Welcome to our dedicated page for Linear Minerals news (Ticker: FEMFF), a resource for investors and traders seeking the latest updates and insights on Linear Minerals stock.
The FEMFF news feed aggregates public announcements and technical updates from FE Battery Metals Corp., which has announced a name change to Linear Minerals Corp. Company news is centered on mineral exploration activities in Quebec, Canada, with a particular emphasis on lithium-bearing pegmatites and associated rare metals.
Readers can find detailed coverage of drilling results from the Augustus Lithium Property in the Landrienne and Lacorne townships near Val-d'Or. News releases describe diamond drill holes that intersect spodumene-bearing lithium pegmatites, with reported lithium oxide grades and anomalous values of elements such as beryllium, cesium, niobium, tantalum and rubidium. These updates often include information on drill locations, depths, analytical methods and quality assurance procedures.
The news stream also features exploration updates from other Quebec projects, including Rose East, Rose West and Pontax West in the James Bay region, as well as property acquisitions and option agreements such as the Lac Coulombe property and additional claims northeast of Mont Laurier. These items outline prospecting, mapping and sampling campaigns, and summarize assay results from independent laboratories.
Corporate and financing developments are another recurring theme. Releases discuss non-brokered private placements, use of proceeds for exploration and working capital, equity compensation grants and the regulatory steps associated with the company’s name and symbol change on the Canadian Securities Exchange. Investors and observers can use this news page to follow how exploration programs, metallurgical testwork and corporate actions evolve over time for FEMFF and its related Canadian listings.
Linear Minerals Corp. (FEMFF) has announced significant drilling results from its Augustus Lithium Property in Quebec, Canada. Drill Hole LC24-90 has intersected three spodumene-bearing lithium pegmatites with grades exceeding 1% lithium oxide (Li2O):
- Number 1 Pegmatite: 1.07% Li2O over 5.50 metres at 66.2m depth
- Number 2 Pegmatite: 1.00% Li2O over 5.30 metres at 85.8m depth
- Number 3 Pegmatite: 1.05% Li2O over 3.50 metres at 98.0m depth
The drill hole also revealed anomalous values of rare metals including beryllium, cesium, niobium, tantalum, and rubidium. A separate intercept showed elevated nickel values averaging 1906 ppm over 3.0 metres. The 2024 drill program included 11 drill holes totaling 1,558 metres, bringing the property's total to 100 drill holes covering 18,165.64 metres.
FE Battery Metals Corp. (CSE:FE)(OTCQB:FEMFF) announced its upcoming name change to Linear Minerals Corp. The company's shares will begin trading under the new symbol LINE on the CSE effective December 31, 2024. The new CUSIP will be 53567A101 and ISIN number CA53567A1012. The company's share capital structure remains unchanged during this transition.
FE Battery Metals Corp. has launched its 2024 winter diamond drilling program at the Augustus Lithium Property in Quebec's Val-d'Or area. The initial phase includes 1,000 to 1,500 meters of NQ size diamond drilling, with potential for extension. The program focuses on step-out drilling at the main Augustus zone and exploring new targets near the North American Lithium Mine.
Additionally, the company has entered an option agreement for the Lac Coulombe property, comprising 89 mineral claims covering 5,336 hectares near Quebec City. The agreement includes issuing 1 million shares and spending $1.5 million in exploration over two years, with the optionor retaining a 1.0% GMR from future production.
FE Battery Metals Corp. (OTCQB:FEMFF) has closed the first tranche of its previously announced non-brokered private placement. The company has issued 8,750,000 flow-through common shares at $0.08 per share, raising gross proceeds of $700,000. FE Battery Metals will pay 6% in finders' fees, totaling $42,000. The securities issued are subject to a four-month statutory hold period. The company plans to use the proceeds for general working capital and further exploration of its properties in Quebec. The private placement's final closing is pending required approvals, including from the CSE.
FE Battery Metals Corp (CSE:FE)(OTCQB:FEMFF) has announced a proposed non-brokered private placement to raise up to $1,000,000. The offering includes:
- Up to 8,750,000 flow-through common shares at $0.08 per share for $700,000
- 4,285,714 hard dollar common shares at $0.07 per share for $300,000
A 6% finder's fee will be paid to eligible finders. The private placement is subject to regulatory approvals, including from the CSE. Securities issued will have a four-month hold period plus one day. Proceeds will be used for general working capital and further exploration of properties in Quebec.
FE Battery Metals (CSE:FE) has received an exploration work permit from Quebec's Ministry of Natural Resources and Forests for its Augustus Lithium Property. The company has commenced its 2024 exploration program, which includes trenching, stripping, and channel sampling focused on lithium anomalies identified in 2023. New soil sampling grids will also be established to identify further lithium exploration targets. The field crew is set to mobilize by mid-September 2024.
The company owns 100% interest in the Augustus Lithium Property, which consists of over 750 mining claims covering 15,000 hectares in Landrienne & Lacorne-Townships, Quebec. FE Battery Metals has prepared a work plan to advance its exploration efforts with further surface work and diamond drilling.
FE Battery Metals announced positive lab results for producing battery-grade lithium carbonate with 99.95% purity from its Augustus Lithium Project. This achievement was realized through an eight-step hydrometallurgical process conducted by SGS Canada. The process involved calcination, roasting, and purification steps, resulting in a high recovery rate of 74% lithium.
Additionally, FE Battery Metals acquired 47 mineral claims in Quebec, promising for rare earth metals and uranium exploration. The acquisition involves issuing 1,000,000 shares and $1,000,000 exploration expenditures over two years, with a 1% Gross Metal Royalty on commercial production.
Summary not available.
Summary not available.
Summary not available.