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.
News and updates for Champion Electric Metals Inc. (CHELF) focus on its activities as a discovery-focused exploration company with lithium, cobalt, gold, and polymetallic projects. The company reports that it is advancing highly prospective lithium properties at the Quebec Lithium Project in the Eeyou Istchee James Bay territory, alongside cobalt and precious and base metal assets in Idaho, United States.
Recent news releases highlight exploration results and field programs at the Quebec Lithium Project, including till sampling, trenching, channel sampling, and core drilling at the Western Prospect and near the Power Line Prospect. Champion Electric has reported spodumene-bearing pegmatite dikes, spodumene grains in till samples, and a lithium-mineralized corridor extending over several kilometres. Updates also describe the commencement of Phase II drilling and detailed sampling and QA/QC procedures.
Champion Electric’s news flow also covers project transactions and corporate developments. The company has announced the sale of a 100% interest in the Baner Gold Project in Idaho to Legacy Gold Mines Ltd. under an option agreement, as well as a mining claims acquisition agreement for the sale of its Champion Lithium Project in Quebec to a non-arm's length buyer, subject to regulatory approvals. Additional releases discuss private placements of flow-through shares to fund qualifying exploration expenditures in Quebec.
Investors following CHELF news can also expect corporate governance and leadership updates, such as management changes and board member resignations, along with commentary from company representatives on market developments relevant to lithium and exploration in Quebec. This news page brings together these exploration, financing, and corporate announcements to help readers track how Champion Electric’s project portfolio and corporate strategy evolve over time.
Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) has signed a binding option agreement with Prestwick Capital (TSXV: PWIK.P) to sell its Baner Gold Project in Idaho, USA. The project consists of 215 unpatented lode claims covering approximately 3,818 acres. Under the agreement, Prestwick will make cash payments totaling CAD$925,000, issue 1.3 million common shares, and grant warrants for 600,000 shares to Champion Electric over multiple stages. Champion Electric will retain a 1% net smelter return royalty, which Prestwick can buy back for $7.5 million. The transaction is subject to TSX Venture Exchange approval and other conditions.
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.
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