Libra Energy Materials Announces Change of OTCQB Stock Symbol

Rhea-AI Summary

Libra Energy Materials (OTCQB: LIBRF) announced that its OTCQB Venture Market trading symbol changed from PWMCF to LIBRF at market open on December 30, 2025. The company's common shares will continue trading on the Canadian Securities Exchange under LIBR and on the Frankfurt Stock Exchange under W0R0.

Libra also issued an aggregate of 1,266,593 incentive stock options at an exercise price of $0.17 per common share. The Options vest over one year, expire five years from grant, and are subject to approval by the Canadian Securities Exchange.

Toronto, Ontario--(Newsfile Corp. - December 30, 2025) - Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) ("Libra" or the "Company") announces the change of its OTCQB Venture Market stock symbol from 'PWMCF' to 'LIBRF' at the market open on December 30, 2025. The Company's common shares will continue to trade on the Canadian Securities Exchange (the "CSE") under the symbol "LIBR" and on the Frankfurt Stock Exchange under the symbol "W0R0".

The Company also announces that it has issued an aggregate of 1,266,593 incentive stock options ("Options") at a exercise price of $0.17 per common share to certain officers, employees, directors and consultants of the Company. The Options shall vest over a one-year period, expire five years from the date of grant and are subject to approval by the Canadian Securities Exchange.

About Libra Energy Materials Inc.

Libra (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. Libra's Flanders North, Flanders South, and SBC projects in Ontario are being explored under a $33 million earn-in deal with KoBold Metals Company. In addition, Libra has 100% ownership over another three lithium projects in Ontario and Quebec, Canada, as well as another twenty-one lithium projects, eight graphite projects, and one cobalt project in Brazil - an emerging critical minerals hub. The Libra team comprises a mix of seasoned executives, engineers, and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy, and First Nations engagement.

For further information, please contact:

Koby Kushner, P.Eng., CFA
Chief Executive Officer and Director
e: kkushner@libraenergymaterials.com
t: 416-846-6164

Forward-Looking Information & Cautionary Statement

This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, capital market conditions, restriction on labour and supply chains, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

The CSE has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279182

FAQ

Why did Libra Energy Materials change its OTCQB symbol to LIBRF on December 30, 2025?

The company changed its OTCQB trading symbol from PWMCF to LIBRF at market open on December 30, 2025 as announced by the company.

Will Libra Energy Materials still trade on the CSE and Frankfurt exchanges after the OTCQB symbol change?

Yes. Common shares will continue trading on the Canadian Securities Exchange under LIBR and on the Frankfurt Stock Exchange under W0R0.

How many stock options did Libra Energy Materials grant on December 30, 2025 (LIBRF)?

The company issued an aggregate of 1,266,593 incentive stock options at an exercise price of $0.17 per common share.

What are the key terms of the 1,266,593 options granted by Libra (LIBRF)?

The Options vest over one year, expire five years from the date of grant, and are subject to Canadian Securities Exchange approval.

Who received the incentive stock options from Libra Energy Materials (LIBRF)?

The Options were issued to certain officers, employees, directors and consultants of the company.

Does the option grant by Libra (LIBRF) require exchange approval and when is that noted?

Yes. The Options are subject to approval by the Canadian Securities Exchange, as stated in the announcement.