministry officials have visited companies that could be affected, warning one firm against proceeding with a US$1 billion export deal under negotiation. The lawyer added that banks are requiring additional approvals before financing exports of controlled items.
China’s Ministry of Commerce has not responded to Reuters' requests for comment.
Similar measures have already disrupted global supply chains in other sectors. In December, China announced an export ban on antimony, a critical mineral used in batteries and flame retardants.
Western nations diversifying battery metals supply chains
Potential restrictions on Chinese sorbents has raised concerns among western companies seeking to develop lithium extraction capabilities, particularly oil firms exploring lithium recovery from brine deposits.
More broadly, the uncertainty surrounding China’s export policies aligns with wider efforts by western governments and companies to secure alternative sources of critical minerals.
The US, the EU and other allies have accelerated policies aimed at reducing dependence on China for materials essential to electric vehicle batteries, renewable energy technologies and defense applications.
The Minerals Security Partnership, launched in June 2022, is a collaborative effort among 14 countries and the EU. Its primary goal is to secure supply chains for critical minerals, reducing dependence on any single source.
In the semiconductor industry, efforts to diversify supply chains have also gained momentum.
Under the Biden administration, the US enacted the CHIPS and Science Act, allocating nearly US$53 billion to bolster domestic chip production. This legislation aims to revitalize US semiconductor manufacturing, create jobs and enhance national security by reducing reliance on foreign suppliers.
In Europe, the EU's Critical Raw Materials Act, introduced in 2023, aims to increase domestic production of strategic minerals while establishing partnerships with resource-rich nations outside China. The EU has been engaging with countries such as Chile and Argentina — major lithium producers — to strengthen supply chain security.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
LU7 Announces Strategic Partnership with Polyechnique Montréal
Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7”) is pleased to announce the signing of a Memorandum of Understanding (MOU) with La Corporation de l’École Polytechnique de Montréal (Polytechnique Montréal). Lithium Universe Limited and Polytechnique Montréal have entered into a strategic partnership aimed at advancing lithium processing technologies and strengthening the local supply chain for critical battery materials in Canada. The collaboration, outlined in a Memorandum of Understanding, seeks to enhance education, research, and innovation in areas of mutual interest, with a primary focus on building Canadian expertise in the lithium battery sector.
Highlights
- Collaboration in lithium processing with renowned local University
- Build local Canadian expertise in battery materials
- Enhance education, training, and research in critical mineral industry in Canada
- Drive innovation in engineering solutions for sustainability
- Promote student and faculty practical experience in lithium industry
- Support the onshoring of the lithium battery supply chain in Canada
About Polytechnique Montréal
Polytechnique Montréal is one of Canada’s leading engineering schools, renowned for its research and innovation in applied sciences and technology. Located in Montréal, Quebec, it is affiliated with the Université de Montréal and serves as a hub for multidisciplinary research and development. Polytechnique's commitment to addressing global challenges, including sustainability and energy transition, aligns closely with LU7’s mission to support the advancement of critical materials for clean energy. With a focus on academic excellence and technological innovation, Polytechnique provides a dynamic environment for students, researchers, and industry partners to collaborate and drive impactful solutions.
Key Objectives of the Partnership
The primary aim of the partnership is to enhance local expertise and innovation in Canada. This involves developing and strengthening capabilities in lithium processing through various initiatives such as joint research, innovation projects, and educational programs. Specifically, the focus will be on building local expertise in lithium processing tailored for the battery industry and conducting research to innovate in lithium processing technologies.
Another crucial objective is education and talent development. The partnership seeks to foster educational growth by offering numerous opportunities including internships, fellowships, co-ops, and joint academic projects. This effort is geared towards supporting diversity, encouraging entrepreneurship, and incubating start- ups within the lithium battery sector.
Furthermore, strategic educational partnerships will be established to facilitate collaboration in the development and delivery of postgraduate and short courses. These partnerships will also encompass student placements and co-developed research projects, enhancing the educational landscape and practical experience in the field.
Lastly, the partnership underscores the importance of sustainability and commercialization. It aims to drive sustainable practices within the industry while also supporting the commercialization of new technologies. This initiative will help bolster Canada's role in the global energy transition by turning innovative research into market- ready solutions.
This partnership is set to last for an initial term of five years, with the possibility for further collaboration through additional project agreements.
Lithium Universe Chairman, Iggy Tan said, "It is a privilege to partner with this prestigious university as we ignite innovation and cultivate a thriving lithium battery industry in Canada. Together, we are committed to educational excellence and sustainable industry growth, shaping a future where Canadian expertise leads the global stage.”
Polytechnique Director of the Office of Partnerships and Research Infrastructure, Augustin Brais said, “We are enthusiastic about this new, synergetic and innovative partnership that will enhance our educational and research mission towards a greener and more sustainable societal electrical energy future."
Click here for the full ASX Release
This article includes content from Lithium Universe, 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.
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