Linear Minerals Drills 1.01 Percent Lithium Oxide over 18.1 meters at Augustus
VANCOUVER, BC / ACCESS Newswire / April 2, 2025 / Linear Minerals Corp. ('formerly FE Battery Metals Corp"(CSE:LINE)(OTCQB:LINMF) (WKN:A2J C89) ('Linear " or the 'Company') is pleased to announce results of Drill Holes LC24-95 and LC24-96 from 2024 exploratory drill program at its Augustus Lithium Property in Quebec, Canada. The drill hole LC24-95 intercepted 0.46 percent (%) lithium oxide (Li2O) over 25.15 m at 88.45 m drilled depth. The drill hole LC24-96 intersected 1.01 % Li2O over 18.1 m at 49.9 m drilled depth with some other smaller intercepts. There are anomalous values of other rare metals in both drill holes such as beryllium (Be), cesium (Cs), niobium (Nb), tantalum (Ta) and rubidium. Both drill holes intercepted three mineralized zones of various grades and thicknesses as summarized below (see Tables 1 and 2 for details).
Highlights
LC24-95
The mineralization in three lithium zones (upper, middle, and bottom) is distributed in mixed lithologies of pegmatites with spodumene as main lithium mineral, and the basement rocks with Holmquistite as lithium minerals. This drill hole is a step in from LC21-35 and was aimed to fill the gap in mineralization zone.
The Upper lithium intercept is 25.15 m wide averaging 0.46% Li2O at 88.45 m drilled depth with anomalous values of 168 ppm Be, 194 ppm Cs, 35 ppm Ga, 822 ppm Rb, 29 ppm Nb, and 40 ppm Ta.
The middle lithiumintercept is 4 m wide averaging 0.36% Li2O at 119.5 m drilled depth with anomalous values of 112 ppm Cs and 663 ppm Rb.
The bottom lithium intercept is 13 m wide averaging 0.60% Li2O at 128.5 m drilled depth with anomalous values of 115 ppm Be, 135 ppm Cs, 41 ppm Ga, 1,411 ppm Rb, 53 ppm Nb, and 49 ppm Ta.
LC24-96
The mineralization in three lithium bearing zones (upper, middle, and bottom) is distributed dominantly in pegmatites as spodumene mineral, and subordinately in the basement rocks with Holmquistite as the main lithium mineral. This drill hole was about 100 m step out from LC21-19 and was aimed at increasing the footprint of the mineralized zone.
The Upper lithium intercept is 18.1 m wide averaging 1.01% Li2O at 49.9 m drilled depth with anomalous values of 224 ppm Be, 46 ppm Cs, 51 ppm Ga, 378 ppm Rb, 64 ppm Nb, and 69 ppm Ta.
The middle lithiumintercept is 9.50 m wide averaging 1.01% Li2O at 78.20 m drilled depth with anomalous values of 153 ppm Be, 75 ppm Cs, 44 ppm Ga, 676 ppm Rb, 46 ppm Nb, and 98 ppm Ta.
The bottom lithium intercept is 5.55 m wide averaging 0.52% Li2O at 135.55 m drilled depth with anomalous values of 104 ppm Be, 285 ppm Cs, and 705 ppm Rb.
Drill Program Details:
Drill hole LC23-95 was drilled at location 5367862.387N, 287146.203E, UTM NAD 1983 Zone 18N, at azimuth 222.41 degrees (true north) and dip -52 with a drilled depth of 158 m. The drill hole was placed at the main Augustus zone.
Drill hole LC23-96 was drilled at location 5367763.270N, 5367763.27E, UTM NAD 1983 Zone 18N, at azimuth 37.69 degrees (true north) and dip -45.51 with a drilled depth of 151 m. The drill hole was placed at the main Augustus zone.
The drill program was designed based on historical and current exploration data. Drilling was conducted by Forage Pelletier Drilling of Chapais, Quebec, and core logging and sampling took place at a core shack in St-Dominique du Rosaire, approximately 50 km from the property. The 2024 drill program included 11 drill holes, totaling 1,558 metres. To date, a total of 100 drill holes have been completed on the Property, with a cumulative diamond drilling of 18,165.64 metres.
Drill core was sampled using a rock saw. For quality control and assurance (QA/QC), field duplicates, standards, and blanks were inserted at industry-standard intervals. Samples were bagged and tagged using best practices before delivered to AGAT Laboratories in Val-d'Or, QC, for analysis. AGAT performed Sodium Peroxide Fusion with ICP-OES and ICP-MS Finish (Code 201-378). AGAT is an independent, accredited laboratory with ISO certification for certain tests.
