Fuse Battery Metals Options Foggy Mountain Copper-Gold Project in BC

Fuse Battery Metals Inc. (TSXV: FUSE, OTC: FSBMF, FRA: 43W3) has entered into an option agreement with Cronin Exploration Inc., David Robinson and Kyle Hookie to acquire up to an 80% interest in the 4,210-hectare Foggy Mountain copper-gold-silver project in north-central British Columbia’s Toodoggone Mining District. The property is located approximately 10 kilometres east of Centerra Gold’s Kemess Mine and benefits from regional road, power and camp infrastructure. Historical 2022 rock sampling returned peak values of 3.52% copper, 11.3 grams per tonne gold and 90.5 grams per tonne silver, though the company cautions that these are individual surface-sample results and not necessarily representative of mineralization across the property. Coincident geophysical and geochemical anomalies, including anomalous copper in stream-sediment samples and copper-gold values in nearby rock samples, provide targets for follow-up exploration.

To earn an initial 70% interest, Fuse must make a C$50,000 cash payment, issue 2,250,000 common shares and 1,500,000 warrants, and complete a minimum 3,500-metre drilling program within three years. The company may earn an additional 10% interest by completing a preliminary economic assessment (PEA) in accordance with NI 43-101 and making a further C$150,000 cash payment. CEO Tim Fernback commented, “Foggy Mountain is an exciting new opportunity for Fuse as we broaden our exploration focus to include a copper-gold project in one of British Columbia’s established mineral districts. The historical sampling results and the combination of geophysical and geochemical targets give us a compelling starting point for a disciplined exploration program.” The property is an early-stage exploration project with limited historical exploration, offering scope for systematic follow-up work. A proposed first phase includes additional geological mapping and sampling to follow up on the 2025 geophysical work, ground-truth interpreted structures, investigate elevated copper in stream sediments and further characterize altered intrusive rocks and polymetallic veining. Diamond drilling of the highest-priority targets could follow, subject to results, permitting, financing and the Company’s review of the program. The agreement is subject to final acceptance by the TSX Venture Exchange. Fuse Battery Metals is a Canadian-based exploration company focused on high-value metals required for battery manufacturing, and also owns cobalt properties in Ontario. The technical contents of the news release were reviewed and approved by Jeremy Hanson, P.Geo., an independent qualified person under National Instrument 43-101.