Libra Energy Materials Inc. reports developments tied to its critical-minerals exploration portfolio, with recurring updates on lithium, rare earth element, graphite and cobalt project activity in Canada and Brazil. Company news includes field-program results, surface sampling, pegmatite mapping, auger drilling, geochemical reviews and project prioritization across assets such as the Kobra, Nemiscau, Wegucci and Penelope projects.
Libra's updates also cover non-dilutive exploration funding, its earn-in arrangement with KoBold Metals on Ontario lithium projects, industry conference participation, advisory board changes, capital-structure disclosures, governance matters and operating and financial results.
Libra Energy Materials (LIBRF) will present at a Kamoa Capital investor webinar on November 11, 2026, at 5:00 p.m. EST. CEO Koby Kushner and VP Exploration Dr Jérémie Pfister will discuss the company, its recently added Obamska and Cisco West projects, and plans for the months ahead. Kamoa Capital's Scott North will moderate, and attendees can submit questions during the live session.
Libra Energy Materials (LIBRF) reported Phase 1 exploration results identifying a priority lithium target at its Obamska project in Québec. Grab samples at Obamska returned up to 739 ppm lithium (0.16% lithium oxide), with four of ten samples exceeding 450 ppm; Cisco West samples returned 24–69 ppm lithium.
Eight Obamska muscovite samples with potassium-to-rubidium ratios below 15 cluster within approximately 650 m by 400 m, alongside the two highest lithium assays and several beryl-bearing pegmatites. These portable measurements indicate mineral-system evolution but are semi-quantitative, unconfirmed by laboratory analysis and not assay substitutes. Beryl occurrences extend over more than 2 km. An eight-person Phase 2 program finished September 12, 2026; the company expects assays by year-end and plans to use both programs to guide further exploration.
Libra Energy Materials (LIBRF) completed its Penelope auger drilling program in Brazil, expanding near-surface rare earth enrichment beyond the Elena target. All 22 holes, totalling approximately 261 m, are now reported across approximately 550 m east-west by 750 m north-south. Of the final 15 holes, 10 returned at least one sample above 500 parts per million (ppm) total rare earth oxides (TREO).
Hole PLE-AD-021 returned 2.0 m at 1,421 ppm TREO from surface, including 1.0 m at 2,239 ppm. PLE-AD-010 returned 12.0 m at 801 ppm from surface to the hole bottom. Several holes ended in mineralized material without reaching the base of enrichment. Element recovery rates have not been determined. Libra considers the wholly owned project non-core and sees potential monetization through earn-ins, joint ventures or divestment, while focusing on Cisco West and Obamska.
Libra Energy Materials (LIBRF) will participate in CEM's Muskoka Capital Event in Ontario from September 25 to 27, 2026.
Libra has 18 scheduled, 20-minute meetings at the JW Marriott The Rosseau Muskoka Resort & Spa. It plans to introduce investors to its recently optioned Cisco West and Obamska lithium projects in Québec and discuss upcoming exploration catalysts across its portfolio.
Libra Energy Materials (CSE: LIBR, OTCQB: LIBRF) announced that it remains a significant shareholder of Athena Gold and congratulated Athena on a new high-grade gold discovery at the Laird Lake project in Ontario’s Red Lake district, known as the Scooby Zone.
According to Libra, Athena reported a discovery hole of 23.85 g/t Au over 5 metres from 21 metres downhole, including 62.9 g/t Au and 54.1 g/t Au over separate 1‑metre intervals, with the zone remaining open and mineralization intersected in a ~400‑metre vertical step-out. Libra holds over 4.4 million Athena shares, representing more than 12% of Athena’s outstanding common shares. The technical content was reviewed by Libra’s Qualified Person, Dr. Jérémie Pfister, P.Geo., and is based on Athena’s August 19, 2026 disclosure.
Libra Energy Materials (CSE: LIBR, OTCQB: LIBRF) entered into an option agreement dated August 11, 2026 to acquire a 100% interest in the Cisco West and Obamska lithium projects in the Eeyou Istchee James Bay region of Québec. Cisco West (19,788 ha) is contiguous with and partially surrounded by Q2 Metals’ Cisco lithium project and covers about 45 km of the Nottaway Deformation Zone, while Obamska (9,779 ha) hosts large outcropping LCT pegmatites with low K/Rb and K/Cs ratios.
Libra can earn its interest via $300,000 in staged cash payments, issuance of 8,823,529 common shares over three years, and granting a 2% NSR royalty, with an option to buy back 1% per project for $2,000,000. A one-time $2,000,000 milestone may become payable per property if a qualifying mineral resource (≥50 Mt at 1.0% Li₂O) is filed. The transaction is subject to Canadian Securities Exchange approvals, and Libra plans near-term field programs including mapping, sampling, and target prioritization on both projects.
Libra Energy Materials (CSE: LIBR, OTCQB: LIBRF, FSE: W0R0) appointed Farid Mammadov, CPIR as Vice President, Investor Relations, effective immediately. Mammadov brings over five years of junior mining investor relations, marketing and communications experience, most recently as VP, Investor Relations at New Age Metals, and holds a CPIR designation and a B.A. in Business Law with a minor in Economics.
Libra is a Canadian mineral exploration company focused on critical minerals for the green energy transition. Its Flanders North, Flanders South and SBC lithium projects in Ontario are being explored under a CAD $33 million earn-in deal with KoBold Metals Company, alongside additional projects in Canada and Brazil.
Libra Energy (OTCQB: LIBRF) appointed Ty Minnick, CPA as Chief Financial Officer, effective immediately. Minnick is an experienced mining-sector CFO, with roles at Augusta Gold, Titan Mining and Athena Gold.
Outgoing CFO Carlo Rigillo will remain with Libra Energy as a consultant to support a smooth transition.
Libra Energy (OTCQB: LIBRF) appointed Dr. Jérémie Pfister as Vice President of Exploration, effective immediately. Pfister is a pegmatite and hard-rock lithium specialist with a PhD from Laurentian University and experience across Canada, Brazil, Suriname and the US.
Outgoing VP Ben Kuzmich remains as Technical Advisor, supporting Canadian exploration.
Libra Energy Materials (OTCQB: LIBRF) reported initial auger drill assays from its 100%-owned Penelope rare earths project in Minas Gerais, Brazil. Six of the first seven shallow holes returned near-surface mineralization, including up to 2.0 m at 2,033 ppm TREO and gallium grades to 45 g/t.
Intervals within 20 m of surface show 854–1,193 ppm TREO with 20–24.4% magnet rare earth oxides (MREO). Libra also staked an additional 14,604 hectares of prospective ground and plans leach tests, potential shallow RC drilling, and a strategic review to find a partner or acquirer for Penelope.