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Fuse Battery Metals Inc V.FUSE

Alternate Symbol(s):  FUSEF

Fuse Battery Metals Inc. is an exploration stage company engaged in the acquisition, exploration and development of energy metals projects. The Company is exploring two mineral properties in the Timiskaming District of Ontario known as the Glencore Bucke and Teledyne Cobalt Properties. The properties are located in Bucke and Lorrain Townships, six kilometers (km) east-northeast of Cobalt, Ontario. The Glencore Bucke property consists of two patented mining claims totaling approximately 16.2 hectares (ha) in area and sits along the west boundary of Fuse’s Teledyne Cobalt Project. The Teledyne Cobalt property consists of five patented mining claims totaling 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha. Its lithium properties include Lithium Springs Property and Monitor Valley North Property. Lithium Springs Property is located at the southern end of the Black Rock Desert, Nevada. Monitor Valley North Property is located in Monitor Valley, Nevada.


TSXV:FUSE - Post by User

Bullboard Posts
Post by Eric35on Apr 16, 2018 2:28pm
114 Views
Post# 27892537

financial statement

financial statement Financial statement for the years ended December 2017 is on sedar.com for the end of the year cash balance of 1 128 236 $. During the year ended 31 December 2017, the Company ceased to have access to its interest in the Purickuta Property due to actions by the Atacemena Community of Toconoa. As a result and consistent with the Formal Agreement, on 1 September 2017, the Company served Notice of Force Majeure on Durus and deferred the payment of US$1,800,000 due on 15 December 2017 and US$2,000,000 due on 4 April 2018 until the Force Majeure has been resolved (Note 6). During the year ended 31 December 2017, the Company recorded an impairment write-down of $2,331,251 with respect to the Purickuta Property.
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