Champion Electric Metals Inc. - CHELF STOCK NEWS

Champion Electric Metals Inc. (CSE: LTHM) has confirmed spodumene-bearing pegmatite dikes in multiple trenches at its Quebec Lithium Project in James Bay territory. The company exposed dikes ranging from 3 to 17 meters width in 3 trenches near a previously drilled mineralized intersection. These findings are part of the 2024 field program, which follows up on a 1,700-meter-long glacial dispersal train of spodumene-bearing boulders.

Key points:

• Spodumene content in exposed dikes visually estimated at 2-10%
• 112 channel samples sent for analysis, results expected in early August
• Minimum strike length of 340 meters indicated for one pegmatite dike
• Upcoming drill program to start in about two weeks

The company aims to identify areas with potential for increased thickness and lithium grade along strike and at depth.

Champion Electric Metals has announced high-grade lithium results from initial rock samples at its Quebec Lithium Project in the James Bay territory. The samples, collected from a boulder field spanning 1.7 km, revealed lithium oxide concentrations as high as 5.83%. Out of 30 grab samples from spodumene-bearing boulders, 23 showed over 1.0% Li2O. Further exploration includes trenching and mapping to define additional targets. The results indicate a strong mineral system with higher grades than found in drilling. The sampling was conducted under stringent QA/QC protocols.

Champion Electric Metals has secured a C$167,000 grant from Quebec’s Ministry of Natural Resources and Forests for its 2024 exploration program at its Lithium Property in James Bay, Quebec. The grant will fund metallurgical test work and drilling scheduled for later this year. The program supports projects aimed at discovering critical and strategic minerals in Quebec. Champion Electric's President and CEO, Jonathan Buick, expressed gratitude for the support, emphasizing the importance of developing domestic supplies of critical metals.

Champion Electric Metals, trading under CHELF, has updated its progress on the ongoing field program at its lithium property in James Bay, Quebec. Their spring field program follows a successful winter drilling campaign and includes prospecting, till sampling, boulder prospecting, mapping, trenching, and channel sampling. Recent discoveries include a boulder field containing large spodumene crystals, some up to 30cm in length. Excavators have been deployed for trenching, and samples have been sent to the lab for analysis. The company continues to explore other promising areas on the property.

Champion Electric Metals has initiated preparations for a new field program at its Lithium Property in James Bay, Quebec, following a recent discovery. Significant intervals of spodumene crystals and potential lithium mineralization were found in drill holes EIQ24-007 and EIQ24-008. The company plans further prospecting, mapping, geophysics, excavation, and channel sampling in the area. The field program aims to explore the continuation of the pegmatite mineral system. The team will clear overburden, build roads, and continue till sampling along the pegmatite trend. Permits for the next round of drilling have been secured.

Champion Electric Metals announced a binding letter of intent (LOI) with Prestwick Capital for the Baner Gold Project in Idaho.

Prestwick acquires a 100% interest in Baner Gold Project by making cash payments and issuing securities totaling $950,000, 1.3 million common shares, and warrants for 600,000 shares over 2.5 years.

Prestwick holds an exclusive right to manage the project and must maintain it in good standing.

The transaction is contingent on Prestwick's due diligence, TSX Venture Exchange approval, and meeting Initial Listing Requirements for a Mining Issuer.

Champion Electric shifts focus to lithium and cobalt operations.

Champion Electric Metals announced its maiden drill program results, intersecting lithium at the Western Prospect on its James Bay, Quebec property. Key findings include 10.0 meters at 0.42% Li2O, with notable intervals such as 3.0 meters at 0.62% Li2O. Another drill hole intersected 1.85 meters at 0.56% Li2O. These results indicate the edge of a mineralized system, which the company aims to explore further. Associated pathfinder elements like tantalum, cesium, niobium, and rubidium were also present. The exploration team has identified two pegmatite corridors, suggesting significant potential for further lithium mineralization.

Champion Electric Metals Inc. completes maiden exploration drilling at its Lithium Property in James Bay, Quebec, with 10 diamond drill holes totaling 2,263 meters. Significant spodumene-rich pegmatite intersections were found, confirming the presence of lithium mineralization. The drill program focused on the Western Prospect, near advanced projects by Patriot Battery Metals and Winsome Resources. The discovery of spodumene-bearing pegmatites near the surface indicates promising potential for future drilling campaigns.

Champion Electric Metals Inc. (CHELF) announces the discovery of lithium-mineralized pegmatite during its drill program at the Lithium Property in James Bay, Quebec. The company intercepted approximately 19.1m of spodumene bearing pegmatite beneath the overburden. The mineral system remains open to the north-east, with geologists confirming the presence of spodumene using visual and UV light methods.