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Idaho Champion Positioned for Active 2023 with Its Portfolio of North American Battery Metals Projects
Exploration programs to build on last quarter's successful corporate development pivot Toronto, Ontario--(Newsfile Corp. - January 12, 2023) - Idaho Champion (C
About this update from Champion Electric Metals Inc.
[{"type":"text","content":" Exploration programs to build on last quarter's successful corporate development pivot Toronto, Ontario--(Newsfile Corp. - January 12, 2023) - Idaho Champion (CSE: ITKO) (OTCQB: GLDRF) (FSE: 1QB1) (\"Idaho Champion\" or the \"Company\") is pleased to summarize major milestones from a pivotal 2022 for the Company. Last year, Idaho Champion initiated a strategic review of its property portfolio, and after assessing the market conditions and investor sentiment, the Company subsequently decided to transition to critical minerals exploration within North America. At that time, the Company already had in its portfolio several cobalt projects that hadn't seen modern exploration, located in the Idaho Cobalt Belt in close proximity to Jervois Mining Ltd.'s producing Idaho Cobalt Operations. In the last quarter of 2022, Idaho Champion added to its portfolio by completing the acquisition of a 162 km2 prospective lithium pegmatite property package in the Eeyou Istchee James Bay territory of Quebec where Patriot Battery Minerals has made their recent Corvette discovery*. The Company successfully closed several rounds of flow-through and non-flow-through private placements and has fully financed the first phases of exploration on both its cobalt and lithium projects and the subsequent follow-up work through early 2023. \"It is clear that the critical metals commodity basket will be a major driving force as many countries try to meet carbon neutral deadlines, resolve supply shortages, and achieve some supply chain independence. We based our strategic review around the likely direction of investor interest over the next several years given these macro conditions. Our technical team has always believed in the potential of our Idaho cobalt ground, and with Jervois' operations expected to reach name plate commercial production early this year, it made sense to build a new focus around these properties. Complementing our portfolio with the addition of strategically located lithium assets gives Idaho Champion the ability to diversify the discovery potential and explore year-round. These steps put us much closer to realizing one of our goals: to be at the forefront of exploration in the next producing battery metals regions of North America,\" stated Jonathan Buick, President and CEO. Idaho Cobalt Projects As a result of the new core focus for Idaho...