March 19, 2025 — “Coniagas Battery Metals Inc. (TSXV: COS) is positioned in ‘elephant country,’ known for extraordinary deposits,” stated CEO Frank Basa during an interview with InvestorNews.com host Tracy Hughes at PDAC 2025. Basa emphasized the exceptional exploration potential of the company’s Graal property near Saguenay, Quebec, highlighting significant nickel, copper, cobalt, and platinum group metals (PGM) discoveries. According to Basa, the initial drilling results indicate grades frequently exceeding 1%, with certain intersections even reaching double-digit percentages. “Regardless how you look at it, the grades are unbelievable over extremely wide widths,” he remarked, adding that the deposit has a compelling open-pit potential, coupled with deeper underground mining possibilities, since “historically, the deeper you go, the better the grades.”
The strategic importance and resource potential of Quebec as a mining jurisdiction was also underscored by Basa. Referring to Quebec as exceptionally supportive, he noted, “you pick up the phone…and they say, ‘how can we help, what can we do for you?’” Basa praised organizations such as Investment Quebec for proactively supporting exploration companies and even traveling internationally to assist in promotion, describing them as “super supportive” and “really wonderful people.” He further noted the regional geological strength, particularly with reference to nearby Power Metallic Mines Inc.‘s (TSXV: PNPN | OTCBB: PNPNF) notable discoveries, emphasizing the Graal property’s favorable geological setting known for large-scale, high-grade base metal deposits.
Basa provided additional insight into the diverse metal composition at the Graal property, pointing out intriguing occurrences of PGMs within early drill programs. Although initially not emphasized due to conservative reporting practices, Basa disclosed, “we hit a lot of platinum group metals” with “crazy PGM numbers,” which repeatedly appeared in drill assays. He conveyed excitement for Coniagas Battery Metals’ future, reiterating that shareholders should expect robust drilling activity throughout 2025. Basa concluded confidently, “we drill, we talk, and we never stop,” reflecting the company’s focused strategy aimed at defining a significant critical metals resource to meet rising demand from the electric vehicle market.
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About Coniagas Battery Metals Inc.
Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper and cobalt and platinum group metals in Québec. Coniagas’ strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metals supplier to the electric vehicle (EV) market.
At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The Company plans in the near-term to conduct additional drilling leading to the production of a Ni 43-101 resource report, metallurgical testing and consultations with First Nations. The Graal project and immediate work plan are outlined in detail in the “NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” dated January 17, 2024.
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This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.
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