VANCOUVER, Aug. 3, 2018 /CNW/ - Bluebird Battery Metals
Inc. (TSXV: BATT; US:BBBMF) (the "Company" or
"Bluebird") is pleased to announce that, further to the
letter of intent signed earlier this year (see news release dated
June 12, 2018), it has entered into a
definitive agreement (the "Agreement") with Peter Romeo Gianni (the "Vendor"") to
acquire 100% of the rights, title and interest in the granted
exploration licences of the Ashburton Cobalt Project
("Ashburton"), located 100 km southwest of Paraburdoo,
Western Australia.
Definitive Agreement Details
Under the terms of the Agreement, the Company will purchase 100%
of Ashburton by paying the Vendor CAD$25,000 (paid) and issuing to the Vendor upon
TSX Venture Exchange acceptance, over a two year period, common
shares valued at CAD$1,500,000.
This transaction is subject to the acceptance of the TSX Venture
Exchange.
About Bluebird Battery Metals
BlueBird Battery Metals (TSXV: BATT; US: BBBMF) is
a Canadian publicly listed company focused on the global
exploration and development of strategic battery metals projects,
primarily cobalt and nickel. BlueBird's goal is to pursue a
business model that offers direct and long-term leverage to the
price appreciation in cobalt, nickel and manganese, three principal
materials in EV batteries. The Company plans to become a leader in
the battery metals sector, as cobalt is currently in a global
supply deficit, has a vulnerable supply chain, and is part of an
emerging sector with extraordinary potential. BlueBird is currently
advancing a portfolio of battery metals focused assets in in
Western Australia, New South Wales, Australia, and in the
Yukon, Canada, and reviewing new
acquisition opportunities to add to the Company's project
portfolio.
On Behalf of the Board of BlueBird Battery Metals
Inc.
Peter A. Ball
Chairman and CEO
This news release may contain or refer to forward-looking
information based on current expectations. Forward-looking
information is subject to significant risks and uncertainties, as
actual results may differ materially from forecasted results.
Forward-looking information is provided as of the date hereof and
we assume no responsibility to update or revise such information to
reflect new events or circumstances.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor
their 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.
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SOURCE Bluebird Battery Metals