Future Battery Minerals Limited

Managing Director and CEO, Nick Rathjen, shares insights on FBM's strategic direction, highlighting the Kangaroo Hills and Miriam lithium projects and what makes them standout within Australia’s exploration landscape. Nick will delve into the rationale behind the recent Nevada Lithium Project sale, explore the geological strengths of the Coolgardie greenstone belt, and provide updates on the promising Big Red discovery. We’ll discuss our commitment to cost-effective exploration and maintaining a strong balance sheet, all while advancing toward meeting global lithium demand. Tune in to MarketOpen podcast for an inside look at the milestones and vision for FBM’s Western Australian projects.

Managing Director & CEO, Nick Rathjen, shares the strategic rationale behind selling the Nevada Lithium Project. This key decision aims to concentrate the company’s efforts on its core Western Australian assets, with a special focus on the Kangaroo Hills and Miriam projects. Nick also outlines how proceeds from the sale will drive new exploration initiatives and showcases recent progress in these high-potential lithium projects.

Stockhead latest article highlights how FBM’s strategic play could position it well as the market balances supply and demand. Lithium prices are testing the limits, but analysts predict a turnaround as projects scale back and demand continues to rise. Despite market pressures, Future Battery Minerals (ASX: FBM) is accelerating exploration at the Miriam Project, identifying key lithium targets and planning initial drilling for H1 2025. Read article 🔗 https://loom.ly/sooX4cs #Lithium #BatteryMetals #Exploration  Nick Rathjen Robin Cox

Future Battery Minerals Limited to focus on WA lithium projects following $4m sale of Nevada play Future Battery Minerals is selling its 80% interest in the Nevada lithium project to Austroid Corporation for $4m in cash to focus on its lithium assets in WA’s Goldfields region. Exploration at the Nevada lithium project (NLP) had defined an initial mineral resource estimate of 1.5Bt at 783ppm Li for 6.2Mt contained LCE at the Lone Mountain prospect, which is near the mining hub of Tonopah.

The article from Stockhead Special Report highlights the strategic decision to sell our 80% interest in the Nevada Lithium Project to Austroid Corporation for A$4 million in cash.

Future Battery Minerals Limited (ASX:FBM) has announced the divestment of its Nevada Lithium Project, securing A$4 million in cash. This sale bolsters FBM's cash balance to A$8.7 million, allowing a sharper focus on its high-grade lithium assets in Western Australia’s Goldfields region. Key Highlights: ✅ Boosted Cash Position: FBM’s pro-forma cash balance will reach approximately A$8.7 million post-transaction. ✅ Focused Strategy: Resources now directed towards advancing flagship projects — Kangaroo Hills and Miriam. ✅ Infrastructure Advantage: WA lithium projects benefit from proximity to established mining infrastructure. FBM Managing Director, Nick Rathjen, states: “While this asset offers large-scale claystone lithium development potential, we strongly believe that focusing on our highly prospective lithium assets in the W.A. Goldfields will deliver the best returns for our shareholders.” With its strategic positioning, FBM is set to make strides in the lithium space, aligning with the global shift towards clean energy. Neville Power | Robert Waugh | Robin Cox | Silfia Morton #Lithium #BatteryMetals #ASX #CleanEnergy #MineralExploration

Future Battery Minerals sells 80% stake in Nevada Lithium Project - Future Battery Minerals Limited #Australia #gold #Lithium #ASX #Grafa

Future Battery Minerals (ASX: FBM) has divested its 80% stake in the Nevada Lithium Project, securing A$4M in cash under a binding agreement with Austroid Corporation. This transaction not only strengthens FBM’s balance sheet—boosting cash to A$8.7M. The company is poised to advance its Kangaroo Hills and Miriam Projects with a well-capitalized and strategic approach. Read 🔗 https://loom.ly/qU77BAE #ASX #BatteryMetals #Mining #Lithium Nick Rathjen Robin Cox

#ASXNews  Future Battery Minerals (ASX: FBM) announces the sale of its 80% interest in the Nevada Lithium Project for A$4M in cash, under a binding agreement with Austroid Corporation. This strategic move allows FBM to sharpen its focus on the flagship Kangaroo Hills and Miriam Lithium Projects in Western Australia's Goldfields. Post-transaction, FBM’s pro-forma cash balance will rise to A$8.7M, strengthening our ability to drive forward key Australian exploration initiatives.  Read 🔗 https://loom.ly/qU77BAE #ASX #FBM #Lithium #BatteryMetals #LithiumDemand #EV #CriticalMinerals #CleanEnergyFuture Nick Rathjen Robin Cox

$FBM has signed a binding agreement to sell FBM’s 80% interest in the Nevada Lithium Project (NLP) for A$4 million cash. 👉 Disposal of the NLP allows sharpened focus on FBM’s flagship Kangaroo Hills Lithium Project (KHLP) and Miriam Lithium Project (Miriam) in the W.A. Goldfields region. 👉 Provides maximal leverage to the combination of belt-scale prospectivity within these projects with excellent regional infrastructure in the W.A. Goldfields, and FBM’s proven Australian-based operational team. 👉 Post completion of NLP sale, FBM to emerge with pro-forma cash of A$8.7 million when coupled with FBM’s cash balance at 30 September 2024 (A$4.7M). 👉 Transaction expected to complete in Q4 2024. Managing Director, Nick Rathjen said "“We are very pleased with the terms agreed for the sale of our interest in the NLP. While this asset offers large-scale claystone lithium development potential, we strongly believe that focusing on our highly prospective lithium assets in the W.A. Goldfields will deliver the best returns for our shareholders.” Robin Cox Robert Waugh Neville Power #lithium #EV #ASXNews $FBM.ax