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Lux Metals Corp. reports developments tied to its Canadian mineral-exploration issuer activities, governance changes, market-awareness arrangements and capital-structure actions. Formerly Huntsman Exploration Inc., the company completed a name and ticker change to Lux Metals Corp. and LXM on the TSX Venture Exchange, while BBBMF has appeared as its OTC symbol in company releases.
Recurring updates include director and financial-officer appointments, consulting and marketing-service agreements, share consolidation mechanics, and mineral-property option activity. Earlier Huntsman releases also covered project-level matters involving the Canegrass Nickel Project and lithium or pegmatite-related exploration rights.
Lux Metals (OTC: BBBMF) received drill permits for the La Grande Gold Project in Québec’s James Bay, enabling its 2026 exploration program.
The company, funded by a recent $4 million private placement, plans 5,000 metres of diamond drilling starting Q3 2026 plus mapping, sampling, and drone magnetic surveys. Historic drilling at Zone 32 includes 83.8 metres grading 7.95 g/t gold, with mineralization remaining open. Lux also granted 900,000 stock options at $0.24 per share to new directors and officers.
Lux Metals (OTC:BBBMF) announced board and finance leadership changes on March 17, 2026: Mike Stier appointed director and Geneviève Ayotte appointed Chief Financial Officer. The company also accepted resignations of former CFO Joseph Meagher and director Nathan Tribble.
Stier brings ~20 years in capital markets and directorship roles; Ayotte is a Chartered Professional Accountant with over 15 years of mining-sector financial experience, including a decade at PwC.
Lux Metals (TSXV: LXM) announced a 12-month marketing services agreement with Zimtu Capital, under which Lux will pay Zimtu $16,666.67 per month (plus GST), totaling $200,000.04 annually (plus GST). Zimtu holds 2,750,000 common shares and 2,750,000 warrants in Lux.
The warrants comprise 1,000,000 warrants at $0.05 expiring February 14, 2027 and 1,750,000 warrants at $0.40 expiring January 26, 2028. The agreement is subject to TSX Venture Exchange approval.
Lux Metals announced a 12-month consulting services agreement with Zimtu Capital to provide advertising, marketing and investor relations services.
The contract is for CAD$16,666.67 per month (plus GST); no securities will be issued for the services and the agreement is subject to TSX Venture Exchange approval.
Lux Metals (BBBMF) entered an option agreement to acquire a 100% interest in the La Grande Project in James Bay, Québec, subject to a 4% royalty and TSXV approval.
The district-scale project covers 15,357 ha across a >40 km Archean gold trend, with year-round Transtaiga Road access and nearby hydroelectric power. Historical work includes 253 drill holes (52,472 m) and notable intercepts such as 83.8 m @ 7.95 g/t Au. Lux must complete a private placement of at least C$2.0M and, after closing, issue shares equal to 19.9% outstanding to La Pulga; milestone share issuances of 4,000,000 shares apply at defined NI 43-101 resource thresholds.
Huntsman Exploration (TSXV: HMAN) announced its upcoming name change to Lux Metals Corp. The company has received approval from the TSX Venture Exchange for this corporate rebranding initiative. The name change will become effective on September 25, 2025, at which point the company's shares will begin trading under the new ticker symbol LXM. The change also includes new CUSIP/ISIN numbers: 55067G108/CA55067G1081.
Summary not available.
Huntsman Exploration Inc. announces a share consolidation, effective March 10, 2023, on a 10-for-1 basis. Currently, there are 157,247,604 common shares outstanding, which will reduce to approximately 15,724,760 post-consolidation. Fractional shares will be rounded down, and no fractional shares will be issued. This consolidation, approved by the Board of Directors on February 27, 2023, aims to streamline the capital structure. Huntsman focuses on mineral exploration with projects in Western Australia and Nevada.
Huntsman Exploration Inc. (TSXV:HMAN; OTC PINK:BBBMF) has signed an Option Agreement to divest lithium and pegmatite-related metal rights at its Canegrass Nickel Project to Corcel Plc. Corcel will pay a non-refundable deposit of £20,000 for a 30-day exclusive option to acquire these rights. If exercised, Corcel will issue 50,000,000 new ordinary shares at a deemed price of 0.4p, totaling £200,000. Huntsman continues to focus on the exploration of its Nickel and Gold projects in Western Australia and Nevada, respectively. This move aligns with the company's strategy to optimize asset management.
Huntsman Exploration Inc. (OTC PINK: BBBMF) reports on exploration activities at the Canegrass Project in Western Australia, highlighting potential for Lithium-Caesium-Tantalum (LCT) pegmatites. Following successful findings by Aldoro Resources at their nearby Wyemandoo Project, Huntsman plans ground truthing and geochemical sampling starting January 2023 to confirm these targets. The company has also successfully reapplied for surrendered exploration blocks previously lost under the Western Australian Mining Act.