Libra and KoBold Reach Initial Exploration Spend Milestone at Kobra Projects
Libra Energy Materials (CSE: LIBR) announced that KoBold Exploration has achieved its initial CAD$750,000 Minimum Expenditure Commitment under their Earn-In Agreement for the Kobra Projects. The agreement allows KoBold to earn up to 75% interest in Libra's lithium projects by investing CAD$33 million in exploration.
Under the agreement terms, KoBold can earn 51% interest by investing CAD$11 million within three years, and 75% interest with a total investment of CAD$33 million within six years. The 2025 exploration program combines KoBold's AI and machine learning technologies with Libra's exploration expertise, with ongoing data analysis to identify high-priority targets.
Libra Energy Materials (CSE: LIBR) ha comunicato che KoBold Exploration ha rispettato il primo impegno minimo di spesa di CAD$750.000 previsto dall'accordo di earn-in per i progetti Kobra. L'intesa permette a KoBold di acquisire fino al 75% di partecipazione nei progetti litio di Libra investendo complessivamente CAD$33 milioni in esplorazione.
Secondo i termini, KoBold può ottenere il 51% di partecipazione investendo CAD$11 milioni entro tre anni, e salire al 75% di partecipazione con un investimento totale di CAD$33 milioni entro sei anni. Il programma di esplorazione 2025 combina le tecnologie di intelligenza artificiale e machine learning di KoBold con l'esperienza esplorativa di Libra, con analisi dati continue per individuare obiettivi ad alta priorità.
Libra Energy Materials (CSE: LIBR) anunció que KoBold Exploration ha cumplido su compromiso mínimo inicial de gasto de CAD$750.000 según el acuerdo de earn-in para los Proyectos Kobra. El acuerdo permite a KoBold llegar a tener hasta un 75% de participación en los proyectos de litio de Libra mediante una inversión total de CAD$33 millones en exploración.
De acuerdo con los términos, KoBold puede obtener un 51% de participación invirtiendo CAD$11 millones en un plazo de tres años, y alcanzar el 75% de participación con una inversión acumulada de CAD$33 millones en seis años. El programa de exploración 2025 combina las tecnologías de IA y machine learning de KoBold con la experiencia exploratoria de Libra, realizando análisis de datos continuos para identificar objetivos de alta prioridad.
Libra Energy Materials (CSE: LIBR)는 KoBold Exploration이 Kobra 프로젝트에 대한 인언(earn-in) 계약의 초기 CAD$750,000 최소 지출 약정을 충족했다고 발표했습니다. 이 계약에 따라 KoBold는 탐사에 총 CAD$33백만을 투자해 Libra의 리튬 프로젝트 지분을 최대 75%까지 획득할 수 있습니다.
계약 조건에 따르면 KoBold는 3년 내에 CAD$11백만을 투자하면 51% 지분을 취득할 수 있고, 6년 내 누적 CAD$33백만 투자를 통해 75% 지분을 확보할 수 있습니다. 2025년 탐사 프로그램은 KoBold의 인공지능·머신러닝 기술과 Libra의 탐사 전문성을 결합해 지속적인 데이터 분석으로 우선순위 높은 표적을 식별합니다.
Libra Energy Materials (CSE: LIBR) a annoncé que KoBold Exploration a respecté son engagement minimum de dépenses initial de CAD$750,000 dans le cadre de l'accord d'earn-in pour les projets Kobra. L'accord permet à KoBold d'acquérir jusqu'à 75% de participation dans les projets lithium de Libra en investissant au total CAD$33 millions en exploration.
Selon les termes, KoBold peut obtenir 51% de participation en investissant CAD$11 millions sur trois ans, puis atteindre 75% de participation avec un investissement cumulé de CAD$33 millions sur six ans. Le programme d'exploration 2025 associe les technologies d'IA et de machine learning de KoBold à l'expertise exploratoire de Libra, avec des analyses de données continues pour identifier des cibles à haute priorité.
Libra Energy Materials (CSE: LIBR) gab bekannt, dass KoBold Exploration seine anfängliche Mindest-Ausgabeverpflichtung von CAD$750.000 im Rahmen des Earn-In-Abkommens für die Kobra-Projekte erfüllt hat. Das Abkommen ermöglicht KoBold, durch Explorationseinzahlungen von insgesamt CAD$33 Millionen bis zu eine 75% Beteiligung an Libras Lithiumprojekten zu erwerben.
Nach den Vertragsbedingungen kann KoBold durch Investitionen von CAD$11 Millionen innerhalb von drei Jahren eine 51% Beteiligung erwerben und mit einer Gesamtinvestition von CAD$33 Millionen innerhalb von sechs Jahren auf 75% Beteiligung aufstocken. Das Explorationsprogramm 2025 kombiniert KoBolds KI- und Machine-Learning-Technologien mit Libras Explorationserfahrung und nutzt fortlaufende Datenanalysen zur Identifizierung vorrangiger Ziele.
- KoBold has successfully met the initial CAD$750,000 exploration commitment
- Potential for significant investment up to CAD$33 million in exploration funding
- New lithium occurrences identified across the Kobra Projects
- Integration of AI and machine learning technologies in exploration program
- Potential significant dilution of Libra's ownership interest up to 75% in the projects
- Results from data analysis still pending and uncertain
Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - Libra Energy Materials Inc. (CSE: LIBR) (FSE: W0R0) ("Libra" or the "Company") is excited to announce that KoBold Exploration Canada Inc. ("KoBold") has formally notified Libra of meeting the initial CAD
Figure 1: Photograph from 2025 exploration program, showing spodumene (lithium mineralization).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9331/263003_5ab3fb9294887be4_001full.jpg
Under the EIA, KoBold's CAD
"We are pleased with the work done to date by KoBold," said Koby Kushner, CEO of Libra Energy Materials. "The crews have continued to identify new lithium occurrences across the Kobra Projects, and we're excited to support KoBold on as they advance toward the next phase, unlocking value for all parties involved."
The 2025 exploration program, as noted previously (see press release dated July 21, 2025), leverages KoBold's artificial intelligence and machine learning technologies and Libra's proven exploration expertise. Data analysis is ongoing, with results expected to refine high-priority targets across the projects.
About Libra Energy Materials Inc.
Libra (CSE: LIBR) (FSE: W0R0) is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. Libra's Flanders North, Flanders South, and SBC projects in Ontario are being explored under a CAD
About KoBold Metals Company
KoBold Metals Company is a US-based exploration and mining company that combines expertise in geosciences with artificial intelligence, machine learning, and data science to improve and accelerate the exploration process in search for the critical minerals necessary for the global energy transition.
For more information, please contact the Company at:
Koby Kushner, P.Eng., CFA
Chief Executive Officer, Libra Energy Materials Inc.
e: kkushner@libraenergymaterials.com
t: 416-846-6164
Forward-Looking Information
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FAQ
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