FE Battery Metals Corp. Files Amended Annual Report for Fiscal Year Ended March 31, 2023

TL;DR

<b>FE Battery Metals Corp. has filed an amended annual report for the fiscal year ending March 31, 2023, providing updated financial and operational details.</b>

AI Summary

FE Battery Metals Corp. (LINMF) filed a Amended Foreign Annual Report (20-F/A) with the SEC on April 26, 2024. FE Battery Metals Corp. filed an amended annual report (Form 20-F/A) for the fiscal year ended March 31, 2023. The company was formerly known as First Energy Metals Limited. As of March 31, 2023, FE Battery Metals Corp. had 41,920,038 Common Shares Without Par Value outstanding. The company's principal executive offices are located at 700 West Georgia Street, 25th Floor, Vancouver, British Columbia, Canada. The filing is an amendment to the annual report, indicating updates or corrections to previously submitted information.

Why It Matters

For investors and stakeholders tracking FE Battery Metals Corp., this filing contains several important signals. This amended filing suggests that the company is correcting or supplementing information previously submitted, which could impact investor understanding of its financial health and operations. As a mining company focused on battery metals, this filing is crucial for investors tracking its progress in exploration, development, and potential resource extraction.

Risk Assessment

Risk Level: low — FE Battery Metals Corp. shows low risk based on this filing. The filing is an amendment to a previous annual report, indicating potential for revised information but not necessarily new material events. The core business remains in the exploration stage.

Analyst Insight

Investors should review the specific amendments in this 20-F/A filing to understand any changes to FE Battery Metals Corp.'s financial position or operational disclosures.

Key Numbers

• 41,920,038 — Common Shares Outstanding (As of March 31, 2023)
• 2023-03-31 — Fiscal Year End (Report period)

Key Players & Entities

• FE Battery Metals Corp. (company) — Registrant name
• First Energy Metals Limited (company) — Former company name
• March 31, 2023 (date) — Fiscal year end
• 41,920,038 (dollar_amount) — Number of outstanding common shares
• Gurminder Sangha (person) — Company contact person
• Vancouver, British Columbia, Canada (location) — Principal executive offices and mailing address

FAQ

Industry Context

FE Battery Metals Corp. operates in the metal mining sector, with a focus on battery metals, a critical component for electric vehicle and renewable energy technologies.

Regulatory Implications

The company is subject to SEC regulations for its filings, including annual reports and amendments, ensuring transparency for investors in the U.S. securities market.

What Investors Should Do

1. Review the specific amendments made in the 20-F/A filing for any changes to financial statements or disclosures.
2. Analyze the company's operational status and any updates regarding its battery metal projects.
3. Monitor future filings for further developments in FE Battery Metals Corp.'s exploration and development activities.

Key Dates

• 2024-04-26: Filing Date — Submission of amended annual report (20-F/A)
• 2023-03-31: Fiscal Year End — Period covered by the annual report

Year-Over-Year Comparison

This filing is an amendment (20-F/A) to the previously filed annual report for the fiscal year ended March 31, 2023, indicating revisions or additions to the original submission.

Key Financial Figures

• $49,544,263 — nception (deficit at March 31, 2023, is $49,544,263), which casts doubt on the ability of t
• $1,994,858 — 023, the Company had working capital of $1,994,858, compared to working capital of $459,01
• $459,010 — 994,858, compared to working capital of $459,010 at March 31, 2022. Working capital is d

