Monday, 29 November 2021 03:12 GMT

InvestorNewsBreaks First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) 1.35 Percent Lithium Oxide over 7 Meters in Drill Hole Lc-21-21 at Augustus Lithium Property

(MENAFN- Investor Brand Network)

First Energy Metals (CSE: FE) (OTCQB: FEMFF) , a publicly traded Canadian mineral exploration company, today announced results of drill hole LC21-21 at its Augustus Lithium Property in Quebec, Canada. According to the update, the drill hole intersected a 7-meter-wide zone with 1.35% lithium oxide (“Li2O”) at 102 metres (“m”) drilled depth. In addition, a second 5-meter wide intersection with 0.40% Li2O at 112 m drilled depth. Among the highlights, First Energy reported that, within 102 to 109 m drilled depth, average lithium (“Li”) values are 6,261 parts per million (“ppm”) 1.35% Li2O. Other anomalous values of rare metals include beryllium (“Be”) 223.14 ppm, cesium (“Cs”) 73.53 ppm, niobium (“Nb”) 64.63 ppm, rubidium 1,397 ppm, and tantalum (“Ta”) 114.40 ppm.

The company also announced a non-brokered private placement financing of up to $2,000,000 from the sale of up to 8,000,000 units, each at a price of $0.25. Each unit will consist of one common share and one fully-transferable common share purchase warrant (a“warrant”). Each warrant will entitle the holder to purchase an additional common share, each at a price of $0.50, for a period of one year from the date of closing of the private placement.

To view the full press release, visit

About First Energy Metals Limited

First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. Its goal is to identify, acquire and explore North American mineral prospects in the precious metal, base metal and industrial metals sector. The company's strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, visit .

NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company's newsroom at

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you'll need to ensure that your next press release grabs the attention of your target audience and doesn't let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement .

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the  50+ brands that make up the  InvestorBrandNetwork .

Get more out of your next press release with InvestorWire. It's unlike anything you've seen before.

For more information, please visit 

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: 

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office

InvestorWire is part of the InvestorBrandNetwork .


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.