Champion Electric Metals Stock Price, News & Analysis

Champion Electric Metals (OTC Pink: CHELF) announced on November 6, 2025 that Paul Fornazzari has stepped down from his position as a member of the company's Board of Directors, effective immediately.

The Board will continue to operate with the three remaining members until a suitable candidate is appointed to fill the vacancy.

Champion Electric Metals (OTC:CHELF) announced the immediate departure of President and CEO Jonathan Buick due to health reasons. The Board has appointed Nicholas Konkin as Interim President and CEO, while Buick will remain on the Company's Board of Directors.

Konkin brings over 15 years of capital markets and corporate development experience in the resource sector. He was instrumental in Champion Electric's public listing and currently serves as Director of Capital Markets at Grove Corporate Services. His immediate focus will be on strengthening the company's foundation and positioning it for the anticipated metals bull market.

Champion Electric Metals (CSE: LTHM) (OTCQB: CHELF) has announced spodumene grain count results from 360 till samples at its Quebec Lithium Project in James Bay territory. Key findings include 9 till samples at the Western Prospect with 3-30 spodumene grains, extending northeast for ~1.5 km from Trench 12. Additionally, 5 till samples near the Power Line Prospect showed 1 spodumene grain, and 16 samples within 3.5 km of the Powerline Prospect contained 1-2 grains. The company has successfully extended its lithium mineralized corridor to over 10 kilometers between the Western and Powerline Prospects.

Champion Electric Metals (CSE: LTHM, OTCQB: CHELF, FSE: 1QB0) applauds Rio Tinto's $6.7 billion acquisition of Arcadium Lithium, emphasizing Rio's commitment to future lithium demand. Champion Electric's President and CEO, Jonathan Buick, noted the acquisition positions Rio as a top-three EV metals producer and highlights Quebec's key role in the energy transition. Champion Electric expects sustained investment interest and value creation in Quebec. The company is advancing its exploration program in James Bay, Quebec, focusing on the Quebec Lithium Project near significant lithium occurrences. Recent trenching revealed substantial lithium content, including widths of up to 10.5 meters with 0.96% Li₂O, and 8.5 meters with 1.17% Li₂O. Analytical results from Phase II drilling and spodumene grain counts are anticipated soon, with renewed trenching and drill target definition planned for the 2025 field season.

Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) has closed the sale of its Baner Gold Project in Idaho, USA to Legacy Gold Mines The deal includes immediate compensation of $75,000, 1.1 million Legacy common shares, and warrants for 200,000 shares at $0.30 each. Additional payments and share issuances are scheduled over the next 30 months, totaling $925,000 in cash and more shares and warrants. Legacy gains exclusive rights to manage the project and can acquire 100% interest upon fulfilling all payments. Champion Electric retains a 1% net smelter return royalty, which Legacy can buy back for $7.5 million. The agreement includes a voluntary escrow arrangement for the issued shares.

Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) has announced significant lithium findings from its trenching program at the Western Prospect of the Quebec Lithium Project. Key results include:

- 10.5 metres averaging 0.96% Li2O
- 8.5 metres averaging 1.17% Li2O

The program exposed spodumene-mineralized pegmatite dikes at three locations over a 340-metre strike length. The length-weighted average grade of all channel samples in pegmatite is 0.47% Li20, with samples over 0.40% Li2O averaging 1.09% Li2O. The highest Li2O content for a one-metre channel sample is 2.39% Li2O. The company is now conducting core drilling to test for increased mineralized widths at depth.

Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) has commenced Phase II drilling at its Quebec Lithium Project in the James Bay territory. The program aims to drill up to 1,500 metres to further test spodumene-bearing pegmatite dikes identified in Phase I drilling and recent trench exposures. Initial drilling will focus on a 700-metre segment of a 1,700-metre glacial dispersal train of spodumene-bearing boulders.

The company has collected 157 systematic channel samples from twelve trenches, 9 outcrop samples, 46 float samples, and 51 till samples across the Western Prospect. A 50 kg sample of spodumene mineralization will be collected for metallurgical testing. Analytical results from surface sampling are expected to start arriving in early September.

Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) has successfully closed an $800,000 private placement of flow-through shares. The proceeds will be used for Canadian exploration expenses qualifying as 'flow-through critical mineral mining expenditures' on the company's Quebec properties. These expenses will be renounced to subscribers by December 31, 2024.

In connection with the closing, Champion Electric paid a $56,000 cash finder's fee and issued 1,120,000 broker warrants. Each warrant allows the purchase of one common share at $0.05 for 24 months. The securities are subject to a four-month hold period, and the placement's completion is pending regulatory approvals, including from the CSE.

Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) has announced a private placement of up to 25,000,000 flow-through shares at $0.04 per share, aiming to raise up to $1 million. The proceeds will be used for Canadian exploration expenses qualifying as "flow-through critical mineral mining expenditures" on the company's Quebec properties. These expenses will be renounced to subscribers by December 31, 2024. The private placement is expected to close around August 14, 2023, subject to regulatory approvals. Securities issued will have a four-month and one-day hold period from the issuance date.