Libra and Kobold Launch 2025 Exploration Program
Libra Energy Materials (CSE: LIBR) has launched its 2025 exploration program in partnership with KoBold Metals for its lithium projects near Thunder Bay, Ontario. This initiative is part of a CAD$33 million earn-in agreement where KoBold can acquire up to 75% interest over six years.
The program focuses on three projects: Flanders North, Flanders South, and Soules Bay-Caron (SBC). Previous exploration at Flanders yielded the Homer spodumene discovery with pegmatite outcrops up to 35 metres wide and samples reaching 2.86% Li₂O. The SBC project demonstrated impressive results in 2024 with 18 spodumene-bearing outcrops and assays up to 6.64% Li₂O.
KoBold, backed by Bill Gates and Jeff Bezos, will employ its AI-powered exploration technology, including the proprietary HyperPod drone-based geophysical system. Libra's geologists will receive CAD$35,000 monthly for their involvement as exploration contractors.
Libra Energy Materials (CSE: LIBR) ha avviato il suo programma di esplorazione per il 2025 in collaborazione con KoBold Metals per i suoi progetti di litio vicino a Thunder Bay, Ontario. Questa iniziativa fa parte di un accordo di acquisizione del 75% per 33 milioni di CAD che consentirà a KoBold di acquisire fino al 75% della partecipazione in sei anni.
Il programma si concentra su tre progetti: Flanders North, Flanders South e Soules Bay-Caron (SBC). Le esplorazioni precedenti a Flanders hanno portato alla scoperta di Homer spodumene con affioramenti di pegmatite fino a 35 metri di larghezza e campioni con contenuto fino al 2,86% di Li₂O. Il progetto SBC ha mostrato risultati impressionanti nel 2024 con 18 affioramenti contenenti spodumene e analisi con valori fino al 6,64% di Li₂O.
KoBold, sostenuta da Bill Gates e Jeff Bezos, utilizzerà la sua tecnologia di esplorazione basata sull'intelligenza artificiale, incluso il sistema geofisico proprietario HyperPod basato su droni. I geologi di Libra riceveranno 35.000 CAD mensili per il loro coinvolgimento come appaltatori di esplorazione.
Libra Energy Materials (CSE: LIBR) ha lanzado su programa de exploración para 2025 en asociación con KoBold Metals para sus proyectos de litio cerca de Thunder Bay, Ontario. Esta iniciativa forma parte de un acuerdo de adquisición por CAD$33 millones mediante el cual KoBold puede adquirir hasta un 75% de participación en seis años.
El programa se centra en tres proyectos: Flanders North, Flanders South y Soules Bay-Caron (SBC). Las exploraciones previas en Flanders dieron lugar al descubrimiento de Homer spodumene con afloramientos de pegmatita de hasta 35 metros de ancho y muestras con hasta 2.86% de Li₂O. El proyecto SBC mostró resultados impresionantes en 2024 con 18 afloramientos con spodumene y ensayos de hasta 6.64% de Li₂O.
KoBold, respaldada por Bill Gates y Jeff Bezos, empleará su tecnología de exploración impulsada por IA, incluyendo el sistema geofísico HyperPod basado en drones. Los geólogos de Libra recibirán 35,000 CAD mensuales por su participación como contratistas de exploración.
Libra Energy Materials (CSE: LIBR)는 온타리오주 썬더베이 인근 리튬 프로젝트를 위해 KoBold Metals와 협력하여 2025년 탐사 프로그램을 시작했습니다. 이 프로젝트는 KoBold가 6년 동안 최대 75% 지분을 취득할 수 있는 3,300만 캐나다 달러 규모의 인수 계약의 일환입니다.
탐사 프로그램은 Flanders North, Flanders South, Soules Bay-Caron(SBC) 세 개 프로젝트에 집중됩니다. 이전 Flanders 탐사에서는 폭 35미터에 달하는 페그마타이트 노출과 2.86% Li₂O 함량 샘플이 발견된 Homer spodumene 광상이 확인되었습니다. SBC 프로젝트는 2024년에 18개의 spodumene 함유 노출지와 최대 6.64% Li₂O 분석 결과로 뛰어난 성과를 보였습니다.
Bill Gates와 Jeff Bezos가 후원하는 KoBold는 독자적인 HyperPod 드론 기반 지구물리학 시스템을 포함한 AI 기반 탐사 기술을 활용할 예정입니다. Libra의 지질학자들은 탐사 계약자로서 월 35,000 캐나다 달러를 받게 됩니다.
Libra Energy Materials (CSE : LIBR) a lancé son programme d'exploration 2025 en partenariat avec KoBold Metals pour ses projets de lithium près de Thunder Bay, en Ontario. Cette initiative fait partie d'un accord d'acquisition de 33 millions de dollars canadiens permettant à KoBold d'acquérir jusqu'à 75 % des intérêts sur six ans.
Le programme se concentre sur trois projets : Flanders North, Flanders South et Soules Bay-Caron (SBC). Les explorations précédentes à Flanders ont conduit à la découverte du gisement Homer spodumène avec des affleurements de pegmatite allant jusqu'à 35 mètres de large et des échantillons atteignant 2,86 % de Li₂O. Le projet SBC a montré des résultats impressionnants en 2024 avec 18 affleurements contenant du spodumène et des analyses jusqu'à 6,64 % de Li₂O.
