FUTURE BATTERY MINERALS LTD

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Future Battery Minerals divests Nevada Lithium holding to focus on core Coolgardie assets

Small Caps

·

04 Nov 2024

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Battery Minerals Finds Gold Targets at Western Australia Project","url":"https://stock-news.laohu8.com/highlight/detail?id=2522986505","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2522986505?lang=en_us&edition=fundamental","pubTime":"2025-03-26 10:47","pubTimestamp":1742957248,"startTime":"0","endTime":"0","summary":"Future Battery Minerals  identified key gold targets at its Kalgoorlie North project in Western Australia through evaluation of airborne magnetic geophysics data, according to a Wednesday filing with the Australian bourse.The assessment found four key target areas at the project that have \"significant\" local-scale faulting and demagnetization coincident with surficial gold anomalism, the filing said.The areas will be further evaluated through infill geochemical surface sampling and targeted progression to initial drilling upon grant of the tenure, according to the filing.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4168","XAO.AU","XKO.AU","BK4109","BK7095","XJO.AU","MTX","FBM.AU","WRN"],"gpt_icon":0},{"id":"2484904021","title":"FBM divests US lithium asset to focus on Australian plays","url":"https://stock-news.laohu8.com/highlight/detail?id=2484904021","media":"The Market Herald","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484904021?lang=en_us&edition=fundamental","pubTime":"2024-11-20 06:27","pubTimestamp":1732055220,"startTime":"0","endTime":"0","summary":"Future Battery Minerals Ltd  has divested its majority (80%) holding in Nevada Lithium Project , enabling it to focus on two assets in the Coolgardie region of Western Australia.FBM received a cash consideration of $4 million for its sell-off of its interest in Nevada Lithium Corp Pty Ltd, which holds the rights to the NLP, with the company instead turning its attention to the Kangaroo Hills Lithium Project and Miriam Lithium Project, collectvely known as Coolgardie Lithium Projects.Together, the latter two plays stretch across 11 kilometres of terrritory, across the key interpreted lithium trend in the Coolgardie Greenstone Belt: and FBM is still in the early stages of evaluating what is there.This evaluation will begin with ground gravity geophysical surveys scheduled to begin this quarter at Miriam, with a drill program to begin in the first half of 2025.“We are delighted to have rapidly completed the sale of our interest in the NLP,” he said.Join the discussion: See what HotCopper ","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://themarketonline.com.au/fbm-divests-us-lithium-asset-to-focus-on-australian-plays-2024-11-20/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"markerherald_stock","symbols":["XAO.AU","BK7507","XJO.AU","BK7504","FBM","XKO.AU","FBM.AU","BK7095","PLS.AU"],"gpt_icon":0},{"id":"2480215853","title":"ASX Market Close: Chris Ellison exits MinRes | November 4, 2024","url":"https://stock-news.laohu8.com/highlight/detail?id=2480215853","media":"The Market Herald","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2480215853?lang=en_us&edition=fundamental","pubTime":"2024-11-04 14:45","pubTimestamp":1730702700,"startTime":"0","endTime":"0","summary":"The ASX200 closed up 0.56% at 8164 points.In a tumultuous day on the market, Chris Ellison’s Mineral Resources shed 9.63% after it was dramatically revealed he will exit the business. The board ultimately lost confidence in him and says he did not act with integrity. Chairman James McClements will also leave the miner in an attempt to salvage its reputation.IT and Utilities were the strongest sectors, both up 1.7%, followed closely by Telecommunication, up 1.65%.Energy was the biggest loser, down 0.7% and Materials, down just under half a percent.Future Battery Minerals closed flat after selling its 80% interest in the Nevada Lithium Project to Austroid Corporation for $4 million in cash. The sale is intended to enhance the company’s focus on its flagship projects in the Western Australian Goldfields.Telix Pharmaceuticals closed up 3.5% after the US Centers for Medicare & Medicaid Services approved separate payments for Medicare Fee for Service patients.BHP  closed down 0.42% as the ri","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://themarketonline.com.au/asx-market-close-chris-ellison-exits-minres-november-4-2024-2024-11-04/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"markerherald_stock","symbols":["BK7095","TLX.AU","BK7507","FBM.AU","HXG.AU","MIN.AU","BK7511","PLS.AU","BK7043","BK7504","AI1.AU","BK7067","BHP.AU"],"gpt_icon":1},{"id":"2480346001","title":"Future Battery Minerals divests Nevada Lithium holding to focus on core Coolgardie assets","url":"https://stock-news.laohu8.com/highlight/detail?id=2480346001","media":"Small Caps","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2480346001?lang=en_us&edition=fundamental","pubTime":"2024-11-04 10:56","pubTimestamp":1730688991,"startTime":"0","endTime":"0","summary":"Future Battery Minerals  has opted to divest its 80% shareholding in Nevada Lithium Corp to emerging US clean energy company Austroid, allowing it to focus on its core assets in Western Australia’s goldfields region.Nevada Lithium holds the rights to the project of the same name, where an initial mineral resource estimate was unveiled in April totalling 1.5 billion tonnes at 783 parts per million lithium for 6.2Mt of lithium carbonate equivalent.The total consideration for the divestment will be $4 million in cash, of which $50,000 has already been paid by Austroid as a non-refundable deposit.The combined tenure stretches 11 kilometres over a key interpreted lithium trend in the Coolgardie greenstone belt, presenting Future with a solid opportunity in the early stages of assessment.The Miriam project, located 3.5km north of Big Red, was acquired in March from Corazon Mining  and hosts high-grade spodumene-bearing pegmatites with rock chip samples up to 1.85% lithium oxide.“The proceeds","market":"hk","thumbnail":"https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/11/Future-Battery-Metals-ASX-FBM-Nevada-Lithium-Project-sale.jpg","type":0,"news_type":0,"thumbnails":["https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/11/Future-Battery-Metals-ASX-FBM-Nevada-Lithium-Project-sale.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://smallcaps.com.au/future-battery-minerals-divests-nevada-lithium-focus-core-coolgardie-assets/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"smallcap_stock","symbols":["BK7504","BK7095","BK4109","BK7507","MTX","FBM.AU","CZN.AU"],"gpt_icon":1}],"pageSize":4,"totalPage":3,"pageCount":1,"totalSize":10,"code":"91000000","status":"200"}],"@#url:\"https://hq.skytigris.cn/fundamental/corporate_actions/details/FBM.AU\",params:#limit:5,,,undefined,":[],"@#url:\"https://hq.skytigris.cn/fundamental/dividend/history\",params:#symbol:\"FBM.AU\",market:\"AU\",,,undefined,":[]}}