Qualified Person:
Afzaal Pirzada, P.Geo., an independent geological consultant of the Company, and a 'Qualified Person' for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects , has reviewed and approved the scientific and technical information contained in this news release.
About the Augustus Lithium Property
The Company owns 100% interest in Augustus Lithium Property in Landrienne & Lacorne-Townships, Quebec, Canada. The Property consists of over 500 mining claims covering a total area of over 20,000 hectares located approximately 40 kilometres northwest of the town of Val d'Or on map sheets 32C/05 and 32D08. The Property claims are spread in several claim blocks optioned from different vendors. The Company has prepared a work plan on the property which includes diamond drilling, metallurgical testwork to produce battery grade lithium carbonate, and resource estimation. To date, a total of 100 drill holes have been completed on the Property, with a cumulative diamond drilling of 18,165.64 metres.
ON BEHALF OF THE BOARD OF
Linear Minerals Corp.
'Gurminder Sangha'
Gurminder Sangha
CEO & Director
For further information, please contact the Company at: [email protected]
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Forward-looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's exploration plans, potential mineralization, and future activities. While the Company believes the assumptions underlying such information are reasonable, actual results may vary, and undue reliance should not be placed on forward-looking statements.
Table 1: Drill Hole LC24-95 Assay Highlights
Lab Sample ID
Field Sample ID
Depth From (m)
Depth To (m)
Total Width (m)
Analyte:
Be
Cs
Fe
Ga
Li
Li2O
Nb
Ni
Rb
Ta
Unit:
ppm
ppm
%
ppm
ppm
%
ppm
ppm
ppm
ppm
RDL:
20
0.1
0.01
0.5
10
5
10
2
0.5
6359644
1157489
83.3
84.3
1.00
Schist
20
810
6
19
696
0.15
6
1030
1,730
1
6359646
1157491
84.3
85.3
1.00
Schist
29
1240
6
23
976
0.21
6
974
2,630
3
6359647
1157492
85.3
86.3
1.00
Schist
59
1520
6
31
1,850
0.40
13
937
4,130
4
6359648
1157493
86.3
87.4
1.10
Pegmatite
<20
35
0
59
153
0.03
27
27
219
112
6359649
1157494
87.4
88.45
1.05
Pegmatite
158
14
0
46
46
0.01
65
<10
44
114
Upper Lithium Zone
6359650
1157495
88.45
89.50
1.05
Schist
<20
41
5
21
820
0.18
8
95
256
1
6359651
1157496
89.5
90.5
1.00
Schist
<20
105
4
22
926
0.20
10
102
611
10
6359652
1157497
90.5
90.95
0.45
Pegmatite
83
31
1
60
1,400
0.30
38
12
301
51
6359653
1157498
90.95
91.7
0.75
Schist
<20
158
5
23
1,600
0.34
14
79
789
12
6359654
1157499
91.7
92.45
0.75
Schist
<20
129
5
20
1,630
0.35
9
86
831
2
6359656
1157501
92.45
93.15
0.70
Pegmatite
191
26
0
37
2,400
0.52
44
<10
337
94
6359657
1157502
93.15
93.85
0.70
Pegmatite
175
26
1
71
5,420
1.17
55
<10
113
89
6359658
1157503
93.85
94.9
1.05
Schist
<20
100
5
24
1,470
0.32
11
110
601
3
6359659
1157504
94.9
95.9
1.00
Schist
<20
49
5
20
677
0.15
8
88
235
2
6359660
1157505
95.9
96.9
1.00
Schist
<20
41
5
22
776
0.17
9
86
320
5
6359661
1157506
96.9
97.95
1.05
Schist
<20
211
4
25
1,320
0.28
13
79
759
15
6359662
1157507
97.95
98.80
0.85
Pegmatite
217
37
1
66
1,690
0.36
91
15
127
111
6359663
1157508
98.8
100.00
1.20
Greenstone
21
374
5
24
1,480
0.32
11
173
1,150
7
6359664
1157509
100
100.70
0.70
Schist
100
1250
3
53
2,690
0.58
42
658
4,810
54
6359666
1157511
100.7
101.5
0.80
Pegmatite
324
189
1
51
1,090
0.23
50
120
1,070
97
6359667
1157512
101.5
102.35
0.85
Pegmatite
272
76
1
57
3,270
0.70
71
25
644
101
6359668
1157513
102.35
103.75
1.40
Greenstone
35
428
5
40
2,720
0.58
24
80
2,510
18
6359669
1157514
103.75
104.6
0.85
Pegmatite
261
29
1
65
6,380
1.37
76
<10
116
147
6359670
1157515
104.6
105.6
1.00
Holmquistite
<20
64
5
22
2,230
0.48
11
66
319
2
6359671
1157516
105.6
106.6
1.00
Holmquistite
<20
282
6
23
2,230
0.48
13
285
880
7
6359672
1157517
106.6
107.6
1.00
Holmquistite
<20
591
6
20
3,860
0.83
13
176
1,260
6
6359673
1157518
107.6
108.6
1.00
Holmquistite
<20
23
8
11
1,160
0.25
8
992
47
<0.5
Total Width / Average
83.3
108.6
25.30
168
194
4
35
2,147
0.46
29
175
822
40
Middle Lithium Zone
6359674
1157519
119.5
120.5
1.00
Holmquistite
<20
19
6
17
2,640
0.57
6
132
176
<0.5
6359676
1157521
120.5
121.5
1.00
Holmquistite
<20
17
7
18
1,230
0.26
10
105
138
<0.5
6359677
1157522
121.5
122.5
1.00
Holmquistite
<20
20
7
17
1,000
0.22
9
160
138
<0.5
6359678
1157523
122.5
123.5
1.00
Holmquistite
53
391
6
21
1,910
0.41
9
477
2,200
1
Total Width / Average
119.5
123.5
4.00
53
112
6
18
1,695
0.36
9
219
663
1
Lower Lithium Zone
6359679
1157524
128.5
129.5
1.00
Greenstone/Schist
<20
17
6
15
710
0.15
<5
129
149
<0.5
6359680
1157525
129.5
130.5
1.00
Greenstone/Schist
<20
20
6
13
936
0.20
<5
148
245
<0.5
6359681
1157526
130.5
131.5
1.00
Greenstone/Schist
<20
120
6
20
1,710
0.37
7
165
892
2
6359682
1157527
131.5
132.55
1.00
Pegmatite
125
81
1
66
5,800
1.25
88
<10
1,800
117
6359683
1157528
132.55
133.55
1.05
Pegmatite
161
91
1
54
7,180
1.54
77
<10
2,310
111
6359684
1157529
133.55
134.40
1.00
Pegmatite
169
51
1
53
3,610
0.78
90
<10
1,250
109
6359686
1157531
134.4
135.20
0.80
Pegmatite
159
175
2
46
4,190
0.90
58
25
1,470
76
6359687
1157532
135.20
135.70
0.50
Schist
40
504
5
31
2,740
0.59
12
141
2,730
2
6359688
1157533
135.70
136.10
0.40
Pegmatite
84
54
1
49
639
0.14
67
<10
827
48
6359689
1157534
136.10
136.50
0.40
Schist
86
569
5
74
4,360
0.94
47
69
5,180
15
6359690
1157535
136.50
137.55
1.05
Pegmatite
149
42
1
55
5,200
1.12
88
<10
1,240
82
6359691
1157536
137.55
138.50
0.95
Pegmatite
60
98
1
71
1,110
0.24
124
19
2,030
71
6359692
1157537
138.50
139.50
1.00
Greenstone/Schist
<20
128
6
21
1,760
0.38
12
122
779
3
6359693
1157538
139.50
140.50
1.00
Greenstone/Schist
<20
58
5
20
1,010
0.22
9
84
184
1
6359694
1157539
140.50
141.50
1.00
Greenstone/Schist
<20
24
5
22
1,000
0.22
9
92
81
1
Total Width / Average
128.50
141.50
13.00
115
135
3
41
2,797
0.60
53
99
1,411
49
Note: A standard conversion factor of 2.15 was used to report Li to Li2O values
All intersections reported are based on drilled width and have not been converted to the true width.
Table 2: Drill Hole LC24-96 Assay Highlights
Lab Sample ID
Field Sample ID
Depth From (m)
Depth To (m)
Total Width (m)
Analyte:
Be
Cs
Fe
Ga
Li
Li2O
Nb
Rb
Ta
Unit:
ppm
ppm
%
ppm
ppm
%
ppm
ppm
ppm
RDL:
20
0.1
0.01
0.5
10
5
2
0.5
6372189
1157541
11.05
12
0.95
Pegmatite
92
12.7
0.68
38
100
0.02
56
171
79.1
6372190
1157542
12
13
1
Pegmatite
258
9
0.44
44.4
25
0.01
73
47
104
6372191
1157543
13
14
1
Pegmatite
110
3.7
0.28
58.8
16
0.00
102
22
158
6372192
1157544
14
14.75
0.75
Pegmatite
208
12.2
0.42
53.5
158
0.03
69
46
67
6372193
1157545
14.75
15.5
0.75
Schist
<20
691
5.21
30
1,830
0.39
15
3,550
16.3
6372194
1157546
15.5
16.5
1
Pegmatite
59
119
1.34
71.3
452
0.10
29
782
67.3
6372195
1157547
16.5
17.5
1
Pegmatite
32
76
0.95
69.4
270
0.06
29
484
125
6372196
1157548
17.5
18.1
0.6
Pegmatite
22
36.3
0.59
74.4
165
0.04
32
258
155
6372197
1157549
18.1
19.1
1
Schist/Greenstone
<20
87.7
5.78
21.8
1,170
0.25
12
443
7.4
6372199
1157551
19.1
20.1
1
Schist/Greenstone
<20
25.7
5.61
16.4
643
0.14
8
135
1.8
6372200
1157552
46.9
47.9
1
Schist/Greenstone
<20
73.3
4.94
16.5
994
0.21
8
198
1.8
6372201
1157553
47.9
48.9
1
Schist/Greenstone
<20
97.9
4.64
16
1,600
0.34
7
305
0.7
6372202
1157554
48.9
49.9
1
Schist/Greenstone
<20
134
4.88
18.9
1,070
0.23
9
666
1.7
Upper Lithium Zone
6372203
1157555
49.9
50.9
1
Pegmatite
144
34.6
0.5
59.1
2,940
0.63
79
572
99.7
6372204
1157556
50.9
51.85
0.95
Pegmatite
221
68.5
0.48
53
4,660
1.00
82
1,650
119
6372205
1157557
51.85
52.85
1
Pegmatite
252
42.5
0.46
57
7,290
1.57
96
557
106
6372206
1157558
52.85
53.85
1
Pegmatite
169
18
0.51
49.7
3,920
0.84
58
174
51.8
6372207
1157559
53.85
54.8
0.95
Pegmatite
266
30.8
0.49
60.2
6,650
1.43
75
94
74.1
6372209
1157561
54.8
55.80
1
Pegmatite
275
32.4
0.47
60.2
5,290
1.14
102
149
135
6372210
1157562
55.80
56.80
1
Pegmatite
252
13.2
0.44
53.6
1,020
0.22
76
144
113
6372211
1157563
56.80
57.80
1
Pegmatite
287
15.3
0.37
50.3
1,230
0.26
57
70
59.1
6372212
1157564
57.80
58.80
1
Pegmatite
237
24.5
0.67
62
7,860
1.69
63
186
49.5
6372213
1157565
58.80
59.80
1
Pegmatite
381
30.9
0.47
54.7
5,070
1.09
82
125
69.7
6372214
1157566
59.80
60.80
1
Pegmatite
263
48.5
0.58
66.7
11,700
2.52
100
242
84.1
6372215
1157567
60.80
61.80
1
Pegmatite
184
27.6
0.44
55.9
5,030
1.08
78
361
69.4
6372216
1157568
61.80
62.80
1
Pegmatite
183
44.4
0.56
62.7
10,600
2.28
70
80
72
6372217
1157569
62.80
63.90
1.1
Pegmatite
202
25.1
0.5
55.5
5,000
1.08
76
48
76.8
6372219
1157571
63.9
65
1.1
Pegmatite
39
36.3
0.64
65.4
2,420
0.52
25
273
53.7
6372220
1157572
65
66
1
Schist
<20
311
5.71
24.2
2,160
0.47
11
1,650
1.9
6372221
1157573
66
67
1
Schist
<20
15.5
5.86
16.9
941
0.20
8
264
0.9
6372222
1157574
67
68
1
Schist
<20
10.8
5.92
16.5
986
0.21
9
157
0.7
Total Width / Average
49.9
68
18.1
224
46
1
51
4,709
1.01
64
378
69
6372223
1157575
76.2
77.2
1
Schist
<20
26.3
5.41
16.6
770
0.17
8
112
0.8
6372224
1157576
77.2
78.2
1
Schist
<20
25.9
5.56
18.7
1,250
0.27
8
166
0.6
Middle Lithium Zone
6372225
1157577
78.2
79.2
1
Schist
28
265
5.81
27.7
1,750
0.38
10
1,250
5.3
6372226
1157578
79.2
80
0.8
Pegmatite
34
75.8
0.72
56.3
546
0.12
38
639
156
6372227
1157579
80
81
1
Pegmatite
282
42.4
0.49
57.5
7,560
1.63
86
48
138
6372229
1157581
81
82
1
Pegmatite
197
62.4
0.5
62
9,510
2.05
63
719
109
6372230
1157582
82
83
1
Pegmatite
168
86.8
0.39
61.6
7,350
1.58
85
1,740
186
6372231
1157583
83
84
1
Pegmatite
195
39.7
0.46
65.4
7,990
1.72
81
260
197
6372232
1157584
84
84.70
0.7
Pegmatite
164
71.3
0.88
58.1
4,650
1.00
71
1,220
181
6372233
1157585
84.70
85.70
1
Holmquistite
<20
66.9
5.99
17.2
2,920
0.63
7
505
1.7
6372234
1157586
85.70
86.70
1
Holmquistite
<20
16.1
5.7
17.1
2,090
0.45
9
204
1.3
6372235
1157587
86.70
87.70
1
Holmquistite
<20
25.1
5.64
15.8
2,420
0.52
8
177
1.3
Total Width / Average
78.20
87.70
9.50
153
75
3
44
4,679
1.01
46
676
98
6372236
1157588
87.70
88.75
1.05
Holmquistite
<20
10.4
5.01
16.8
1,310
0.28
7
141
1
6372237
1157589
91.00
92.00
1
Pegmatite
<20
2.5
0.35
40.2
47
0.01
26
32
18.6
6372239
1157591
100.45
101.00
0.55
Pegmatite
125
91.7
1.01
52
1,570
0.34
66
282
78.8
6372240
1157592
101.00
102.00
1
Holmquistite
<20
286
6.03
17.9
2,500
0.54
8
592
1.7
6372241
1157593
102.00
103.00
1
Holmquistite
<20
64.1
5.5
16.6
2,140
0.46
7
190
0.9
6372242
1157594
107.00
108.00
1
Holmquistite
<20
19.4
6.02
17.6
1,300
0.28
8
87
1
6372243
1157595
108.00
109.00
1
Holmquistite
<20
43.8
5.78
17.9
3,820
0.82
9
165
1.4
6372244
1157596
109.00
109.80
0.8
Pegmatite
184
1340
3.09
62.3
3,480
0.75
37
4,630
107
Lower Lithium Zone
6372245
1157597
135.55
136.55
1
Schist/metabasalt
137
510
4.24
28.1
2,470
0.53
16
1,350
7.8
6372246
1157598
136.55
137.55
1
Pegmatite
258
192
0.68
33.2
590
0.13
82
376
122
6372247
1157599
137.55
138.30
0.75
Pegmatite
72
609
1.8
46
2,170
0.47
9
1,170
6.5
6372249
1157601
138.30
139.30
1
Holmquistite
32
76.9
3.75
21.6
3,950
0.85
11
293
2.9
6372250
1157602
139.30
140.30
1
Holmquistite
37
12.7
4.34
18.1
2,700
0.58
8
74
1.6
6372251
1157603
140.30
141.10
0.8
Holmquistite
89
312
4.67
19.4
2,570
0.55
11
969
1.5
Total Width / Average
135.55
141.1
5.55
0.52
Note: A standard conversion factor of 2.15 was used to report Li to Li2O values
All intersections reported are based on drilled width and have not been converted to the true width.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Upturn
8 hours ago
- Business Upturn
Red White & Bloom Brands Provides Update on Status of Annual Filings
By GlobeNewswire Published on June 14, 2025, 03:00 IST TORONTO, June 13, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) ('RWB' or the 'Company') is providing an update on the status of a management cease trade order granted on May 1, 2025 (the 'MCTO') by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order ('NP 12-203'). On May 1, 2025, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended December 31, 2024 (the 'Annual Filings') beyond the period prescribed under applicable Canadian securities laws. The Company reports that the audit continues to progress, and it will provide a further update on the timing of its Annual Filings on or about June 23, 2025, if it has not filed by this date. The Company is also progressing on the completion of its interim financial statements and accompanying management's discussion and analysis for the first quarter ended March 31, 2025 (the '2025-Q1 Filings'). The Company advises that the 2025-Q1 Filings will be filed within five business days from the date the Annual Filings are completed. Further updates on timing will be provided by the Company as necessary. During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's chief executive officer, president and chief financial officer will not be able to trade in the Company's shares. Other than as disclosed in this news release, there are no material changes to the information contained in the initial press release associated with the MCTO. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement. These updates will include information regarding the progress of the Annual Filings and any material changes to the Company's business, if any. About Red White & Bloom Brands Inc. Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets. Red White & Bloom Brands and Media RelationsEdoardo Mattei, CFO [email protected] 947-225-0503 Visit us on the web: Follow us on social media: Twitter @rwbbrands Facebook @redwhitebloombrands Instagram @redwhitebloombrands Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING INFORMATION Certain information contained in this news release may constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as 'plans,' 'expects,' 'may,' 'should,' 'could,' 'will,' 'intends,' 'anticipates,' 'believes,' 'estimates,' 'forecasts,' or variations of such words and phrases, including the negative forms thereof, as well as terms such as 'pro forma' and 'scheduled,' and similar expressions that refer to future events or outcomes. Forward-looking statements in this release include, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings and Q1 Filings; the expected duration of the MCTO; the Company's ongoing operations; and the Company's intention to issue bi-weekly default status updates. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with audit completion processes; regulatory reviews and approvals; market conditions; the Company's financial condition and liquidity; the ability to achieve the anticipated benefits of the debt restructuring; and the risk that the Company may not be able to complete its Annual Filings within the timeframe currently anticipated. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY'S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
9 hours ago
- Yahoo
Battery X Metals Validates Provisional Patent Applications Filed with the United States Patent and Trademark Office Through Successful Real-World Trials of Next-Generation Lithium-Ion Battery Rebalancing Machine
News Release Highlights: Battery X Rebalancing Technologies' next-generation lithium-ion battery rebalancing machine achieves 100% recovery of imbalance-related capacity in a Nissan Leaf and recovers 37.7% of Rated Capacity in a severely imbalanced Class 3 commercial EV battery pack. Trial results confirm the real-world effectiveness of innovations covered in the Company's provisional patent applications filed with the United States Patent and Trademark Office (USPTO), validating both hardware and software components of its next-generation rebalancing platform. Ongoing validation efforts span additional EV battery platforms, supporting full utility patent filings and positioning Battery X Rebalancing Technologies as a first mover in the EV battery reconditioning and lifespan extension market. VANCOUVER, BRITISH COLUMBIA / / June 13, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) ("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that further to its news release dated April 11, 2025-wherein the Company announced that its wholly-owned subsidiary, Battery X Rebalancing Technologies Inc. ("Battery X Rebalancing Technologies") submitted provisional patent applications (the "Patent Applications") with the United States Patent and Trademark Office ("USPTO") for its next-generation battery rebalancing hardware and software platform-Battery X Rebalancing Technologies has now successfully validated the core innovations described in the filings through multiple