Lion One Metals Limited reports operational, technical, governance and financing developments tied to its 100%-owned Tuvatu Gold Mine and Tuvatu Alkaline Gold Project in Fiji. Company updates commonly address production ramp-up work, flotation plant commissioning, underground development, mining-method selection, drilling and sampling controls, equipment availability, site power reliability and water-management systems.
News also covers corporate matters such as leadership changes, special committee activity, shareholder meeting requests, private-placement financing, strategic partnership decisions and senior debt considerations. Environmental and regulatory themes include tailings storage water management, process-water discharge risk and permitting-related operating constraints at Tuvatu.
Lion One Metals (OTCQX: LOMLF) received conditional TSXV approval for a non-brokered private placement with Arete Capital, with closing anticipated March 27, 2026.
Arete subscribed for 44,264,800 units at C$0.34 for gross proceeds of C$15,050,032; each unit includes one share and one warrant exercisable at C$0.39 for three years. Proceeds are designated for Tuvatu Project throughput, flotation, underground development and working capital ahead of senior debt maturing August 2026.
Lion One (OTCQX: LOMLF) approved a US$1.14 million investment to procure and install an evaporator system at the 100%‑owned Tuvatu gold project in Fiji.
The evaporator will permanently eliminate river discharge risk, is funded, and is expected to be operational by late April–early May 2026.
Lion One Metals (OTCQX: LOMLF) reports a major upgrade to drilling at the Tuvatu gold mine (16 March 2026). One new surface EDR450 rig is on site and the company is finalizing acquisition of four high-performance underground-capable rigs to target 25+ metres per rig shift, up from <10 m baseline. Spare parts on consignment and one convertible diesel rig will support flexibility and uptime. Current fleet improvements have already increased metres per shift to 12–18 m.
Lion One (OTCQX: LOMLF) provided a CEO update and Tuvatu operations summary for February 2026. Key metrics: February gold poured 813 oz (net 804 oz), YTD 9,180 oz, mill processed 10,267 t at 3.49 g/t with 77.3% recovery. Underground development was 120 m vs target 188 m. Drilling totaled 2,369 m with a highlight intercept of 5.15 m @ 9.18 g/t. Flotation plant commissioning near completion A$400,000 under budget; TSF Stage 2A finished Dec 2025 and Stage 2B engineering approved Feb 2026.
Lion One Metals (OTCQX: LOMLF) acknowledged receipt of a shareholder requisition dated March 9, 2026 proposing removal of two directors and election of six nominees.
The company said shareholders need take no action while it reviews the requisition and continues engagement. A separate strategic transaction with Arete Capital Advisors includes a $15 million equity investment and remains subject to TSX Venture Exchange review.
Lion One Metals (OTCQX: LOMLF) appointed Campbell Olsen as Chief Executive Officer and director, updating its board and officers. The company said Mr. Olsen will serve as Arete Capital's board nominee pending completion of Arete's proposed $15 million equity investment, subject to TSXV approval.
The company disclosed a notice of default under its senior secured loan facility effective Jan 31, 2026, and said interest margins increased to the default rate effective Feb 20, 2026 while negotiations with the lender continue.
Couloir Capital initiated research coverage on Lion One Metals (OTCQX: LOMLF) on February 2, 2026, issuing a BUY recommendation titled "High-grade underground producer in ramp-up with district-scale optionality."
Couloir highlights a built, operating high-grade underground gold asset in ramp-up, a staged funded recovery/throughput upgrade path, and potential to convert near-mine and district geological upside into mineable inventory, while emphasizing operational delivery (development meters, stope readiness, throughput, recovery, unit costs) as the primary re-rating driver.
Lion One (OTCQX: LOMLF) announced the appointment of David Anderson to its Board of Directors effective January 21, 2026. Anderson brings over 30 years of capital markets experience, including founding and serving as Vice Chairman of Dundee Securities where he led investment banking from 1998–2016. He has acted as lead advisor on more than 50 going-public transactions and held senior roles at Echelon Partners (2017–2020) and Industrial Alliance (2020–2023).
His background spans M&A, capital raising, syndication, and advisory work across mining, energy, real estate, health care, technology and industrial sectors.
Lion One (OTCQX: LOMLF) announced that Tayfun Eldem resigned from the company's Board of Directors, effective January 6, 2026. The company said Eldem stepped down as an independent director and the board thanked him for his service and contributions.
The announcement was dated January 7, 2026 and included a comment from Chairman and President Walter Berukoff expressing appreciation and best wishes for Eldem's future endeavours.
Lion One Metals (OTCQX: LOMLF) announced that Chief Executive Officer Ian Berzins has departed the company, effective December 31, 2025.
The announcement is a management change with immediate effect; no replacement, interim leader, or additional details were provided in the release.