American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Victory Sells Tahlo Lake Property in British Columbia

by admin April 27, 2024
April 27, 2024
Victory Sells Tahlo Lake Property in British Columbia

Victory Battery Metals Corp. (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) (‘Victory’ or the ‘Company’) is pleased to announce its sale of its Tahlo Lake, British Columbia property to a private company, Trimera Metals Corp., of Vancouver, British Columbia

Highlights of the Tahlo Lake Sale:

Sale price includes cash consideration of $90,000 CAD for 100% interest in the propertyVictory will retain a 2% Gross Metal Royalty (‘GMR’)The GMR may be reduced at any time from 2.0% to 1.0% by the Royalty Payor, or its permitted assign, paying to Victory $1,000,000.The Royalty Payor will retain a first right of refusal to purchase any remaining GMR owned by Victory or its successors or assignees.

Mark Ireton, Victory CEO and Director noted: ‘The recent announcement of our option agreement to acquire 100% interest in the Kachiwiss Uranium Project in Quebec is indicative of renewed strategic focus for the Company. The Kachiwiss Uranium deposit has significant historical reports, defining a zone of interest1 that represents the best application of our resources, with the aim to return benefits to Victory shareholders in the shorter term. Selling Tahlo Lake at this time serves our renewed strategic focus.’

1 Kachiwiss Uranium Project Historical Findings:

The claims cover the Kachiwiss Uranium deposit with a reported historical, 1978 non-Ni 43-101, compliant, non-classified resource of 16,598,000 tonnes grading 0.016% U3O8 within a pegmatic dyke oriented NW45o.The zone, as currently defined, measures 975 metres long by 610 metres to 760 metres wide and is open. Historical metallurgical test work suggested recoveries of up to 92.9% can be achieved2.The same report mentions the presence of thorium in the region, In addition to the Kachiwiss deposit, the option includes a large package of claims covering lake bottom sediment sample uranium anomalies farther to the north.In total, 156 mining claims make up the package with Globex retaining a 10-kilometre area of mutual interest surrounding the current claim blocks.

2Quebec Government Sigeom – Lac Kachiwiss File CGM 22J/01.001 – Oct 21/2011.

Scientific and technical information contained in this press release was reviewed and approved by Mr. Réjean Girard, Quebec Geologist, P.Geo (OGQ 521) and a ‘qualified person’ under NI 43-101.

Correcting statement:
On April 18, 2024, VBM announced entering into an option agreement dated April 11, 2024 to acquire 100% interest in four claim groupings in the Sept Iles region of Quebec from GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US). The press release stated terms of payment to include the issuance of 1.5 million shares to Globex Mining Enterprises Inc. over 3 years. The actual amount of shares to be issued is 1,250,000.

For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: info@victorybatterymetals.com

About Victory Battery Metals Corp.
Victory Battery Metals CORP. (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘predicts’, ‘intends’, ‘targets’, ‘aims’, ‘anticipates’ or ‘believes’ or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions ‘may’, ‘could’, ‘should’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Victory Battery Metals Corp.

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Falco Resources: Canadian Explorer in the Rouyn-Noranda Mining Camp
next post
Will Changes to Canada’s Capital Gains Tax Hurt Mining Investment and Innovation?

Related Posts

Tata Motors shares slide further, but analysts spot...

February 14, 2025

Far Northern Resources

May 3, 2024

I’d avoid SLB and Baker Hughes and buy Weatherford...

September 24, 2024

Canada Nickel Announces Exercise of Mann Property Option...

April 23, 2024

Apple stock under pressure: Will AI glasses make...

May 23, 2025

Crypto market today: Mantra, Trump coin, WIF, XRP...

February 15, 2025

​Tech 5: S&P 500 Achieves Record Close, Australian...

February 13, 2024

Element 25 Share Purchase Plan Opens

May 27, 2024

SPX6900 dives; crypto traders focus on Vantard, a...

October 23, 2024

Crypto price forecasts: ICP, Bitcoin, Ethereum

May 31, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved