Coniagas Battery Metals is a newer face in the battery metal value chain with a strategic focus on exploration in Quebec.
CEO Frank Basa joined Proactive on the floor of PDAC 2024 to discuss the new company’s plans to advance the Graal project amidst high demand for a North American source of battery metals.
Proactive: We're here at PDAC 2024, and I am joined by Frank Basa, CEO of Coniagas Battery Metals. Frank, can you tell us a bit more about this new venture?
FB: Coniagas Battery Metals is focused on battery metals, spinning off from our original investments in Nord Precious Metals. After extensive exploration and finding a significant unstruck area, we've valued our in-ground resources between $5 billion to $8 billion. This discovery led us to create a dedicated company for battery metals in Quebec.
What can you tell us about the Graal property?
The Graal property, our jewel, is shaped like a funnel and has shown some impressive shallow drilling results. We're planning deep drilling next, hoping for large intercepts. It's situated in a great location, which we're calling the Holy Grail of our assets.
What are your plans for 2024, especially regarding the listing and drilling?
Once we complete our listing, which should happen by mid-March, we're also expanding our property portfolio in Quebec and advancing our testing and drilling operations. Our strategy involves simultaneous development, drilling, and product testing to fast-track our results.
That sounds promising. What's the potential impact on your shareholders?
We've designed our ventures to add value to our shareholders through dividends and spin-offs, like with Coniagas Battery Metals. Our approach minimizes risk while maximizing potential returns, especially in the long-term battery metals market.
Thank you, Frank. It was great learning about Coniagas Battery Metals' prospects.
Thank you for having me. It's an exciting time for us.