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Lion One Invests in Permanent Evaporation System to Eliminate Water Discharge at Tuvatu Mine

Story Highlights
  • Lion One will invest US$1.14 million in a permanent evaporator system to manage excess process water at its Tuvatu gold mine in Fiji.
  • The new evaporation system creates a closed-loop water circuit, eliminating river discharge, cutting regulatory risk, and strengthening Lion One’s environmental standing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Meet Samuel – Your Personal Investing Prophet

Lion One Metals ( (TSE:LIO) ) just unveiled an update.

Lion One Metals has approved a US$1.14 million investment in a permanent evaporator system to manage excess process water at the tailings storage facility of its Tuvatu gold mine in Fiji. The system, which includes a dedicated generator and optional acoustic silencer, is expected to be operational by late April or early May 2026, aligning with the start of the dry season.

The evaporator will eliminate the need to discharge treated process water into the Sabeto River, addressing elevated total dissolved solids that prevent compliant river discharge and removing associated regulatory uncertainty. By creating a closed-loop water management system, the project strengthens environmental outcomes, reduces timeline and permitting risk, replaces temporary solutions with permanent infrastructure, and bolsters the company’s social licence to operate in the local community.

The most recent analyst rating on (TSE:LIO) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on Lion One Metals stock, see the TSE:LIO Stock Forecast page.

Spark’s Take on LIO Stock

According to Spark, TipRanks’ AI Analyst, LIO is a Neutral.

The score is held back primarily by negative operating/free cash flow and a weak technical setup (price below key moving averages with negative MACD). Offsetting these, the balance sheet is conservatively levered and valuation appears low based on the P/E ratio, while operational profitability is improving but not yet translating into consistent net profits or cash generation.

To see Spark’s full report on LIO stock, click here.

More about Lion One Metals

Lion One Metals is a gold exploration and development company focused on advancing its 100%-owned Tuvatu Alkaline Gold Project in Fiji. The company is progressing the Tuvatu mine toward sustained production while emphasizing operational resilience and adherence to environmental and regulatory standards in its water and tailings management practices.

Average Trading Volume: 974,582

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$100.7M

Learn more about LIO stock on TipRanks’ Stock Analysis page.

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