Welcome to our dedicated page for BLACK SPRUCE EXPL news (Ticker: LOMEF), a resource for investors and traders seeking the latest updates and insights on BLACK SPRUCE EXPL stock.
Lithium One Metals Inc. (OTCQB: LOMEF) generates news that spans technical exploration updates, corporate transactions, and capital markets developments. In its releases, the company describes itself as a Canadian exploration company specializing in the acquisition and development of high-potential lithium properties in Ontario and Québec, with multiple projects in the Eeyou Istchee James Bay region of Québec.
News items include detailed results from reconnaissance and phase-one exploration programs at properties such as Cyr-Kapiwak, Highway, Taycan, Bus, and Bugatti. These updates discuss anomalous lithium, cesium, rubidium, and tantalum values, spodumene-bearing pegmatite boulders, and trends of elevated lithium-cesium-tantalum (LCT) pegmatite indicator elements, along with plans for further work and drill targeting. Technical releases also note that the scientific and technical content has been reviewed and approved by a Qualified Person under National Instrument 43-101.
Investors following LOMEF-related news will also see coverage of corporate events. Lithium One has reported on the completion of its acquisition of Norris Lithium Inc. by way of a court-approved plan of arrangement, associated board and management changes, and the issuance of shares and cash compensation to a financial adviser in connection with that acquisition. Additional releases describe the engagement of a market maker to assist with trading in its shares and the results and adjournment of an Annual General Meeting of shareholders.
More recent news highlights a name change from Lithium One Metals Inc. to Black Spruce Exploration Inc., together with a share consolidation and a new TSX Venture Exchange trading symbol. For readers tracking LOMEF, this news flow provides context on the company’s exploration progress, corporate evolution, and governance decisions over time.
Lithium One Metals (TSXV: LONE) received TSX Venture Exchange approval to change its name to Black Spruce Exploration Inc. and to complete a 1-for-3 share consolidation.
The Name Change and Consolidation take effect at the start of trading on December 4, 2025, and the company will trade under the symbol BARK with new CUSIP/ISIN 09225Q102/CA09225Q1028. Outstanding shares will be reduced from 82,891,113 to approximately 27,630,371. Shareholders' percentage ownership and voting power remain unchanged except for fractional-share adjustments.
Registered holders will receive letters of transmittal to exchange existing certificates for new post-consolidation certificates via Endeavor Trust Corporation; no new certificate will be delivered until the existing certificate is surrendered.
Lithium One announced a new assignment agreement with Xplore Resources, Bounty Gold, and Last Resort Resources regarding an option agreement originally established in December 2022. This agreement involves transferring Lithium One's rights to acquire certain mineral claims in Ontario to Xplore. In return, Xplore must issue 790,000 shares and pay a total of $67,500 to the Optionors, with an initial $29,000 already paid. Xplore will also assume a royalty obligation of 2% of net smelter returns, which can be reduced to 1% upon a $1,000,000 payment. Lithium One will receive a $200,000 assignment fee from Xplore, subject to TSX Venture Exchange approval.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.