Free Battery closes Lac Binette property acquisition

Executive Summary

• Free Battery Metal Ltd. has completed the acquisition of 1544256 B.C. Ltd., the owner of the Lac Binette property in Quebec's Upper Laurentians.
• The transaction was settled via equity issuance, with a total deemed transaction value of $380,000 for the property and an additional $38,000 in finder's fees.
• The acquisition adds 117.6 hectares of mineral claims to the company's portfolio, complementing its existing Mound Lake property in Ontario.

Key Details

• Target Asset: 1544256 B.C. Ltd., owner of the Lac Binette property.
• Property Location: Quebec's Upper Laurentians, approximately 1.2 kilometres west of the Mitchinamecus reservoir.
• Property Size: Two mineral claims totaling 117.6 hectares.
• Consideration for Acquisition:
  • 1,000,000 common shares of Free Battery Metal Ltd.
  • Deemed issue price: $0.38 per share.
  • Total deemed transaction value: $380,000.
• Finder's Fees:
  • 100,000 common shares issued to two finders.
  • Deemed issue price: $0.38 per share.
  • Total value: $38,000.
• Hold Periods:
  • Acquisition shares: 4 months and 1 day from issuance.
  • Finder's fee shares: 4 months and 1 day from issuance.
• Prior Ownership History:
  • 1544256 B.C. Ltd. acquired the claims on June 16, 2025.
  • Prior consideration paid by 1544256 B.C. Ltd.: $10,000 total ($5,000 cash + 100,000 shares of 1544256 B.C. Ltd. at $0.05/share).
• Correction: The company corrected a typographical error in a previous July 3, 2025 release, clarifying the target's name is 1544256 B.C. Ltd., not 15442568 B.C. Ltd.

Notable Quotes

• None provided in the text.