Join our daily newsletter At The Bell to receive exclusive market insights
- Battery Age Minerals is due to start trading on the ASX on Monday under the ticker code BM8
- It’s a re-listing focussed on the Falcon Lake lithium project in Ontario, Canada, with secondary projects targeting copper in Morocco and zinc, lead and germanium in Austria
- BM8 has raised $6.5 million as part of the relisting process at a share offer price of 40 cents with a one-for-one attaching option at 50 cents
- The company plans to start its maiden drilling program at Falcon Lake in the first half of this year
Battery Age Minerals is due to start trading on the ASX on Monday under the ticker code BM8.
It’s a re-listing focussed on the Falcon Lake lithium project in Ontario, Canada, with secondary projects targeting copper in Morocco and zinc, lead and germanium in Austria.
As part of the relisting process, BM8 has raised $6.5 million through a capital raise at a share offer price of 40 cents with a one-for-one attaching option at 50 cents.
Battery Age has been restructured as an international explorer focussed on highly-sought future-facing minerals through the acquisition of its three assets.
The company plans to begin a maiden drilling program at Falcon Lake in the first half of this year.
It will also progress exploration at the unexplored Tidili copper-gold project in Morocco, as well as the Beliberg zinc, lead and germanium project in Austria. Germanium is a key element in the production of semiconductors, microchips and other high-value applications.
Battery Age is led by an experienced board and management team including Chairman Robert Martin and CEO Gerard O’Donovan.
Mr O’Donovan worked as a project manager at lithium producer Pilbara Minerals (PLS) during its growth phase and led the development of the world-class Pilgangoora lithium-tantalum mine and processing facility. He also managed the upgrade, recommissioning and restart of the Njungaju mine and processing facility.
Mr O’Donovan said the Falcon Lake project had been explored sporadically during the 1950s and again between 2010 and 2016.
“Previous explorers generated significant intercepts of spodumene mineralisation and defined at least three known lithium occurrences which have been very lightly explored,” he said.
“We are excited to re-launch the company on the ASX as Battery Age Minerals, giving investors exposure to a diversified portfolio underpinned by a high-quality lithium exploration asset.”
