Fuse Battery Metals Inc Stock Price, News & Analysis

Fuse Battery Metals Inc. has expanded its exploration holdings with the acquisition of the Monitor Valley North Lithium Project in Nevada, consisting of 97 placer claims over approximately 770 hectares. The Purchase and Sale Agreement, dated March 22, 2023, includes a reimbursement of $30,081 and the issuance of 500,000 shares upon TSX acceptance. Initial surface samples in the project area showed average lithium values of 664 ppm, with potential linked to geothermal activity. The new CEO, Tim Fernback, expressed optimism about evaluating the project's lithium potential, alongside plans for a NI #43-101 Technical Report.

Fuse Battery Metals Inc. has announced the acquisition of a new lithium exploration project in Nevada, specifically the Lithium Springs Project, as of February 14, 2023. The company secured a 100% interest in 108 placer claims covering approximately 858 hectares, located in Washoe County. As part of the transaction, Fuse will reimburse the vendor $33,982 and issue 500,000 shares upon TSX Venture Exchange acceptance. Previous exploration revealed lithium values ranging from 82.8 to 520 ppm, with plans for further exploration, including geophysical surveys and drilling. CEO Tim Fernback emphasized the area's potential due to nearby geothermal activity.

Fuse Cobalt Inc. has announced a name change to Fuse Battery Metals Inc., effective February 2, 2023. The trading symbol FUSE remains unchanged, while the new CUSIP number will be 36112C102. The decision, ratified by the Board of Directors on January 19, 2023, aligns with the company's focus on high-value metals essential for battery manufacturing. Fuse's exploration properties include the Glencore Bucke and Teledyne Projects, both in Ontario, which have significant historical cobalt production potential. Further news regarding a new website and social media presence will be announced soon.

Fuse Cobalt Inc. (FUSEF) has provided a shareholder update outlining its focus on cobalt and lithium exploration for 2023. The company emphasizes the growing demand for electric vehicle (EV) battery metals driven by increasing EV adoption and supportive legislation like the Inflation Reduction Act. Fuse is actively seeking lithium exploration assets in Nevada and plans to change its name to Fuse Battery Metals Inc.. Recent drilling at the Glencore Bucke Property revealed cobalt mineralization in multiple holes. The company holds approximately CAD$2 million in funds, positioning it well for future exploration projects.

Fuse Cobalt Inc. (FUSEF) has successfully closed a non-brokered private placement, securing $1,500,000 from the sale of 30 million units at $0.05 per unit. Each unit comprises one share and one warrant, exercisable at $0.065 for five years. The funds will be allocated for exploration, development, and working capital.

Additionally, insider participation amounted to 2,330,000 units, relying on exemptions under Multilateral Instrument 61-101. Finder's fees included cash and share-based compensation.

Fuse Cobalt Inc. announced the appointment of Tim Fernback to its Board of Directors effective November 10, 2022. Fernback previously served as President & CEO from 2017 to 2018, bringing extensive experience in financing and management from his roles at Wolverton Securities and Discovery Capital. He has significantly raised capital in the past, overseeing over $750M in corporate financing and more than 50 IPOs. This leadership change aims to bolster Fuse's strategic direction in cobalt exploration, particularly in Ontario's mining sector.