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Libra Energy Materials Inc. reports on critical-minerals exploration across lithium, graphite and cobalt project portfolios in Canada and Brazil. The company’s recurring updates cover Ontario and Quebec lithium properties, including Flanders North, Flanders South and SBC under an earn-in arrangement with KoBold Metals, as well as 100%-owned assets such as Wegucci, Nemiscau and Stimson.
PWMCF news also includes public-market access and capital-structure developments, including OTCQB trading of the company’s common shares, governance matters, exploration program updates, property acquisitions, technical disclosures under Canadian mineral-project standards and investor conference participation.
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.
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