Welcome to our dedicated page for Champion Electric Metals news (Ticker: CHELF), a resource for investors and traders seeking the latest updates and insights on Champion Electric Metals stock.
Champion Electric Metals Inc. reports developments as a discovery-focused mineral exploration company with public trading symbols that include CHELF, LTHM and 1QB0. Its updates cover exploration work and project stewardship across lithium properties in Quebec and copper, gold, cobalt and polymetallic assets in Idaho, including the Champagne project, Baner gold project interests and claims in the Idaho Cobalt Belt.
Company news also includes portfolio transactions, shares-for-debt settlements, board and management changes, and disclosures related to Canadian exchange acceptance and securities-law requirements. These releases frame Champion Electric's capital structure and project portfolio as it manages exploration assets and corporate obligations.
Champion Electric (OTC: CHELF) has mobilized its technical team for a comprehensive desktop geologic study of the Champagne Gold Project in Idaho. The work will integrate four decades of drilling, trenching, geophysics, and surface data into a 3D model to define drill-ready targets.
The company will also settle about $175,900 of debt via issuing 17,587,584 shares at $0.01, including 16,440,000 shares to a director, subject to CSE approval, hold period, and escrow. Champion Electric is electing semi-annual reporting under CBO 51-933 beginning with Q1 2026.
Champion Electric (OTC Pink: CHELF) completed a shares‑for‑debt transaction on March 25, 2026, settling $440,063.68 of obligations by issuing 44,006,638 common shares at a deemed price of $0.01 per share.
The Shares are subject to Canadian hold periods and contractual vesting: 25% unlocks at 4, 8, 12 and 16 months from March 25, 2026. The securities were not registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an exemption.
Champion Electric (OTC Pink: CHELF) intends to settle $440,063.68 of debt by issuing 44,006,368 common shares at $0.01 per share. The Shares will have a four-month hold period and a 12-month contractual escrow release schedule. Completion is subject to final acceptance of the Canadian Securities Exchange.
The transaction replaces cash payments with equity, formalizes debt settlement agreements with arm's-length creditors, and imposes transfer restrictions on the issued Shares.
Champion Electric (OTC Pink: CHELF) announced on December 29, 2025 that it entered into a mining claims acquisition agreement dated December 19, 2025 to sell its wholly owned Champion Lithium Project in Eeyou Istchee James Bay, Quebec.
The Company will receive aggregate cash consideration of USD $1,000,000, subject to regulatory approvals including the Canadian Securities Exchange. Proceeds are intended for liability reduction, working capital, and strategic initiatives. The transaction is a related‑party sale and the Company relied on MI 61‑101 exemptions.
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.