Victory Battery to sell Quebec mining claims for $115K

Sep 1, 2023

2023-09-01 09:21 ET – News Release

Mr. Mark Ireton reports

VICTORY SELLS LAC SIMARD, QUEBEC CLAIMS

Victory Battery Metals Corp. has entered into a mining claims option agreement between the company and Alexandr Beloborodov Geologue Inc. (the purchaser), dated Aug. 15, 2023, providing for the sale by the company of an undivided 100-per-cent interest in and to various mining claims located in Lac Simard, Quebec, for a total consideration of $115,000.

The company will retain a royalty of 2-per-cent net smelter returns (NSR). The purchaser shall have the option to purchase 1 per cent of the NSR from the corporation upon payment of $1-million, and up to an additional 0.5-per-cent NSR upon the payment of $1-million. The corporation will retain first right of refusal to purchase the remaining NSR royalty owned by the corporation at the discretion of the corporation.

Mark Ireton, Victory chief executive officer and director, noted: “With a dedicated focus on Stingray, Smokey Lithium, Tahlo Lake and Georgia Lake, our team and resources are best deployed on these promising projects that are more advanced and can return benefits to shareholders in the shorter term, so an offer to sell Lac Simard was accepted, supporting our teams’ focus on our main properties.”

About Victory Battery Metals Corp.

Victory Battery Metals is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.

We seek Safe Harbor.

https://www.victorybatterymetals.com/