Libra acquires Stimson project for shares

Mr. Koby Kushner reports LIBRA ACQUIRES DRILL-READY STIMSON PROJECT IN CASE LAKE LITHIUM-CESIUM DISTRICT Libra Energy Materials Inc. has acquired a 100-per-cent undivided interest in the Stimson project, located within the Case Lake lithium-cesium district in Ontario, pursuant to an asset purchase agreement dated Aug. 21, 2025. "With a low acquisition cost, we are executing our strategy of consolidating the lithium space through bottom-market M&A. The drill-ready Stimson project is strategically located along the same geological subprovince boundary that hosts Power Metals' nearby Case Lake lithium-cesium project -- one of the largest cesium resources globally. Historical drilling at Stimson noted at least three intervals of possible spodumene, the largest of which was approximately 40 m of logged granitic complex. In addition to its prospectivity, the project benefits from excellent infrastructure access, with existing roads and proximity to rail," said Koby Kushner, chief executive officer of Libra. "With lithium prices starting to break out, we are consolidating the lithium space at an opportune time, and we are eager to announce further accretive acquisitions." Geology overview The Stimpson project is strategically located along strike of Power Metals' Case Lake lithium-cesium-tantalum deposit, straddling the same boundary between the Quetico and Abitibi subprovinces. Importantly, a historical drill log at Stimpson noted three intervals, the largest being 39.8 m (60.0 to 99.8 m) logged as a granitic complex, an unknown portion of which was pegmatite containing possible spodumene in DDH PT94-11 (OGS assessment record 42H02SE0010). This historical result provides evidence of a potential lithium-bearing pegmatite system on the Stimpson project that Libra plans to test through future drilling. Although Libra is primarily targeting spodumene, the key lithium-bearing mineral found in LCT pegmatites, the company will also evaluate the potential for pollucite, which is the main cesium-bearing mineral in LCT pegmatites. The company notes that while mineralization on nearby or adjacent projects is not necessarily indicative of mineralization at Stimson, the Quetico-Abitibi subprovince boundary is proved to be fertile for hosting both pollucite and spodumene. Terms of the agreement Under the terms of the agreement, Libra will acquire a 100-per-cent undivided interest in the project from Last Resort Resources Ltd. and Bounty Gold Corp. for a total purchase price of $50,000, payable through the issuance of Libra common shares based on the five-day volume-weighted average price prior to issuance. The vendors have the option to defer receipt of the payment of the shares for up to one year from the date of the agreement. Additional consideration to the vendors includes: Bonus shares: Libra will issue additional shares to the sellers based on drilling results within three years from the commencement of initial drilling, as follows: $100,000 payable in shares if drill results yield at least 20 metres grading greater than 1 per cent Li2O; $250,000 payable in shares if drill results yield at least five metres grading greater than 3 per cent Cs2O. Net smelter return royalty: Upon commencement of commercial production, Libra will pay a 2-per-cent net smelter return royalty to the vendors, with an option to repurchase half of the royalty for $250,000. The entering into of the agreement by Libra represents an arm's-length transaction, and there were no finders' fees payable. Qualified person and third party data The scientific and technical information in this news release has been reviewed and approved by Benjamin Kuzmich, PGeo, vice-president, exploration, of Libra. Mr. Kuzmich is a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). About Libra Energy Materials Inc. Libra is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. Libra's Flanders North, Flanders South and SBC projects in Ontario are being explored under a $33-million earn-in deal with KoBold Metals Company. In addition, Libra has 100-per-cent ownership over its Toivo and Stimson projects in Ontario, and its Nemiscau and Wegucci projects in Quebec, Canada. The Libra team comprises a mix of seasoned executives, engineers and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy, and first nations engagement. We seek Safe Harbor.