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 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) reported strong preliminary Q2 2025 results from its Tuvatu Gold Mine in Fiji. The company achieved quarterly revenue of C$16.3 million, representing a 24% increase from the previous quarter and 77% year-over-year growth. The quarter saw record operational metrics, including 96% mill utilization and 33,726 tonnes of throughput.
The company sold 3,577 oz of gold at an average price of C$4,541 per ounce, with gold recovery improving to 84.1% in June. Mine development reached record levels with 1,503m of underground development completed. The completion of the first shrinkage stope, which showed high-grade intervals up to 489.52 g/t Au, positions the company for stronger performance in the upcoming quarter.
Lion One Metals (OTCQX: LOMLF) has announced changes to its Board of Directors. Casey Spreeuw has stepped down from his position for personal reasons, while Tayfun Eldem has been appointed as an Independent Director.
Mr. Eldem brings over 35 years of operations and project development experience in the mining sector. His notable positions include COO at Baffinland Iron Mines (2020-2025), CEO at Alderon Iron Ore Corp. (2011-2015, 2018-2020), and extensive experience at Iron Ore Company of Canada, where he managed a $2.0 billion expansion program. He is currently serving as lead director at Mason Resources.
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.