VANCOUVER, BRITISH COLUMBIA – Vancouver, British Columbia, | 14 April, 2023 – Green Battery Minerals Inc. (“GEM” or the “Company”) (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) is pleased to announce it has appointed AdvanceCap Inc., a fully integrated capital markets services firm, to help GEM increase its visibility on the capital markets.
AdvanceCap, recently formed by a group of highly successful Bay Street and Wall Street professionals, will assist the Company with its investor and influencer outreach, as well as provide admin services to support GEM’s IR efforts.
Thomas Yingling, President and CEO for GEM, commented, “We have made very considerable progress at our Berkwood graphite property. With less than 10% of the property fully explored, the Company’s drilling programme has already resulted in very significant graphite resource to fuel the exponentially growing lithium-ion battery sector. With 97 new graphite mines needed to meet projected demand, now is the time to take our operations and the Company to the next level and be a much more active market participant. We are pleased to have signed up AdvanceCap whose pedigree, experience and connections, we believe, will help us increase our profile and help the Company realize its true value for investors.”
Marc Lakmaaker, CEO of AdvanceCap, added, “Graphite, an anode material, is by weight the largest mineral constituent of lithium-ion batteries (LiBs) powering the EV revolution (15 times more graphite needed than lithium). To us, the equation is simple: the word needs graphite, there is a shortage of graphite, GEM is developing an impressive graphite resource and generating significant value. Furthermore, GEM is also an innovator in the space as it is working on developing the next generation of LiBs based on graphene, to be produced from GEM’s graphite. The combination of the resource quality and size with potentially disruptive innovation is what makes GEM such an interesting company for us to work with and we look forward to introducing the story to a new generation of critical mineral investors.”
In consideration of the services, the AdvanceCap shall receive $6,000 cash upon TSX approval and $3,000 for the second and third month. In addition, the Company has agreed to grant AdvanceCap an option to purchase up to 375,000 common shares at $0.08 per share for one year, granted in accordance with the Company’s Omnibus Share Incentive Plan.
AdvanceCap does not currently own any securities, directly or indirectly in the Company.
The agreement with AdvanceCap is subject to the approval of the TSX Venture Exchange.
About Green Battery Minerals
Green Battery Minerals is focused on the development of critical mineral resources, in particular for the EV battery space. Managed by a team with over 150 years of collective experience, management has a proven track record of both finding numerous deposits and developing these into successful mining operations. The Green Battery Minerals team’s most recent success is discovering the Berkwood graphite deposit in Northern Québec, one of the world’s highest quality deposits aimed at supplying the EV battery (lithium-ion batteries, or LIBs) space. The Company is also working on developing the next generation LiB, based on graphene.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
President, CEO & Director
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Disclaimer for Forward-Looking Information:
Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It is important to note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedar.com. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors.
Neither 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.