VICTORY SELLS LAC SIMARD, QUEBEC CLAIMS
01 September 2023 - 1:00PM
Victory Battery Metals Corp. (CSE: VR) (FWB: VR61) (OTC: VRCFF)
("Victory" or the "Company") announces that the Company
has entered into a Mining Claims Option Agreement between the
Company and Alexandr Beloborodov Geologue Inc.. (the "Purchaser"),
dated August 15, 2023 (the "Purchase Agreement"), providing for the
sale by the Company of an undivided 100% interest in and to various
mining claims located in Lac Simard, Quebec, for a total
consideration of CAD $115,000.
The Company will retain a royalty of 2% of net smelter returns
(“NSR”). The Purchaser shall have the option to
purchase 1% of the NSR from the Corporation upon payment of
$1,000,000, and up to an additional ½% NSR upon the payment of
$1,000,000. The Corporation will retain first right of
refusal to purchase the remaining NSR Royalty owned by the
Corporation at the discretion of the Corporation.
Mark Ireton, Victory CEO and Director noted: “With a dedicated
focus on Stingray, Smokey Lithium, Tahlo Lake and Georgia Lake, our
team and resources are best deployed on these promising projects
that are more advanced and can return benefits to shareholders in
the shorter term, so an offer to sell Lac Simard was accepted,
supporting our teams focus on our main properties.”
For further information, please contact:
Mark Ireton, PresidentTelephone: +1 (236) 317
2822 or TOLL FREE 1 (855) 665-GOLD (4653)E-mail:
info@victorybatterymetals.com
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE: VR) is a
publicly traded diversified investment corporation with mineral
interests in North America. The company is also actively seeking
other exploration opportunities.
Neither the Canadian Securities Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news
release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties. All
statements other than statements of historical fact are
forward-looking statements, including, without limitation,
statements regarding future financial position, business strategy,
use of proceeds, corporate vision, proposed acquisitions,
partnerships, joint-ventures and strategic alliances and
co-operations, budgets, cost and plans and objectives of or
involving the Company. Such forward-looking information reflects
management's current beliefs and is based on information currently
available to management. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "predicts", "intends", "targets", "aims",
"anticipates" or "believes" or variations (including negative
variations) of such words and phrases or may be identified by
statements to the effect that certain actions "may", "could",
"should", "would", "might" or "will" be taken, occur or be
achieved. A number of known and unknown risks, uncertainties
and other factors may cause the actual results or performance to
materially differ from any future results or performance expressed
or implied by the forward-looking information. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company including, but not limited to, the impact of general
economic conditions, industry conditions and dependence upon
regulatory approvals. Readers are cautioned that the assumptions
used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. The Company does not assume any
obligation to update or revise its forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as required by securities laws.
Investor Relations
Victory Battery Metals Corp
+1 (236) 317 2822
info@victorybatterymetals.com
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