BlueBird Enters in Definitive Agreement on the Ashburton Cobalt Project in Western Australia
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www.bluebirdbatterymetals.com
BlueBird Enters in Definitive Agreement on the Ashburton Cobalt Project in Western Australia
Vancouver, British Columbia, August 3, 2018 – Bluebird Battery Metals Inc. (TSXV: BATT;
| US:BBBMF) (the “Company” or “Bluebird”) | is pleased to announce that, further to the letter of |
| intent signed earlier this year (see news release dated June 12, 2018), it has entered into a definitive | |
| agreement (the “Agreement”) with Peter Romeo Gianni (the “Vendor”") to acquire 100% of the | |
| rights, title and interest in the granted exploration licences of the Ashburton Cobalt Project | |
| (“Ashburton”), located 100 km southwest of Paraburdoo, Western Australia. |
Definitive Agreement Details
Under the terms of the Agreement, the Company will purchase 100% of Ashburton by paying the Vendor CAD$25,000 (paid) and issuing to the Vendor upon TSX Venture Exchange acceptance, over a two year period, common shares valued at CAD$1,500,000.
This transaction is subject to the acceptance of the TSX Venture Exchange.
About Bluebird Battery Metals
| BlueBird Battery Metals (TSXV: BATT; US: BBBMF) is a Canadian publicly listed company | |
| focused on the global exploration and development of strategic battery metals projects, primarily | |
| cobalt and nickel. BlueBird’s goal is to | pursue a business model that offers direct and long-term |
leverage to the price appreciation in cobalt, nickel and manganese, three principal materials in EV
| batteries. The Company plans to | become a leader in the battery metals sector, as cobalt is currently |
| in a global supply deficit, has a vulnerable supply chain, and is part of an emerging sector with | |
| extraordinary potential. BlueBird is currently advancing a portfolio of battery metals focused | |
| assets in in Western Australia, New South Wales, Australia, and in the Yukon, Canada, and | |
| reviewing new acquisition opportunities to add to the Company’s project portfolio. |
On Behalf of the Board of BlueBird Battery Metals Inc.
Peter A. Ball Chairman and CEO
For more information, please contact 1-855-584-0160 or [email protected].
This news release may contain or refer to forward-looking information based on current expectations. Forward- looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.