Original News Release
Free Battery closes Lac Binette property acquisition
Ms. Pam Sangster reports
FREE BATTERY METAL LIMITED COMPLETES ACQUISITION OF LAC BINETTE PROPERTY
Further to the press release dated July 3, 2025, Free Battery Metal Ltd. has completed its acquisition of 1544256 B.C. Ltd., the owner of the Lac Binette property located in Quebec's Upper Laurentians, situated just 1.2 kilometres west of the Mitchinamecus reservoir, in exchange for one million common shares of the company at a deemed issue price of 38 cents per share, for a deemed transaction value of $380,000. In connection with the closing, the company also issued 100,000 common shares of the company at a deemed issue price of 38 cents per share as a finder's fee to two finders for their role in introducing the company to 1544. The consideration shares and finder shares are subject to a hold period of four months and one day from issuance. 1544 acquired the claims constituting the Lac Binette property on June 16, 2025, for aggregate deemed consideration of $10,000, being $5,000 paid in cash and 100,000 common shares of 1544 issued at a deemed price of five cents per share.
The company also wishes to rectify a typographical error in its July 3, 2025, news release. Whereas the prior release referenced 1544 as 15442568 B.C. Ltd., 1544's full corporate name is 1544256 B.C. Ltd.
About Free Battery Metal Ltd.
Free Battery is a publicly traded company exploring for lithium. Free Battery is committed to responsible mining practices, and is actively exploring the Mound Lake property in Northwestern Ontario, a property composed of 243 single-cell unpatented mining claims totalling approximately 4,860 hectares, and the Lac Binette property in Quebec's Upper Laurentians, a property composed of two mineral claims totalling 117.6 hectares. The company sees lithium and other rare metals as critical commodities in supporting the global move toward green technologies including the transition to electric vehicles.
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