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The latest announcement is out from PowerStone Metals Corp. ( (TSE:LIBR) ).
Libra Energy Materials Inc. has begun mobilizing for its maiden drill program at the 100%-owned Stimson lithium-cesium project in Ontario’s Case Lake district, targeting a historical drill hole that logged several intervals of possible spodumene along the fertile Quetico-Abitibi subprovince boundary. The program aims to quickly and cost-effectively determine whether Stimson hosts a lithium-bearing pegmatite system similar to nearby deposits, while also assessing cesium potential, and the company has concurrently granted 250,000 stock options to consultants as part of its ongoing corporate and exploration strategy.
More about PowerStone Metals Corp.
Libra Energy Materials Inc. is a Canadian mineral exploration company focused on discovering and developing critical minerals for the green energy transition. Its portfolio includes multiple lithium, graphite and cobalt projects across Ontario, Quebec and Brazil, with several Ontario assets being advanced under a CAD $33 million earn-in agreement with KoBold Metals. The company is led by a team of experienced mining, engineering, finance and geoscience professionals with a stated emphasis on First Nations engagement.
Average Trading Volume: 89,825
Technical Sentiment Signal: Buy
Current Market Cap: C$11.06M
See more insights into LIBR stock on TipRanks’ Stock Analysis page.