Mr. Thomas Yingling
reports
Green Battery Minerals Inc. has received Toronto Stock Exchange approval to the property acquisition
agreement dated Feb. 23, 2023. The company entered into an agreement with Michel Robert and Hugh Oswald
to option 1,1622.30 hectares of mineral claims semi-contiguous to the Berkwood graphite project, located in Northern Quebec, in consideration for the issuance of a warrant to purchase up to 613,000
common shares, exercisable at the price of nine cents per share for three years. The vendors are at arm's length to the
company. No finders' fees are payable. The securities to be issued will have a four-month-plus-one-day hold period
from issuance.
These claims are semi-contiguous to the company's Berkwood project and in the same graphite-bearing geological
formation that contains graphitic outcrops. The Berkwood project is based on the concept of mining shallow
contiguous graphite deposits and outcrops. The newly acquired claims also have similar geophysical features as
Berkwood and sampling has already produced high-grade graphite at surface. The properties are road accessible with
excellent infrastructure nearby.
In addition, the company has received TSX approval to the property option agreement enter into on May 3, 2023, with
Contigo Resources Ltd. known as the Juniper property. In consideration for the option, the company agreed to pay
$50,000 within five days of signing (paid) and an additional $250,000 before Oct. 21, 2024. Further, the company
has agreed to incur: (1) $100,000 of work expenditures by Dec. 31, 2023; and (2) an additional $500,000 by
Oct. 21, 2024. Contigo Resources will retain a 2-per-cent net smelter return royalty, 1 per cent of which can be reduced for $1.5-million any time
prior to commercial production. Contigo Resources is arm's-length to the company. No finders' fees are payable.
We seek Safe Harbor.
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