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First Atlas Resources Corp. reports developments tied to its resource exploration portfolio, with recent updates centered on the Nova Scotia Project and natural hydrogen targets along a regional structural corridor. Company news has covered the use of Québec Innovative Materials Corp.'s R2G2™ exploration model, geophysical interpretation, field work, and drill planning used to refine hydrogen-anomalous zones.
Recurring disclosures also include corporate identity updates, mineral-claim portfolio management, and financing activity such as private placements and flow-through securities used to fund exploration programs. The company trades on the OTC Pink market under BTKRF and has also referenced Canadian and Frankfurt listings in its public releases.
Q Battery Metals Corp. (OTC PINK: BTKRF) has expanded the PegaLith Project by adding 300 Ha to the original claim block and acquiring an additional 473 Ha across six locations, totaling 1,409 Ha. This expansion targets geological indicators for lithium potential in the Gatineau region of Quebec. The company has identified 12 historic mineral showings from early 1900s mining activities, including lithium-bearing materials. Preparations for a 2023 Phase I exploration program will commence in late April or early May, focusing on sampling known pegmatite bodies. The firm emphasizes that existing resources nearby do not confirm mineralization on its site.
Q Battery Metals (OTCPink: BTKRF), formerly Black Tusk Resources, has updated its exploration efforts in Quebec, focusing on lithium mineralization. The company acquired the 636-hectare PegaLith project, which shows strong geological indicators for lithium potential. Preliminary rock sampling from previous programs indicates elevated lithium levels, particularly in the Boily-Berubé area, associated with granitic pegmatites. Notably, historic drilling has shown lithium presence near the La Corne South Project, adjacent to significant lithium deposits. Q Battery plans exploration programs for 2023, targeting both lithium and VMS projects.
Q Battery Metals Corp. updated on lithium exploration in Val d'Or, Quebec, highlighting promising results from their 2021 work program. Elevated lithium levels were identified in rock samples from the Boily-Berubé showing, with results including samples such as B0116756, which showed 468 ppm lithium. Historic drilling from 2004 by Noranda Inc. indicated up to 333 ppm lithium near the Boily-Berubé showing. The company plans further exploration on its lithium projects and has ongoing testing of VMS targets. Notably, Sayona Mining Ltd. nearby is reviving the North American Lithium mine, with significant reserves reported.
Q Battery Metals Corp. (CSE:QMET)(OTC PINK:BTKRF) has appointed Krystal Pineo as its new Chief Financial Officer and Director, replacing Renat Mataev, who has resigned from these positions. Pineo is a seasoned professional with experience as the founder of KP Capital Inc., a corporate advisory firm, and has held significant roles in other companies, including co-founding Better Plant Sciences Inc. and serving as COO at AbsolemHealth Corp. The company expresses its appreciation for Mataev's contributions. This leadership change is seen as a potential opportunity for renewed direction in the company.
Black Tusk Resources Inc. has announced a planned name change to Q Battery Metals Corp., along with a new trading symbol QMET, pending Canadian Securities Exchange approval. This change reflects the Company's focus on exploration of lithium and other minerals in Quebec.
The Company highlights several projects:
- Pegalith Project: Potential for lithium with historic resources nearby.
- Mogold Project: Targeting lithium and VMS deposits.
- PG Highway: Area identified for massive sulphide mineralization.
- Lorrain: Interest in platinum and nickel.
- McKenzie East: Previous drilling indicated gold presence.
Black Tusk Resources Inc. announces the grant of 3,174,000 stock options with a two-year term at an exercise price of $0.075 per share. Of these, 1,250,000 options are allocated to directors and officers. Additionally, the Company has entered a three-month marketing service contract with Outside The Box Capital Inc. for $50,000 and 325,000 stock options at the same exercise price. Winning Media LLC has also been engaged for digital advertising services, with a payment of US$75,000 due upfront. Both marketing firms are arm's length parties to the Company. The press release includes cautionary statements about forward-looking information and potential risks.
Black Tusk Resources has successfully closed its acquisition of 1396427 BC Ltd., gaining ownership of the PegaLith project near Gatineau, Quebec. The acquisition involves an initial cash payment of $16,000 and the issuance of 4,600,000 units at a deemed price of $0.075 per unit, totaling $345,000. Each unit comprises one common share and a share purchase warrant priced at $0.10 for two years. The transaction is arm's-length and does not lead to a change of control. Approval from the Canadian Securities Exchange is pending, with securities subject to a four-month resale restriction.
Black Tusk Resources is acquiring the PegaLith Lithium project in Quebec, covering 636 hectares (1,571 acres) with significant lithium potential. Located 25 km north of Gatineau, the project is near historic mines that provided insights into lithium presence. Black Tusk paid $16,000 and will issue 4.6 million units at $0.075 each, totaling $345,000. The units comprise one share and one warrant, exercisable at $0.10 for two years. The exploration program for 2023 includes initial sampling of pegmatitic outcrops for lithium. Currently, shares are trading at $0.07.
Black Tusk Resources has entered a share purchase agreement to acquire 1396427 BC Ltd., the holder of the PegaLith project in Quebec. This project covers 636 hectares with strong mineral indicators for lithium potential, located 25 kilometers north of Gatineau. The acquisition includes an initial cash payment of $16,000 and the issuance of 4.6 million units valued at $345,000. Each unit consists of one common share and one share purchase warrant. The transaction is subject to Canadian Securities Exchange approval and is not expected to change control of the company.
Black Tusk Resources Inc. has closed a second tranche of its private placements, raising a total of $337,911.92. This includes 4,273,532 flow-through units for $260,411.92 and 1,550,000 non-flow-through units for $77,500. The flow-through units come with warrants to purchase shares at $0.10 and non-flow-through units at $0.075, both for two years. The funds will support mineral exploration and general working capital. Securities issued are subject to a four-month hold.