real-world preliminary trials (the "Preliminary Trials"). In a Preliminary Trial disclosed in the Company's news release dated May 30, 2025, Battery X Rebalancing Technologies tested its second-generation, patent-pending rebalancing machine ("Prototype 2.0") on a 96-cell Nissan Leaf battery pack (the "Nissan Battery Pack"), representative of the second most common out-of-warranty electric vehicle model in the United States. The Nissan Battery Pack exhibited minor voltage imbalances typical of real-world use. Prototype 2.0 successfully rebalanced all 96 cells to 4.20 volts - the commonly recognized full charge state in the industry1 - achieving 100% recovery of imbalance-related capacity and restoring 1.95 ampere-hours, representing a 3.9% increase in usable capacity. The trial demonstrated the precision of Prototype 2.0 in restoring performance even on a relatively well-balanced battery pack, and supported its scalability across high-volume electric vehicle (EV) battery platforms. In a subsequent Preliminary Trial, as disclosed in the Company's news release dated June 6, 2025, Prototype 2.0 was tested on a significantly imbalanced 144-cell battery pack from a fully electric Class 3 commercial vehicle (the "Electric Truck"). The Preliminary Trial was conducted on a battery pack exhibiting significant real-world imbalance and resulted in the recovery of 66.3 ampere-hours, representing a 37.7% recovery of the Rated Capacity, and 100% recovery of imbalance-induced capacity loss. The Electric Truck Preliminary Trial demonstrated the robustness of the technology under more demanding conditions and expanded Prototype 2.0's proven applicability to commercial vehicle platforms. "The trials are confirming exactly what we filed with the USPTO," said Massimo Bellini Bressi, CEO of Battery X Metals. "To see both passenger and commercial electric vehicle battery platforms respond with full imbalance-related capacity recovery proves our technological innovations work-and it works where it matters most: in real-world environments with real-world degradation caused by battery cell imbalance." Prototype 2.0 Together, these initiatives underscore Battery X Rebalancing Technologies' commitment to demonstrating the adaptability, precision, and commercial readiness of its rebalancing platform across a wide range of EV battery platforms. By validating performance on both passenger and commercial electric vehicles - with varying chemistries, architectures, and states of degradation - Battery X Rebalancing Technologies is building the foundation for broad-based adoption. These efforts reinforce its mission to deliver a scalable, software- and hardware-enabled solution capable of correcting imbalance-related degradation that affects millions of lithium-ion battery packs worldwide. Importantly, the Preliminary Trial results not only validate the technical functionality of Prototype 2.0, but also demonstrate its ability to recover substantial usable capacity otherwise lost to cell-level imbalance. This has clear implications for extending driving range, improving battery health, and reducing lifecycle costs for electric vehicle owners. The significance is amplified in the case of the Electric Truck, where nearly 40% of the pack's Rated Capacity was recovered, reinforcing Prototype 2.0's relevance in fleet and commercial contexts where battery degradation can severely impact performance, uptime, and asset value. The results support a broader opportunity to position Battery X Rebalancing Technologies as a first mover in battery lifespan extension and reconditioning, targeting the rapidly growing segment of electric vehicles anticipated to fall outside of their manufacturer's warranty, which is estimated to be nearly 40 million vehicles worldwide by 20312,3. Looking ahead, Battery X Rebalancing Technologies plans to continue its validation phase, which includes additional testing on a range of electric vehicle battery platforms and high-volume vehicle models. These efforts are designed to support the Company's progression from provisional to full utility patent applications, while also verifying system compatibility across multiple lithium-ion chemistries and configurations. This ongoing validation will play a critical role in expanding market readiness and demonstrating the commercial potential of Prototype 2.0 across both private and fleet-based EV markets. This milestone strengthens Battery X Rebalancing Technologies' strategic position as a first mover in the emerging EV battery rebalancing market, with a focus on extending battery life, reducing waste, and improving performance for electric vehicle owners and fleet operators. As EV adoption accelerates and more battery packs reach the end of their warranty period, the Company believes its technology offers a timely and scalable solution to a global challenge. Technologies Aimed to Advance the Energy Transition Battery X Rebalancing Technologies is a development-stage technology company, at the forefront of the energy transition, supporting the EV revolution and developing innovative technologies to extend the lifespan of lithium-ion