Mr. Thomas Yingling reports
GREEN BATTERY MINERALS RELINQUISHES CLAIMS AT THE JUPITER LITHIUM PROJECT, IN QUEBEC
Green Battery Minerals Inc. has relinquished its rights to claims at the Jupiter lithium project. The company entered into an agreement with the Vendor (see news release dated
May 4, 2023) and has elected not to maintain the option agreement terms (see news release dated
Oct. 19, 2023) due to a diminishing market for early-stage lithium pegmatite projects.
The company will continue to focus its efforts on the Berkwood graphite project in Quebec, where results from the recent fieldwork are expected in Q1 2025 (see news release dated
Dec. 23, 2024).
About the Berkwood graphite project
The Berkwood graphite project is located within the jurisdiction of Quebec in the Manicouagan regional county municipality (three-hour driving time from the city of Baie-Comeau). Easy access is provided through a major secondary road and numerous tertiary and forest roads that traverse the property.
The Zone 1 resource lies eight kilometres southwest of Nouveau Monde's deposit, which has a $3.5-billion net present value on it. The company's Zone 1 resource and that of Nouveau Monde share many similar geological characteristics, with the Zone 1 resource being of exceptionally high grade and coarse flake size by global standards.
The current mineral resource at the Berkwood graphite project includes in-pit constrained resource totalling 1,755,300 tonnes of indicated resources at 17.00 per cent Cgr (graphitic carbon) and 1,526,400 tonnes in inferred resources at 16.39 per cent Cgr.
The mineral resource estimates above are described in the technical report titled
"NI 43-101 Technical Report Mineral Resource Estimate
on the Lac Gueret South Graphite Property, Quebec, Canada," with an effective date of June 30, 2019, by Edward Lyons, PGeo, Florent Baril, Ing, and Claude Duplessis, Ing.
The historical data presented in this release are derived from public domain reports; the results have not been verified by the author and no subsequent drilling has been completed to confirm the drilled intersections of graphite from LG-13-04N.
About
Green Battery Minerals Inc.
Green Battery Minerals is managed by a team with over 150 years collectively with a proven record of not just finding numerous mines but building and operating them too. The Green Battery Minerals management team's most recent success is discovering the Berkwood graphite resource in Northern Quebec. Green Battery Minerals owns this asset 100 per cent, and the company's shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.
We seek Safe Harbor.
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