Welcome to our dedicated page for First Lithium Minerals news (Ticker: flmcf), a resource for investors and traders seeking the latest updates and insights on First Lithium Minerals stock.
First Lithium Minerals Corp (FLMCF) news coverage tracks developments from this Canadian junior exploration company focused on lithium and precious metals discovery. As an exploration-stage mining venture, First Lithium Minerals generates news primarily through field program updates, financing announcements, and assay results from its North and South American properties.
Exploration company news follows distinct patterns tied to seasonal field work, capital raising activities, and laboratory analysis timelines. First Lithium Minerals updates investors on drilling progress at its Lidstone Project in Ontario and geochemistry sampling at the Salar de Ascotan Project. These announcements provide insight into the company's exploration strategy and resource potential.
Financing news represents a critical category for junior mining companies. First Lithium Minerals periodically announces flow-through share offerings and private placements that fund exploration activities. Understanding the terms and timing of these financings helps investors assess potential dilution and the company's ability to advance its projects.
Follow First Lithium Minerals news to monitor exploration results, project updates, and corporate developments. Bookmark this page to track announcements that may influence FLMCF share price movements and the company's progress toward potential resource discoveries.
First Lithium Minerals (OTC: FLMCF) has commenced a field exploration program at its 17,300 ha Lidstone Project, located 270 km north of Thunder Bay, Ontario. The property covers ~27 km of greenstone belt within the English River subprovince and is 100% owned with no royalties.
Work will prioritize the northern and central belt sectors defined by magnetic highs/lows and a historical quartz sample of 0.272 g/t Au. Activities include prospecting, geochemical rock sampling, and geological mapping to refine targets for potential gold or base metal mineralization and to produce drill targets for 2026. Field work is expected to be completed by end of Q4 2025, with Bayside Geoscience engaged as geological consultant.
First Lithium Minerals (OTC:FLMCF) has completed a flow-through financing, raising gross proceeds of $75,000 through the issuance of 937,500 flow-through shares at $0.08 per share.
The company paid finders fees of $2,450 in cash and issued 30,625 finders warrants, exercisable at $0.08 per share for 18 months. Company insiders participated in the financing, purchasing 500,000 Flow-Through Shares. The securities issued will have a four-month and one-day hold period from closing.
First Lithium Minerals (OTC:FLMCF) has announced a flow-through financing initiative to raise up to $600,000 through the issuance of up to 7.5 million flow-through shares at $0.08 per share.
The proceeds will be used for eligible Canadian exploration expenses qualifying as flow-through mining expenditures on the Company's exploration properties in Ontario. These qualifying expenditures will be renounced to subscribers with an effective date no later than December 31, 2025. The issued securities will have a four-month and one-day hold period from closing.
First Lithium Minerals (CSE: FLM) (OTC: FLMCF) has announced promising results from a near-surface sediment geochemical survey at its Salar de Ascotan Project in Chile's Antofagasta Region. The 1,775-hectare property, fully owned by the company, is situated in an established lithium, boron, and copper production district.
The survey, conducted over identified geophysical and drill targets, collected 50 samples at depths between 0.5-1.5 meters. Key findings include maximum values of 245 ppm of lithium and 2,420 ppm of boron in the central west section of the project. The analysis, combined with previous Transient Electromagnetic and Magneto-Telluric surveys, suggests favorable characteristics for potential lithium and boron brine mineralization.
The company plans to commence a 1,500 meters drilling program in H2/25, subject to obtaining required permits. The sampling program followed industry standards with proper QA/QC protocols, with analysis conducted by AGS Laboratory in Chile.
First Lithium Minerals Corp. (CSE: FLM) (OTC: FLMCF) has announced a gold discovery at its wholly-owned Lidstone Prospect in northwestern Ontario. During initial reconnaissance field exploration in October 2024, the company collected 54 rock samples, with one sample from a quartz vein yielding 0.272 g/t Au.
The Lidstone property, situated near the English River Basin boundary, consists of metasedimentary units, including metagreywacke, metasiltstone, and meta-argillite. While the sampling of LCT pegmatites showed no significant lithium mineralization, prompting a revision of the exploration program, the company identified potential for gold mineralization.
The company plans to conduct further geological analysis and continue exploration for both gold and lithium in Q2/Q3 2025. The exploration work was performed by Bayside Geoscience of Thunder Bay, Ontario, with samples analyzed at AGAT Laboratories following strict QA/QC protocols.
First Lithium Minerals Corp. (CSE: FLM) (OTC Pink: FLMCF) (FSE: X28) has completed its previously announced flow-through financing, raising gross proceeds of $40,000. The company issued 266,667 flow-through shares at an issue price of $0.15 per share. All securities issued are subject to a four-month and one-day hold period from the closing date.
Notably, insiders of the company purchased 166,667 flow-through shares, constituting a "related party transaction" under CSE policies and MI 61-101. The company is relying on exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of the transaction involving interested parties does not exceed 25% of the company's market capitalization.
First Lithium Minerals Corp. (CSE: FLM) (OTC Pink: FLMCF) (FSE: X28) has announced its intention to complete a flow-through financing for gross proceeds of $40,000. The company will issue 266,667 flow-through shares at an issue price of $0.15 per share. These shares will qualify as 'flow-through shares' under the Income Tax Act (Canada).
The proceeds will be used to incur eligible 'Canadian exploration expenses' that qualify as 'flow-through critical mineral mining expenditures' related to the Company's Lidstone exploration project in the Thunder Bay Mining Division of northwestern Ontario. These expenditures will be renounced in favor of subscribers with an effective date no later than December 31, 2024. All securities issued will be subject to a four-month and one-day hold period from the closing date.
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