Vital Battery Metals Inc. announced it has entered the Lithium market by acquiring, for the cost of staking, the Schofield Lithium Project (Schofield or the Project). The Project consists of 416 single-cell mining claims covering approximately 8,824 hectares and is located approximately 60km south of Hearst, Ontario. The Project is easily accessible by logging road networks and is directly south of the Brunswick Exploration's Hurst Lithium project.

The Project was staked based on preferred geological environments and historical mapping of pegmatite outcrops. Historical mapping indicates that there are 17 pegmatite outcrops on the Project1. These range in size from decimetre veins to ~1600m x ~500m.

Although the mapping indicates there are pegmatites present on the Project, the company has yet to confirm the dimensions, extent, or any mineralization that may be present on the Project. The Project area has been under-explored but has seen sporadic exploration for gold, base, metals and more recently diamonds from 1960 to 2001. No work completed on the Project has been focused on the economic potential of the pegmatites present.

The Project is located within the Quetico Subprovince and contains a variety of evolved S-type granitoids and pegmatites hosted by metamorphosed sediments (paragneisses) and metavolcanics. The Quetico Subprovince is host to several pegmatite swarms such as Georgia Lake, Lowther and Wisa Lake. The pegmatites in the Quetico Subprovince are hosted by medium-grade unmigmatized metawacke with subordinate interbedded metapelite (e.g., spodumene-subtype Wisa Lake pegmatite and albite spodumene-type Georgia Lake pegmatites) and by their parent granite (e.g. petalite-subtype MNW pegmatite and lepidolite-subtype Lowther Township pegmatite) (Pye 1965; Breaks, Selway and Tindle 2003a, 2003b).