Welcome to our dedicated page for Lion One Metals news (Ticker: LOMLF), a resource for investors and traders seeking the latest updates and insights on Lion One Metals stock.
Lion One Metals Limited (LOMLF) is a Canadian gold producer advancing its 100%-owned Tuvatu Alkaline Gold Project in Fiji's mineral-rich Navilawa Caldera. This page serves as the definitive source for official company announcements, operational updates, and technical disclosures related to its underground mining activities and resource expansion efforts.
Investors and industry observers will find timely updates on key developments including exploration drilling results, mill capacity expansions, and NI43-101 compliant resource estimates. The company's integrated operations – spanning from advanced soil sampling programs to in-house gold assay verification – are documented through verified press releases and regulatory filings.
Content highlights include progress reports on Tuvatu's modular processing plant optimization, infrastructure upgrades supporting production scaling, and geochemical analyses from the company's accredited laboratory. All materials adhere to strict quality assurance protocols, ensuring stakeholders receive accurate operational and financial disclosures.
Bookmark this page for direct access to Lion One Metals' latest corporate communications, including strategic initiatives impacting gold recovery rates and long-term resource development in one of Fiji's most prospective gold districts.
Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) has successfully closed its previously announced underwritten offering by issuing 25,367,647 units at $0.34 per unit, raising gross proceeds of $8,625,000. The company also completed a concurrent non-brokered private placement of 6,431,114 units, generating additional proceeds of $2,186,578.76.
Each unit consists of one common share and one warrant exercisable at C$0.41 for 36 months. The total aggregate offering of 31,798,761 units raised $10,811,578.74. The company paid underwriting commissions of $603,750 and issued 1,775,735 broker warrants for the main offering, plus additional finder's fees for the private placement.
The proceeds will fund mining and mill equipment and exploration activities at the Tuvatu Gold project in Fiji, along with general corporate expenses.
Lion One Metals (LOMLF) has reported significant high-grade gold results from 3,791.3 metres of underground grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling program, focused on Zone 2's URW and Murau lode systems, revealed multiple bonanza-grade gold assays, including notable intersections of 25.45 g/t gold over 6.7m and 26.89 g/t gold over 4.7m.
The drilling targeted two separate mineralized systems: the URW system's downdip extension below the 1101 level and the Murau system below the 1095 level. Both programs successfully intersected high-grade mineralization, indicating vertical extension below current mining levels. These results are expected to be incorporated into the mine plan within the next six to twelve months, with the headline intersect of 6.7m of 25.45 g/t gold located just 10m below current mining activities.
Lion One Metals reported record quarterly gold sales and production from its Tuvatu Gold Mine in Fiji for Q4 CY2024. The company sold 4,741 oz of gold and 841 oz of silver, generating total revenue of C$17,993,020, a 72% increase from the previous quarter's C$10,470,518.
Gold production reached 4,300 oz, an 18% increase from Q3's 3,638 oz. The average sale price was C$3,787 per ounce. The mine processed 29,525 tonnes with improved gold grades of 5.49 g/t and recovery rates of 82.50%. 2024 marked Tuvatu's first year of production, with consistent quarterly improvements since Q1 plant commissioning.
The company currently operates a 300 tpd pilot plant and plans to expand to 600 tpd in 2026.
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.
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