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An update from PowerStone Metals Corp. ( (TSE:LIBR) ) is now available.
Libra Energy Materials Inc. has acquired a 100% interest in the Stimson project located in the Case Lake lithium-cesium district in Ontario. This acquisition aligns with Libra’s strategy to consolidate the lithium space at a time when lithium prices are rising. The Stimson project is strategically positioned near Power Metals’ Case Lake project, one of the largest cesium resources globally. Historical drilling indicates potential lithium-bearing pegmatite systems, which Libra plans to explore further. The acquisition terms involve issuing Libra common shares to the vendors, with potential bonus shares based on future drilling results and a net smelter return royalty upon commercial production.
More about PowerStone Metals Corp.
Libra Energy Materials Inc. is a Canadian mineral exploration company focused on discovering and developing critical minerals essential for the green energy transition. The company operates several projects in Ontario and Quebec, including the Flanders North, Flanders South, and SBC projects under a CAD$33M earn-in deal with KoBold Metals Company. Libra’s team consists of experienced professionals in mining, mineral exploration, capital markets, asset management, energy, and First Nations engagement.
Average Trading Volume: 84,976
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$14.41M
For detailed information about LIBR stock, go to TipRanks’ Stock Analysis page.