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Bullboard - Stock Discussion Forum 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... see more

TSXV:FUSE - Post Discussion

Fuse Battery Metals Inc > For more clarification to Glencore's interest
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Post by VanderVader on Jan 21, 2021 12:06pm

For more clarification to Glencore's interest

We've purchased this property, one that they've been sitting on for a little while as they roll out their other global operations. But we have an off-take agreement with them so that any production that we have they're able to purchase at the prevailing market prices, which is good for us as well. There's a production royalty. So we're going to be involved with Glencore over the long term here. They also have a back-end option to purchase the property back at terms favorable to our company. If they would like to get that property back and eventually produce cobalt from it, we expect that that production only makes sense if they would add our adjoining Teledyne property as well. So the future might be very interesting for us in Ontario with these cobalt properties.


https://stockhouse.com/opinion/independent-reports/2017/09/26/interview-with-tim-fernback-ceo-lico-energy-metals

Comment by Nytorget on Jan 21, 2021 12:12pm
I read that yesterday and I liked what I read. Some say it is a scam. I choose to believe that it is the plain truth forwarded to the public for the greater good of things. We'll see..
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