The Company is pleased to announce that the Company has received its authorization of impact-causing exploration work (ATI) from Quebec’s Ministère des Ressources naturelles et des Forêts (MRNF), clearing the way for diamond drilling to commence at the Graal property.
The Graal property is strategically located north of Saguenay-Lac St. Jean, in an area highly prospective for its favorable geology and significant potential for nickel, copper, and cobalt mineralization. Previous exploration campaigns at Graal have identified multiple high-priority targets, with historical drilling and geophysical surveys pointing toward the presence of extensive mineralized zones. The property’s strategic location provides excellent access to infrastructure and aligns with Quebec’s commitment to developing critical minerals for the clean energy transition.
“We are excited to move forward with our drill program at the Graal Property,” said Frank Basa, CEO of Coniagas Battery Metals. “Receiving this permit marks an important milestone in our exploration efforts. We believe that the region has significant potential for battery metals, and we are eager to begin drilling to further evaluate and unlock the value of this project.”
The Authorization for Impact-Causing Exploration Work (ATI) now mandatory for all significant exploration activities in Quebec since May 6, 2024, ensures that projects meet rigorous environmental and social standards before work begins. As part of the ATI process, Coniagas engaged in meaningful consultation with local stakeholders, including the Pessamit First Nation, to address concerns and integrate feedback into project planning. This approach reflects Coniagas’s commitment to responsible and transparent development, in full alignment with provincial regulations.
Coniagas Battery Metals is committed to exploring and developing sustainable resources to meet the growing global demand for battery metals, and the Graal Property is a core asset in this strategic focus.
With the ATI permit in hand, the Company is set to advance its diamond drilling campaign at Graal, a critical step in unlocking the property’s battery metals potential while fostering respectful relationships with Indigenous and local communities.
The drill program is expected to target key geological structures identified through recent surface exploration and geophysical surveys. Further updates will be provided as drilling progresses.
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