Future Battery Minerals strategic sale completion

Future Battery Minerals (ASX:FBM) has successfully completed the sale of its 80% interest in the Nevada Lithium Project for A$4 million. The sale allows FBM to concentrate its efforts on the Coolgardie Lithium Projects in Western Australia, backed by a robust cash balance of A$8.14 million and no debt.

Future Battery Minerals outlook and project strategy

Future Battery Minerals has strategically divested its Nevada Lithium Project to focus on its promising Coolgardie Lithium Projects: the Kangaroo Hills and Miriam projects. With a solid financial footing, the company plans to accelerate exploration activities, including geophysical surveys and drilling, particularly at the Miriam project by early 2025. The advantageous location in an infrastructure-rich area facilitates year-round operations and enhances development potential. FBM aims to expand its resource base and readiness for development over the next two years, driven by an experienced leadership team.

Insights from Future Battery Minerals on strategic focus

The sale of our Nevada Lithium Project allows us to dedicate resources to our high-potential projects in Western Australia. Our strong financial position with A$8.14 million cash and zero debt positions us well for aggressive exploration and development efforts in the Coolgardie region.