Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Free Battery Metal Limited (CSE: FREE) (formerly, Titus Energy Corp.) ("FREE" or the "Company"), announces its strategic initiative to spearhead advancements in sustainable mining practices through the innovative concept of phytomining. With a commitment to environmental stewardship and technological innovation, FREE Battery Metals Ltd. is actively seeking acquisitions, specialized advisors, and joint venture opportunities to propel its vision forward and invite collaboration from like-minded entities.
As the global demand for battery metals continues to surge, driven by the burgeoning electric vehicle market and renewable energy sector, FREE Battery Metals Ltd. recognizes the imperative for responsible resource extraction methods. Phytomining, harnessing the natural capabilities of hyperaccumulator organic plants to extract metals from soil, stands as a promising solution to mitigate the environmental impact of traditional mining operations while ensuring a sustainable supply chain for critical minerals essential to the clean energy transition.
"We are embarking on an exciting journey to redefine the future of FREE Battery Metals," says Pam Sangster, CEO of FREE Battery Metals Ltd. "Our commitment to sustainability is at the core of our mission, and phytomining presents a large opportunity to not only meet the escalating demand for battery metals but also to do so in an environmentally conscious manner."
Through strategic acquisitions, FREE Battery Metals Ltd. aims to consolidate its position as a leader in sustainable resource development, leveraging its expertise to identify and capitalize on opportunities within the phytomining space. The company invites prospective partners, specialized advisors, and forward-thinking mining firms to join forces in pioneering this innovative approach to mineral extraction.
Option Grant
Additionally, the Company announces that the board of directors has approved the grant of incentive stock options (the "Options") to consultants of the Company to purchase up to an aggregate of 1,000,000 common shares in the capital stock of the Company. The Options are exercisable at a price of $0.05 per common share and will expire 36 months from the date of grant.
On Behalf of the Board of Directors,
Free Battery Metals Ltd.
Pam Sangster, Chief Executive Officer
Email: sangsterpam52@gmail.com
Phone: 519-495-5823
Website: www.freebatterymetal.com
About Free Battery Metal Limited
Free Battery Metal Limited is a publicly traded company exploring for Lithium.
The Company is committed to responsible mining practices and is actively exploring the Mound Lake Property in northwestern Ontario. The property comprises 243, single-cell unpatented mining claims totaling approximately 4,860 hectares. Historically, there has been little or no mineral exploration on or near the Property. The Company sees lithium and other rare metals as critical commodities in supporting the global move towards green technologies including the transition to electric vehicles.
Forward-Looking Information and Cautionary Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur", or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company's potential mineralization and exploration of the Mound Lake Property in northwestern Ontario, and the potential for the discovery of Lithium and other rare metals.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company's ability to continue as a going concern; the continued commercial viability and growth in popularity of the Target's material properties; the Company's ability to develop the Mound Lake Property; continued approval of the Company's activities by the relevant governmental and/or regulatory authorities; and the Company's ability to realize upon the potential discovery of Lithium and other rare metals on its properties.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the mining industry in general; the potential future unviability of the Company's material property; risks associated with potential governmental and/or regulatory action with respect to the Company's activities; risks associated with the Company's ability to generate a profit; and the Company's inability to realize upon the potential discovery of Lithium and other rare metals on its properties.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198661
SOURCE: Free Battery Metal Limited
