Lion One Metals Stock Price, News & Analysis

Lion One Metals (LOMLF) has reported significant high-grade gold results from Zone 5 infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. Notable drill results include exceptional bonanza grades of 1517.79 g/t Au over 0.3m and 513.50 g/t Au over 0.3m, among other high-grade intersections.

The drilling targeted the near-surface portions of the UR2 and URW3 lodes, focusing on areas above and below current underground developments. The program covered a 320m strike length, with both lodes remaining open along strike and at depth. Grade control drilling is being conducted on 10m centers from three underground locations to enhance the mine model and inform stope design for upcoming mining operations.

Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) held its annual and special general meeting on December 12, 2024. Shareholders approved key resolutions including: the re-election of three directors - Walter Berukoff, Richard Meli, and Kevin Puil; the Company's Omnibus Equity Incentive Compensation Plan as outlined in the October 29, 2024 management information circular; and the re-appointment of Davidson & Company LLP as the company's auditor for the upcoming fiscal year.

Lion One Metals reports Q1 FY2025 financial results with record revenue of CAD$10.47M and mine operating income of CAD$1.53M. The company sold 3,129 oz of gold at an average price of CAD$3,332 per oz. Mining operations achieved 32,977 tonnes of mineralized material at 4.83 Au g/t, while the pilot plant processed 31,391 tonnes with a record 3,639 oz of gold recovered. The company has drawn down USD$4M in Tranche 3 from Nebari financing facility to support mine enhancement plans.

Lion One Metals reports intensified roscoelite-targeting efforts at its Tuvatu Gold Mine in Fiji, following the discovery of a new high-grade gold structure. The structure, exposed in near-surface underground workings, has returned 11.6 g/t gold from 861 tonnes of material and extends over 100m. The company announces the return of Sergio Cattalani to lead technical efforts, along with the addition of two ex-Newmont geologists: Ivan Maldonado as Mine Geology Manager and Alexander Valencia as Senior Mine Geologist. The newly discovered structure features abundant roscoelite, characteristic of large alkaline gold deposits, and represents a significant opportunity for expanding the mine's long-term plan.

Lion One Metals has commenced development of a new high-grade near-surface roscoelite zone at its Tuvatu gold mine in Fiji. An initial bulk sample returned 11.6 g/t gold from 861 tonnes of mined material. The roscoelite zone, located 65m below surface, features intersecting flat and sub-vertical banded veins composed of chalcedonic quartz, roscoelite, pyrite, and native gold. This mineral assemblage is similar to that found at the nearby Vatukoula gold mine, which has produced over 7 million ounces of gold, and the Porgera gold mine in PNG, which has produced over 25 million ounces.

Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) reports significant high-grade gold results from near-mine exploration and infill drilling at the West Zone target near the Tuvatu Gold Mine in Fiji. Highlights include:

• 105.20 g/t Au over 2.1 m (TUDDH-636)
• 70.07 g/t Au over 2.1 m (TUDDH-647)
• 102.38 g/t Au over 1.2 m (TUDDH-645)

The company also reports record preliminary Q1 FY2025 gold production at Tuvatu:

• 3,680 oz of gold recovered from July-September 2024
• 31,390 tonnes milled

Production was impacted by a scheduled 9-day mill maintenance shutdown in July and mining equipment breakdowns in August. The West Zone drilling program, consisting of deep exploratory and shallow infill drilling, shows strong potential for high-grade mineralization at depth and near-surface, warranting further exploration and potential inclusion in the Tuvatu mine plan.

Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) announces its removal from the Australian Securities Exchange (ASX) official list, effective August 5, 2024. The delisting follows a voluntary application submitted on June 24, 2024, due to low trading frequency and volumes of CDIs on ASX compared to TSX-V. Only 5.89% of the company's total issued share capital is held on the Australian CDI register as of July 31, 2024.

Post-delisting, Lion One's shares will continue trading on TSX-V (LIO) and OTCQX (LOMLF). CDIs will be automatically converted to TSX-V listed shares on a 1:1 basis, registered in book-entry form (DRS) on the Canadian share register. Shareholders will need to make arrangements with a Canadian broker to trade shares on TSX-V.

Lion One Metals (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) has announced a non-brokered private placement of up to 5,405,405 units at $0.37 per unit, aiming to raise up to $2 million. Each unit includes one common share and one warrant, exercisable at $0.50 per share within 36 months. This Sidecar Private Placement complements the previously announced $10 million LIFE Offering, bringing the total expected gross proceeds to $11,999,999.80. The funds will be used for working capital and general corporate purposes. The placement may involve company directors and management, constituting a related party transaction but exempt from certain requirements due to its size relative to the company's market capitalization.

Lion One Metals has reported significant improvements in its Q2 2024 gold production at the Tuvatu Gold Mine in Fiji, achieving a production of 3,551 oz, up from 1,394 oz in Q1 2024.

This boost is driven by mechanized production and increased mill throughput, processing 32,100 tonnes of material in Q2 2024 compared to 20,751 tonnes in Q1 2024.

The company aims to double plant capacity from 300 TPD to 600-700 TPD, advancing towards the ultra-high-grade Zone 500. CEO Walter Berukoff highlighted the milestone in full capacity operations and the positive outlook ahead.

Additionally, David Tretbar has resigned from the Board of Directors due to increased responsibilities at San Cristobal Mining. His tenure included key developments like the discovery of Zone 500 and the commissioning of the Tuvatu processing plant.