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Vital Battery Metals Inc
Symbol VBAM
Shares Issued 42,330,450
Close 2023-11-22 C$ 0.42
Market Cap C$ 17,778,789
Recent Sedar Documents

Vital Battery hires Dahrouge for Sting exploration

2023-11-22 10:24 ET - News Release

Mr. Adrian Lamoureux reports

VITAL BATTERY METALS ENGAGES DAHROUGE GEOLOGICAL CONSULTING

Vital Battery Metals Inc. has engaged Dahrouge Geological Consulting Ltd. to lead future exploration (including drilling) of the company's flagship asset, the Sting project. The company's Sting project covers approximately 12,700 hectares and hosts multiple historic base and precious metal mineral occurrences and is located within a 50-kilometre corridor known to host significant volcanogenic massive sulphide (VMS), copper quartz vein lode and low sulphation epithermal gold mineralization.

Dahrouge is a North American mineral exploration, consulting and project management group with offices in Edmonton and Montreal, Canada, and Denver, Colo. Dahrouge provides professional geological, logistical and project management services to the world's mining and mineral resource industry including project generation, program design, geophysics, project evaluation, and geology and resource estimations.

The company's management team has had a strong working relationship with Dahrouge for several years and believes Dahrouge is the best fit to lead all further work programs and drilling at the Sting project. Previously, the company announced assay results for grab samples from the Sting project that include 14.2 per cent Cu, 13.9 per cent Cu, 8.36 per cent Cu, 8.2 per cent Cu and 4.6 per cent Cu with gold values ranging from 181 parts per billion to 325 ppb (see the company's news release dated Jan. 1, 2023). Subsequent fieldwork during 2023 returned samples with 9.5 ppm gold, 4.84 per cent copper and 1.97 per cent zinc (see the company's news release dated Oct. 26, 2023).

"Our relationship with Dahrouge goes back several years, including my tenure at Patriot Battery Metals where their team was instrumental in acquiring and discovery the Corvette lithium project in James Bay, Quebec," said chief executive officer of Vital Battery Metals, Adrian Lamoureux. "Based on our previous work relationship and the results obtained, we are super confident in the potential of the Sting project and believe Dahrouge will be instrumental in helping us capture the project's full potential."

Jody Dahrouge, president of Dahrouge Geological, comments: "Given our past working relationship and the number of successful discoveries we've made, I am excited to be working with Adrian again on this new opportunity. Recent exploration results by Benton Resources Inc. at their Great Burnt copper-gold project in Newfoundland highlight the tremendous opportunities that can be achieved in Newfoundland."

Extension of marketing agreement

The company also announces, further to its news release on Sept. 14, 2023, that it has increased its engagement of marketing services with MIC Marketing Information & Content Publishing GmbH (address: Gerhart-Hauptmann-Str. 49b 51379 Leverkusen; e-mail: contact@micpublishing.de). MIC was originally retained by the company on Sept. 14, 2023, to provide marketing services for a term of six months, commencing Sept. 18, 2023. Pursuant to the terms of the MIC agreement, the company has decided to execute its option to increase the advertising budget by compensating MIC an additional 100,000 euros.

The company will not issue any securities to MIC as compensation for its marketing services. As of the date hereof, to the company's knowledge, MIC (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company.

About Vital Battery Metals Inc.

Vital Battery Metals Inc. is a mineral exploration company dedicated to the development of strategic projects comprising battery, base and precious metals in stable jurisdictions. The company is working to advance its Schofield lithium, Dickson Lake lithium, Sting copper project and Vent copper-gold projects.

The Sting copper project covers approximately 12,700 hectares and hosts multiple historic Newfoundland and Labrador government documented mineral occurrences and is located within a 50-kilometre corridor known for significant volcanogenic massive sulphide (VMS), copper quartz vein lode and low sulphation epithermal gold showings. The Vent copper-gold project covers 1,562 hectares in British Columbia. Vital continues to evaluate value-add assets to bolster its project portfolio.

The Schofield lithium project covers 8,824 hectares and is adjacent to Brunswick Exploration's Hearst lithium project. The Schofield lithium project is located approximately 60 km south of Hearst, Ont. The Dickson Lake lithium project covers 464 single-cell mining claims and approximately 9,780 hectares and is near a Brunswick Exploration lithium project, Imagine Lithium's Jackpot deposit and Rock Tech's Georgia Lake deposit.

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