KoBold, soutenu par Bill Gates et Jeff Bezos, utilisera sa technologie d'exploration alimentée par l'IA, y compris le système géophysique propriétaire HyperPod basé sur des drones. Les géologues de Libra recevront 35 000 CAD par mois pour leur participation en tant que contractants d'exploration.
Libra Energy Materials (CSE: LIBR) hat sein Erkundungsprogramm für 2025 in Partnerschaft mit KoBold Metals für seine Lithiumprojekte in der Nähe von Thunder Bay, Ontario, gestartet. Diese Initiative ist Teil einer 33 Millionen CAD umfassenden Erwerbsvereinbarung, bei der KoBold über sechs Jahre bis zu 75% Anteile erwerben kann.
Das Programm konzentriert sich auf drei Projekte: Flanders North, Flanders South und Soules Bay-Caron (SBC). Frühere Erkundungen in Flanders führten zur Entdeckung der Homer-Spodumen-Lagerstätte mit Pegmatitaufschlüssen von bis zu 35 Metern Breite und Proben mit bis zu 2,86% Li₂O. Das SBC-Projekt zeigte 2024 beeindruckende Ergebnisse mit 18 spodumenhaltigen Aufschlüssen und Analysen von bis zu 6,64% Li₂O.
KoBold, unterstützt von Bill Gates und Jeff Bezos, wird seine KI-gestützte Erkundungstechnologie einsetzen, einschließlich des proprietären HyperPod-Drohnen-geophysikalischen Systems. Die Geologen von Libra erhalten monatlich 35.000 CAD für ihre Tätigkeit als Erkundungsauftragnehmer.
- Strategic partnership with KoBold Metals providing CAD$33 million in exploration funding
- High-grade lithium discoveries with samples up to 6.64% Li₂O at SBC project
- Significant pegmatite outcrops up to 35 metres wide at Homer discovery
- Monthly revenue stream of CAD$35,000 from exploration contracting
- Access to KoBold's advanced AI and machine learning exploration technology
- Potential dilution of ownership to 25% after KoBold's earn-in completion
- Early-stage exploration with no defined mineral resources yet
Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Libra Energy Materials Inc. (CSE: LIBR) (FSE: W0R0) ("Libra" or the "Company") is pleased to announce the commencement of the 2025 exploration field program in collaboration with KoBold Metals Company ("KoBold") on its Flanders North, Flanders South, and Soules Bay-Caron ("SBC") lithium projects near Thunder Bay, Ontario, Canada (collectively, the "Kobra Projects"). The launch of the field program marks the next step of a KoBold-funded CAD
Figure 1: Regional map showing Libra's project locations near Thunder Bay, Ontario, and James Bay, Quebec
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9331/259291_e40770db14e96aad_001full.jpg
"We are thrilled to launch the 2025 exploration season with KoBold, building on the high-grade lithium discoveries made to date at the SBC and Flanders North and South projects. With KoBold's exploration teams, funding, and technologically driven innovation, coupled with our geologists' hands-on involvement, we look forward to uncovering new sources of lithium to drive the green energy transition and creating lasting value for our stakeholders" said Koby Kushner, CEO of Libra.
High-Potential Targets at Flanders North and Flanders South
Fieldwork at the Flanders North and South projects, located near Atikokan, Ontario, commenced in June 2025, with initial findings expected in the coming weeks. These grassroots lithium exploration projects were the focus of Libra's work in 2023 and saw only minimal follow-up in 2024. The 2023 field season culminated in the discovery of the Homer spodumene discovery, with pegmatite outcrops up to 35 metres wide and grab samples assaying up to
Figure 2: Map over Flanders North and Flanders South, detailing the Homer spodumene discovery
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9331/259291_e40770db14e96aad_002full.jpg
Building on Award-Winning Success at SBC
In Summer 2024, Libra's exploration team discovered a significant pegmatite field at the SBC project, located near Pickle Lake, Ontario, identifying 18 spodumene-bearing outcrops with pegmatites up to 30 meters wide, assays reaching
Figure 3: Map over SBC project, showing spodumene discoveries to date
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9331/259291_e40770db14e96aad_003full.jpg
KoBold Earn-In Agreement
The earn-in agreement with KoBold, a global leader in pioneering AI-powered mineral exploration backed by investors such as Bill Gates and Jeff Bezos, positions Libra at the forefront of Canadian lithium exploration. KoBold's right to invest up to CAD
Commitment to Sustainable Exploration
Libra and KoBold are dedicated to responsible exploration, with ongoing archeological studies and First Nations consultations to ensure culturally sensitive and sustainable development. The 2025 program will adhere to the highest environmental and safety standards, minimizing impact while maximizing discovery potential.
Qualified Person and Third-Party Data
The scientific and technical information in this news release has been reviewed and approved by Ben Kuzmich, P.Geo., VP Exploration of Libra. Ben Kuzmich is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Libra Energy Materials Inc.
Libra (CSE: LIBR) 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
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing general disclosure is not exhaustive nor should it be construed as such. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259291
FAQ
What is the value of KoBold Metals' earn-in agreement with Libra Energy Materials (PWMCF)?
What were the lithium discovery results at Libra's SBC project in 2024?
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What were the results from Libra's Homer spodumene discovery at Flanders?
Which technology is KoBold using for Libra's lithium exploration program?
