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FE Battery Metals ( (TSE:LINE) ) has provided an update.
Linear Minerals Corp announced significant findings from its 2024 exploratory drill program at the Augustus Lithium Property in Quebec, Canada. Drill hole LC24-90 revealed three spodumene-bearing lithium pegmatites with lithium oxide grades exceeding 1%, along with anomalous values of other rare metals. These results bolster the company’s efforts in lithium resource development, positioning it to meet the demand in the expanding lithium market, which is crucial for clean energy and electric vehicle industries.
More about FE Battery Metals
Linear Minerals Corp, formerly FE Battery Metals Corp, operates in the mining industry with a focus on the exploration and development of lithium resources. The company is engaged in the extraction of lithium from spodumene pegmatites, which are critical for the production of lithium-ion batteries, a key component in the growing electric vehicle and renewable energy markets.
YTD Price Performance: -29.63%
Average Trading Volume: 59,837
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.14M
See more insights into LINE stock on TipRanks’ Stock Analysis page.