Libra Energy Materials Secures Ontario Grant to Advance Critical Minerals Exploration

PowerStone Metals Corp. ( (TSE:LIBR) ) has shared an announcement.

Libra Energy Materials Inc., a Canadian mineral exploration company focused on critical minerals for the green transition, is advancing multiple lithium, graphite, and cobalt projects across Canada and Brazil, supported by a technically experienced team with strong capital markets and First Nations engagement expertise. Its Ontario Flanders North, Flanders South, and SBC projects are being explored under a substantial earn-in agreement with KoBold Metals, highlighting growing interest in its portfolio.

The company has secured a CAD $200,000 non-dilutive grant from the Ontario government’s Junior Exploration Program to help fund grassroots exploration in its 2026 field season. The award underscores provincial support for junior explorers developing critical mineral resources in Ontario, bolstering Libra’s ability to advance its projects while preserving its capital structure and reinforcing the province’s strategy to build a domestic, secure critical minerals supply chain.

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, including lithium, graphite, and cobalt. The company holds projects in Ontario and Quebec, as well as an extensive portfolio of lithium, graphite, and cobalt projects in Brazil, and operates under partnerships such as a CAD $33 million earn-in deal with KoBold Metals Company for its key Ontario assets.

Average Trading Volume: 80,329

Technical Sentiment Signal: Buy

Current Market Cap: C$10.45M

For a thorough assessment of LIBR stock, go to TipRanks’ Stock Analysis page.