September 11, 2024 — In a recent interview with Pat Bolland of InvestorNews, Frank Basa, President, CEO, and Director of Coniagas Battery Metals Inc. (TSXV: COS), discussed the company’s developments and strategic plans. Coniagas, a Canadian junior mining company, focuses on nickel, copper, cobalt, and platinum group metals, primarily in Quebec. Basa highlighted that the company’s flagship project, the Graal project, has demonstrated promising results with a confirmed 6 km strike length of high-grade mineralization, including nickel, copper, cobalt, and platinum group elements. “We have found some very significant results,” Basa stated, referring to the shallow drilling already conducted. Coniagas aims to further develop the Graal project with deeper drilling and potential production, targeting the rapidly growing electric vehicle (EV) industry.
Basa also emphasized the company’s “Feed First” strategy, which focuses on securing feedstock for battery metals production before establishing full-scale mining operations. He noted that Coniagas has received significant interest from offshore sources, particularly from the Democratic Republic of Congo (DRC), offering high-grade copper and cobalt materials. “We were offered 29 million tons of very high-grade copper-cobalt material,” Basa explained, underscoring the potential to process these materials through Coniagas’ Re-2Ox process. This hydrometallurgical process, which has been developed over six years, offers an environmentally friendly alternative to traditional smelting, making it an attractive option for processing cobalt and nickel sulfates for EV batteries. In collaboration with Investissement Québec, the company is considering building a processing plant in Quebec to support the province’s growing battery industry, further positioning Coniagas as a potential key supplier in the global EV market.
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About Coniagas Battery Metals Inc.
Coniagas Battery Metals Inc. is a Canadian junior mining company, focused on nickel, copper, cobalt, and platinum group metals in Québec. The Company’s strategy aims to generate shareholder value by developing its mineral assets and constructing an advanced processing plant, positioning Coniagas as a potential key supplier for the electric vehicle (EV) industry.
Graal Project: Strategic Resource Development
The 100%-owned Graal project near Saguenay, Quebec, has shown significant potential through extensive geophysical surveys and shallow drilling. It has identified high-grade nickel and copper mineralization, with showings of cobalt, platinum, and palladium, along a 6 km strike length at shallow depths potentially suitable for open-pit mining. Upcoming activities include further drilling, metallurgical testing, and consultations with First Nations, culminating in a NI 43-101 resource report. The NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada, dated January 17, 2024, provides detailed project information.
Long-Term Vision and Commercialization Strategy
Coniagas leverages proprietary technologies like the Re-2Ox hydrometallurgical process for the extraction and production of cleaner, low-carbon, battery-grade materials. This innovative process eliminates the need for traditional smelting, significantly reducing the environmental footprint. Combined with strategic projects such as Graal and CAM/pCAM production initiatives, Coniagas is positioning itself as a potential player in the future of the EV industry.
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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.
This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.
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