and EV batteries. Its mission is to extend lithium-ion and EV battery longevity. The Patent Applications represent the culmination of multiple years of development, validation, and innovation by Battery X Rebalancing Technologies and mark a significant milestone toward solidifying its position in the lithium-ion and EV battery rebalancing and lifespan extension market. The company's next-generation rebalancing technology - validated by the National Research Council of Canada ("NRC"), as further described below-reinforces its commitment to delivering real-world solutions that support battery longevity and sustainability. The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 20234. With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units5, a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage6,7. This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements8. As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing. The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery Longevity Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements. Battery X Rebalancing Technologies' rebalancing technology, validated by the NRC, focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced - one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC - resulting in a reduced discharge capacity of 46.24Ah, following rebalancing using Battery X Rebalancing Technologies' rebalancing technology. These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future. As disclosed in the Company's news release dated May 2, 2025, Battery X Rebalancing Technologies completed Prototype 2.0, the second-generation version of its patent-pending lithium-ion battery rebalancing machine. This advanced prototype incorporates significant refinements and updates over the original, including modified dimensions, optimized weight, and a full suite of accompanying equipment. Designed to reflect real-world use and commercial deployment readiness, Prototype 2.0 includes the core rebalancing system as well as a multi-function battery diagnostic device, system interface tablets, a battery pack lift, and insulated tool kits to support safe and effective field operations. Prototype 2.0 represents the culmination of several years of focused research and development and is engineered to integrate advanced hardware and software capabilities that identify battery degradation and optimize the performance of lithium-ion and EV batteries. The system includes advanced State-of-Health diagnostic modules that assess the maximum available capacity of EV battery cells, supporting both repair and second-life repurposing. Its next-generation rebalancing technology is designed to recover balance between individual cells, thereby extending operational life and optimizing energy output across the entire battery pack. In addition to technical performance, Prototype 2.0 features a more compact and efficient design footprint, and improved field usability. Expanded technical capabilities include deciphering tools, airtightness testing modules, and new connectivity ports, all of which position the system for future commercial deployment. Prototype 2.0 marks a major milestone in establishing Battery X Rebalancing Technologies as a participant in EV battery lifespan extension and rebalancing solutions. The Company encourages all shareholders, stakeholders, industry participants, and interested parties to watch the featured videos herein to gain a deeper understanding of Prototype 2.0's patent-pending technology, the rebalancing process, and the significance of successfully validating the core innovations described in the Patent Applications through multiple real-world Preliminary Trials. Watch the featured videos here: Corporate Video Unveiling Prototype 2.0 What is Battery Rebalancing? Patent Applications Battery X Rebalancing Technologies' first patent application, method and system for battery pack adjustment, introduces a novel solution to address the common issue of imbalanced battery cells within a battery pack - an issue that leads to reduced capacity, safety concerns, and shortened lifespan. In most battery packs, cells charge and discharge at different rates due to variations in manufacturing, internal resistance, and temperature, which causes some cells to reach full charge or depletion before others. As a result, traditional battery management systems (BMS) cut off charging or discharging based on the weakest cell, wasting the remaining potential of other cells. This invention solves that problem through a smart system that continuously monitors and adjusts the state of charge (SOC) of each group of cells (referred to as "strings"). The system includes a display controller (which manages operations), a charger and discharger (handling overall energy flow), and an equalizer (which precisely adjusts each string). By allocating charge and discharge intelligently across the cells, the system ensures they all reach full capacity and deplete evenly, thereby maximizing usable energy, detecting early signs of degradation, enhancing safety, and extending the overall life of the battery pack. The second patent