Lion One Metals Stock Price, News & Analysis

Lion One Metals Limited (LOMLF) has announced changes to its Board of Directors. Kevin Puil has stepped down from the Board, and Casey Spreeuw has been appointed as a new director effective May 9, 2025. Spreeuw brings over 35 years of experience in business accounting and securities industry. He is a Chartered Professional Accountant who previously served as Chief Examiner at the Vancouver Stock Exchange and held various CFO positions at financial firms including Sora Group Wealth Advisors, Jordan Capital Markets, and GF Securities. Spreeuw holds a Bachelor of Commerce in accounting from UBC and earned his CA designation in 1989.

Lion One Metals (LOMLF) has reported significant high-grade gold results from 4,123.8 meters of underground infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling campaign revealed multiple bonanza-grade gold intercepts, with the most notable being 236.00 g/t gold over 0.4m. Other impressive results include 101.58 g/t over 0.5m and 102.35 g/t over 0.3m.

The drilling focused on the Zone 5 area's UR2 lode, with most intercepts located within 50m of current underground workings. These results are expected to be incorporated into the mine plan within the next 6-12 months. The UR2 lode features a 600m strike length, dipping steeply east, with current mine development occurring at the 1100, 1102, and 1134 levels.

Lion One Metals has completed a significant mine ventilation upgrade at its Tuvatu Gold Mine in Fiji, enabling expanded underground development and access to the high-grade Zone 500 feeder zone. The upgrade has doubled airflow at the main portal, allowing for development of more mineralized headings.

The company reported Q1 CY2025 gold production of 3,555 oz from 27,841 tonnes milled at an average grade of 4.9 g/t gold with 80.4% recovery. While this represents a 155% year-over-year increase, it marks a decrease from Q4 2024's 4,300 oz due to maintenance downtime and weather impacts.

Currently operating at 300 TPD, the company plans to expand to 600-700 TPD by 2026. Development highlights include a record 13 active headings and the first shrinkage stope along the Ura1 lode, where previous drilling returned 142.66 g/t gold over 2.2m. The stope is expected to begin production in May-June 2025.

Lion One Metals (LOMLF) has reported significant high-grade gold results from 2,194.70 meters of underground infill and grade control drilling at its Tuvatu Gold Project in Fiji. The drilling program, focused on the Ura lode system, revealed impressive bonanza grade gold assays including:

- 142.66 g/t over 2.2m
- 489.52 g/t over 0.4m
- 168.95 g/t over 0.5m
- 189.15 g/t over 0.3m
- 179.95 g/t over 0.3m

The Ura system, currently being mined from both 1095 and 1116 levels, consists of three identified lodes (Ura1, Ura2, and Ura3). Mining operations are planned through conventional shrinkage stoping, with narrow mining widths of approximately 1.5m over a 100m strike length. The system remains open at depth and largely untested below current modeled lodes, presenting significant potential for resource expansion.

Lion One Metals (OTCQX: LOMLF) has announced the commencement of engineering and construction of a flotation circuit at its wholly-owned Tuvatu Alkaline Gold Project in Fiji. The project represents a significant expansion of the current 300 TPD pilot plant operation, with plans to double capacity to 600 TPD in stages.

The first expansion phase includes adding a flotation circuit with a regrind mill for processing flotation concentrate to approximately P80 20 microns before feeding the pre-treatment and CIL circuits. According to metallurgical testing conducted by Lion One's lab in Fiji, this addition is expected to increase gold recoveries from the current 80-83% to over 90%.

The company has completed engineering of concrete foundations and begun construction preparation. Steel and flotation plant equipment orders have been placed, with construction scheduled for completion in Q4 CY2025.

Lion One Metals reported record financial results for Q4 CY2024 at its Tuvatu Gold Mine in Fiji, achieving mine operating income of C$6.3M - a 312% increase from the previous quarter. The company posted record gold revenue of C$18M with 4,741 oz sold and reduced cost of sales to C$2,465 per oz.

Operational highlights include: 31,044 tonnes of high-grade material mined (56% from outside current Mineral Resource Estimate), 29,525 tonnes processed with 5.5 g/t average gold grade and 82.5% recovery rate. The company is operating at 300 TPD with planned expansion to 600-700 TPD in 2026.

Additionally, Lion One's internal assay laboratory received ISO 17025 accreditation, becoming Fiji's only mining accredited lab. The facility can process over 10,000 samples monthly and provides rapid turnaround times for drill and mill assay results.

Lion One Metals has reported significant high-grade gold results from 1,757.8 meters of near-mine expansion drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling focused on the SKL lodes in Zone 5, yielding multiple bonanza-grade gold assays including 502.50 g/t, 118.20 g/t, 85.50 g/t, and 76.50 g/t gold over narrow widths.

Key highlights include:

• 85.54 g/t Au over 3.0m from surface
• 23.59 g/t Au over 2.4m
• 21.10 g/t Au over 2.4m

The company also announced a leadership transition, with founder Walter Berukoff moving to Chairman and President role, while accomplished mining engineer Ian Berzins joins as new CEO. The SKL lodes, located near underground workings and within 110m of surface, represent a prime target for addition to the Tuvatu mine plan given their high-grade results and proximity to infrastructure.

Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) has received approval from the TSX Venture Exchange for listing 25,367,647 share purchase warrants. These warrants were issued on February 14, 2025, as part of a public offering conducted through an underwriting agreement with Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp.

Each warrant can be exercised to acquire one common share at C$0.41 per share until February 10, 2028. The warrants are scheduled to begin trading on the TSXV on February 26, 2025, under the ticker symbol LIO.WT.A.