![]() Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Stoping widths of up to 50 ft (15.2 m) were not unusual at the Agaunico Mine (Cunningham-Dunlop, 1979). Mineralization was generally located within 125 ft (38.1 m) above the Huronian/Archean unconformity. A significant portion of the cobalt that was produced at the Agaunico Mine was located along structures (Vein #15) that extended southward towards the northern boundary of the Teledyne Cobalt Property, currently 100% owned by FUSE. Glencore PLC is the world’s largest producer of cobalt. The Teledyne Property is subject to a production royalty in favor of New Found Gold and an off-take agreement in favor of Glencore Canada Corp., while the Glencore Bucke Property is subject to a back-in provision, production royalty, and an off-take agreement in favor of Glencore Canada Corp. Over $25 million Can has been spent thus far, (2020 dollars inflation-adjusted) on the Teledyne Property resulting in valuable infrastructure including a development ramp and a modern decline going down 500 ft parallel to the main cobalt mineralized vein. The Property is easily accessible by highway 567 and a well-maintained secondary road. The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of 5 patented mining claims totaling 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha. The Glencore property is 100% owned by Fuse Battery subject to a back-in provision, production royalty and off-take agreement. Production ceased in 1961 due to depressed Co prices and over-supply (Thomson, 1964). The amount of cobalt produced from the Agaunico Mine is greater than that of any other mine in the Cobalt Mining Camp. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. Situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario the Glencore Bucke Property adjoins, on its northeast corner, the former cobalt producing Agaunico Mine. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agnico Mine. ![]() The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse’s Teledyne Cobalt Project. The Company’s focus is on exploration for high value metals required for the manufacturing of batteries.įuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. (formerly “Fuse Cobalt Inc.”) įuse Battery Metals Inc. The stock options granted are subject to a four‐month and a day hold period expiring on June 3, 2023, in accordance with applicable Canadian Securities Laws.Ībout Fuse Battery Metals Inc. The Stock options are exercisable at a price of $0.0525 per share for a period of five years from the grant date. The stock options are granted pursuant to the terms of the Company’s stock option plan, and the requirements of the TSX Venture Exchange. (formerly “Fuse Cobalt Inc.”) (“the Company“ or “Fuse”) (TSXV: FUSE, OTCQB: FUSEF FRA:43W3) ”) announces the grant of stock options exercisable to purchase an aggregate of 2,250,000 common shares of the Company to certain directors and officers. Coquitlam, BC – Febru– Fuse Battery Metals Inc.
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