application, for two-wire charging and remote voltage detection, presents a streamlined method to charge a battery and measure its voltage using only two wires-significantly reducing system complexity and hardware costs. In conventional battery systems, separate wires or sensors are typically required to monitor voltage during charging, which adds material costs and design challenges, especially in large-scale applications like electric vehicles or grid storage. This invention enables both functions over the same wire pair by briefly pausing the charge current, opening a switch, and using that moment to measure the battery's voltage through the same lines. A pulse isolation drive circuit is used to manage this operation safely and reliably, even when voltage levels are floating or unstable. The result is a simplified yet highly accurate system that maintains the integrity of voltage readings while eliminating the need for redundant hardware. This two-wire approach offers a more efficient and cost-effective solution for modern battery systems that demand reliability, safety, and scalability. 1 Battery University, 2, IEA, 3 U.S. News 4 Rho Motion - Global EV Sales 2024, 5 IEA Global EV Outlook 2024, 6 IEA, 7 U.S. News, 8 Recurrent Auto About Battery X Metals Inc. Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit On Behalf of the Board of Directors Massimo Bellini Bressi, Director For further information, please contact: Massimo Bellini BressiChief Executive OfficerEmail: mbellini@ (604) 741-0444 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to, among other things, the Company's objectives, strategies, and future plans regarding the continued development, validation, patenting, and commercialization of proprietary lithium-ion battery rebalancing software and hardware technologies. Specific forward-looking statements include, but are not limited to, statements regarding the performance, applicability, and scalability of Prototype 2.0 across electric vehicle battery platforms; the Company's ability to file and obtain full utility patents from the USPTO; the anticipated benefits of the Company's rebalancing technology in extending battery life, restoring lost capacity, and reducing the need for costly replacements; the Company's positioning as a participant in the EV battery rebalancing and lifespan extension market; and the potential market adoption and commercial deployment of the Company's proprietary platform. These forward-looking statements are based on current expectations, estimates, assumptions, and projections that the Company believes to be reasonable as of the date of this release. However, such statements are inherently subject to significant technological, scientific, business, operational, regulatory, and economic risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: uncertainties related to the USPTO patent application process and the scope of intellectual property protection ultimately granted; challenges in achieving consistent results across different battery chemistries, configurations, and EV platforms; delays in further testing, development, or market readiness of Prototype 2.0; risks related to commercial deployment and market acceptance; changes in industry demand, regulation, or competitive landscape; and general macroeconomic, geopolitical, and capital market conditions. Forward-looking statements reflect the beliefs, assumptions, and expectations of management at the time they are made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company's continuous disclosure filings available under its profile at for additional risk factors and further information. SOURCE: Battery X Metals View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
Carbeeza Announces Settlement Agreement
CALGARY, AB / / June 13, 2025 / Carbeeza Inc. ("Carbeeza" or the "Company") (TSXV:AUTO)(OTCQB:CRBAF) announces that, further to its news release of June 21, 2024, the Company has entered into a settlement and release agreement (the "Settlement") with Northern Micro Inc. and IDX Systems Corp. (the "Claimants"), in connection with a Statement of Claim filed by the Claimants for unpaid professional services. The claim relates to a licensing and service agreement, sublease, and sales agreement previously entered into between the Company and the Claimants. In consideration for the mutual full and final release of claims, the Company agreed to pay the Claimants $1,700,000, inclusive of applicable taxes, payable in monthly installments commencing from the date of the Settlement and continuing through to September 2027. The Company may, at its discretion, make additional payments in advance without penalty. Upon full payment of the settlement amount, the parties shall file a discontinuance of claim in Alberta. Carbeeza Inc. Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers. ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC. Mark Tommasi, Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Mark Tommasi, Interim Chief Executive OfficerEmail: Investorrelations@ 604 318 1448Website: SOURCE: Carbeeza Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data