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Free Battery Metal Expands Mound Lake Property with 100 New Claims

Jan 22, 2025


Free Battery Metal Limited has significantly expanded its footprint in the Mound Lake region, acquiring 100 additional claims that extend its property to a total of 343 unpatented mining claims covering approximately 6,800 hectares.

This acquisition strategically strengthens the company's position in a geologically favourable area with known occurrences of critical minerals essential for battery production.

Located in a region with increasing exploration activity, the Mound Lake Property has demonstrated potential for significant resource discoveries. Recent exploration has revealed elevated values of lithium and other critical elements, including gallium, rubidium, and tantalum.

Details of the Acquisition

The new claims, which adjoin FREE’s existing holdings, were acquired for $9,000, payable within 30 days. This move supports the company’s strategy to enhance its portfolio of properties with high potential for battery metal deposits, aligning with the global transition to sustainable energy solutions.

Key highlights of the Mound Lake Property include:

• A geologically favorable area hosting critical minerals vital for battery production.

• Elevated values of lithium and other elements critical to the battery metals market.

• An expanded land position that reinforces FREE’s presence in a region drawing increased interest from industry players.

With this acquisition, Free Battery Metal Limited is well-positioned to capitalize on the growing demand for battery metals and the global shift toward renewable energy technologies.

By Kevin Vincent



Tags: Northern Ontario / Exploration / Battery Metals / All Articles