February 28, 2020 Vancouver, British Columbia; – LiCo Energy Metals Inc. (“the Company “or” LiCo”) TSXV: LIC; OTCQB: WCTXF is pleased to announce that as permitted by the Company’s Articles, the Board of Directors of the Company has approved and will proceed with a change of name to “Fuse Cobalt Inc.” The name change is subject to TSX Venture Exchange approval.
The Company believes that the change of name to “Fuse Cobalt Inc.” will better reflect the Company’s business direction.
The Company is also pleased to announce that it will be launching its new website simultaneously with the name change.
The Company will issue a further new release announcing the new CUSIP number, new stock symbol, mechanics and effective date of the name change and the Company’s new website launch.
About LiCo Energy Metals: LiCo Energy Metals
LiCo Energy Metals Inc. is a Canadian based exploration company that trades under the symbol LIC on the TSX Venture Exchange. The Company’s focus is on exploration for high value metals required for the manufacturing of lithium ion batteries.
Ontario Cobalt Properties:
LiCo owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of LiCo’s Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agaunico Mine.
Nevada Black Rock Desert Lithium Project:
The Company has entered into an option agreement whereby the Company may earn an undivided 100% interest, subject to a 3% NSR, in the Black Rock Desert Lithium Project in southwest Black Rock Desert, Washoe County, Nevada.
On Behalf of the Board of Directors
Rick Wilson, President &CEO
Neither the TSX Venture Exchange nor its 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.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.