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Vancouver, B.C. (January 7th, 2022)First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company has engaged Wall Street Reporter, a multi-platform global marketing firm. Wall Street Reporter to help us share the First Energy Metals story with a wider audience.

The Company also announces has engaged Jack Marks and Octagon Media Corp., an affiliated company of Wall Street Reporter (together “Octagon”), for a six-month term to deliver a digital media advertising campaign coupled with an investor marketing program. As compensation, Octagon will receive a payment of US$125,000 and has been granted incentive stock options exercisable to purchase up to 750,000 common shares in the capital of the Company at an exercise price of $0.40 CAD per share. The options will be exercisable for a period of five (5) years.

The stock option grant will be subject to a four-month hold period and is subject to Canadian Securities Exchange approval.

About the Augustus Lithium Property

The Company owns 100% interest in Augustus Lithium Property in Landrienne & Lacorne-Townships, Quebec, Canada. The Property consists of 300 mining claims covering a total area of 15,000 hectares located approximately 40 kilometres northwest of the town of Val d’Or on map sheets 32C/05 and 32D08. The Property claims are spread in several claim blocks optioned in 2021 from different vendors. The Company has prepared a well thought out work plan on the property which includes diamond drilling, metallurgical testwork to produce battery grade lithium carbonate, and resource estimation. To date, the Company has completed 5,847 metres of diamond drilling in its Phase I drill program and has subsequently deployed its Phase II program. 

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 technology metals, precious metal, and base metal 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;
  • 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.

ON BEHALF OF THE BOARD OF
FIRST ENERGY METALS LTD.

“Gurminder Sangha”
Gurminder Sangha
President & Chief Executive Officer
For further information, please contact the Company at: gsangha@firstenergymetals.com or (604) 375-6005

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Forward-looking Information 

Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about the Company’s information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Table 1: Drill Hole LC21-14 Assay Highlights

Analyte Symbol

 

 

 

Li

Li2O

Be

Cs

Fe

Nb

Rb

Ta

Unit Symbol

 

 

 

ppm

%

ppm

ppm

%

ppm

ppm

ppm

Detection Limit

From

To

Total width

3

 

3

0.1

0.05

2.4

0.4

0.2

Analysis Method

m

m

m

FUS-MS-Na2O2

201719

106

107

1

969

0.21

151

1080

1.23

11

3300

17.5

201721

107

108

1

2,810

0.60

413

1150

2.75

47.9

4360

58.6

201722

113

113.5

0.5

1,680

0.36

29

157

3.03

27.1

409

53.7

Start of Mineralized Intersection  

201723

115.5

116.5

1

10,000

2.15

227

49.6

0.58

96.4

446

115

201724

116.5

117

0.5

1,220

0.26

67

12.8

0.41

5.7

46.8

12.6

201726

117

118

1

8,620

1.85

181

53

0.49

66

820

54.1

201727

118

119

1

6,530

1.40

216

44

0.48

49.1

363

59.9

201728

119

120

1

4,150

0.89

246

24.8

0.41

128.9

163

261

Total Width / Average assays

 115.5

120.0

4.5

6,104

1.43

187.40

36.84

0.47

69.22

367.76

100.52

201729

120

121

1

323

0.07

31

22.7

0.64

50.5

350

141

201731

127.5

128.5

1

2,510

0.54

83

106

2.05

64.3

1110

55.5

201732

128.5

129.5

1

96

0.02

12

11.6

0.33

162

270

119

201733

129.5

130.5

1

111

0.02

13

13.9

0.43

148.3

274

73.8

201734

130.5

131

0.5

276

0.06

22

43

1.13

59.5

271

40.1

201735

143.5

144

0.5

1,220

0.26

93

198

3.78

37

958

43.1

201736

144

145

1

115

0.02

279

29.8

0.46

102.3

328

97.6

201737

145

146

1

172

0.04

443

38

0.59

134.3

633

88.7

201738

146

147

1

1,080

0.23

236

37.9

0.57

88.2

1120

48.6

201739

147

148

1

114

0.02

256

29.6

0.46

75.6

495

66.4

201741

148

148.5

0.5

1,760

0.38

91

386

6.29

13.6

1300

10.5

201742

160

161

1

399

0.09

244

97.8

1.69

92.1

702

69.4

201743

165

166

1

40

0.01

157

15.5

0.47

152.3

544

91.1

201744

166

167

1

58

0.01

201

37.4

0.43

92.2

1370

64.3

201745

167

168

1

48

0.01

183

30

0.55

163.5

957

82.9

201746

168

168.9

0.9

55

0.01

248

19.3

0.44

161.7

618

119

Note: A standard conversion factor of 2.15 was used to report Li to Li2O values
All intersections reported are based on drilled width and have not been converted to the true width.


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