Filing Documents

• ea0204537-20fa1_febat.htm (20-F/A) — 662KB
• femff-20230331.htm (EX-99.1) — 1336KB
• exhibit4-1.htm (EX-4.1) — 117KB
• exhibit4-7.htm (EX-4.7) — 128KB
• exhibit12-1.htm (EX-12.1) — 9KB
• exhibit12-2.htm (EX-12.2) — 9KB
• exhibit13-1.htm (EX-13.1) — 4KB
• exhibit13-2.htm (EX-13.2) — 4KB
• exf-1_001.jpg (GRAPHIC) — 25KB
• exf-1_002.jpg (GRAPHIC) — 33KB
• exf-1_003.jpg (GRAPHIC) — 9KB
• image_001.jpg (GRAPHIC) — 162KB
• image_002.jpg (GRAPHIC) — 165KB
• image_003.jpg (GRAPHIC) — 485KB
• image_004.jpg (GRAPHIC) — 379KB
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• image_007.jpg (GRAPHIC) — 1001KB
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• image_009.jpg (GRAPHIC) — 218KB
• image_010.jpg (GRAPHIC) — 82KB
• image_011.jpg (GRAPHIC) — 91KB
• image_012.jpg (GRAPHIC) — 209KB
• image_013.jpg (GRAPHIC) — 195KB
• image_014.jpg (GRAPHIC) — 114KB
• image_015.jpg (GRAPHIC) — 149KB
• image_016.jpg (GRAPHIC) — 46KB
• image_017.jpg (GRAPHIC) — 91KB
• 0001176256-24-000045.txt (&nbsp;) — 19609KB
• femff-20230331.xsd (EX-101.SCH) — 105KB
• femff-20230331_cal.xml (EX-101.CAL) — 28KB
• femff-20230331_def.xml (EX-101.DEF) — 302KB
• femff-20230331_lab.xml (EX-101.LAB) — 597KB
• femff-20230331_pre.xml (EX-101.PRE) — 311KB
• ea0204537-20fa1_febat_htm.xml (XML) — 1451KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 59 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 60 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 60 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 60 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 60 ITEM 16. [RESERVED] 61 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 61 ITEM 16B. CODE OF ETHICS 61 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 61 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 61 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 61 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 61 ITEM 16G. CORPORATE GOVERNANCE 62 ITEM 16H. MINE SAFETY DISCLOSURE 62 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 62 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 62 ITEM 19. EXHIBITS 62 6 PART 1

identity of DIRECTORS, SENIOR management and advisers

ITEM 1. identity of DIRECTORS, SENIOR management and advisers A. Directors and Senior Management This Form 20-F is being filed as an annual report under the Securities Exchange Act of 1934, as amended and as such, there is no requirement to provide any information under this item. B. Advisors This Form 20-F is being filed as an annual report under the Securities Exchange Act of 1934, as amended and as such, there is no requirement to provide any information under this item. C. Auditor This Form 20-F is being filed as an annual report under the Securities Exchange Act of 1934, as amended and as such, there is no requirement to provide any information under this item.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE This Form 20-F is being filed as an annual report under the Securities Exchange Act of 1934, as amended and as such, there is no requirement to provide any information under this item.

KEY INFORMATION

ITEM 3. KEY INFORMATION A. Selected Financial Data This Form 20-F is being filed as an annual report under the Securities Exchange Act of 1934, as amended and as such, there is no requirement to provide any information under this item. B. Capitalization and Indebtedness This Form 20-F is being filed as an annual report under the Securities Exchange Act of 1934, and as such, there is no requirement to provide any information under this item. C. Reasons for the Offer and Use of Proceeds This Form 20-F is being filed as an annual report under the Securities Exchange Act of 1934, and as such, there is no requirement to provide any information under this item. D. Risk Factors The following is a brief discussion of those distinctive or special characteristics of the Company's operations and industry which may have a material impact on FE Battery's financial performance. Readers should carefully consider the risks and uncertainties described below before deciding whether to invest in shares of the Company's common stock. Financial Risk Factors FE Battery has no source of operating cash flow, has a history of operating losses and has no assets of any significance with positive financial statement carrying values. In addition, all of the Company's projects have a financial statement value of zero. The Company has no revenues from operations and all of its mineral property interests are in the exploration stage. The Company will not receive revenues from operations at any time in the near future, and the Company has no prior years' history of earnings or cash flow. The Company has not paid dividends on its shares at any time since incorporation and does not anticipate doing so in the foreseeable future. The Company's financial statements have been prepared assuming it will continue on a going-concern basis. Should funding not be obtained, this assumption will change and the Company's assets may be written down to realizable values. The Company has incurred l

View Full Filing

View this 20-F/A filing on SEC EDGAR