Libra partner completes initial $750,000 spend at Kobra

Mr. Koby Kushner reports LIBRA AND KOBOLD REACH INITIAL EXPLORATION SPEND MILESTONE AT KOBRA PROJECTS KoBold Exploration Canada Inc. has formally notified Libra Energy Materials Inc. of meeting the initial $750,000 minimum expenditure commitment under the earn-in agreement (EIA) dated Nov. 13, 2024, as amended. This key milestone marks a pivotal step forward in the EIA, whereby KoBold has the option to earn a 75-per-cent interest in Libra's Flanders North, Flanders South and Soules Bay-Caron (SBC) lithium projects (collectively, the Kobra projects), by financing up to $33-million in exploration (see the news release dated Dec. 2, 2024). Under the EIA, KoBold's $750,000 initial expenditure paves the way for earning an initial 51-per-cent interest in the Kobra projects by investing a cumulative $11-million by the three-year anniversary and a 75-per-cent interest by investing a cumulative $33-million by the six-year anniversary. Libra has been actively engaged in field operations alongside KoBold, driving the 2025 exploration program. "We are pleased with the work done to date by KoBold," said Koby Kushner, chief executive officer of Libra Energy Materials. "The crews have continued to identify new lithium occurrences across the Kobra projects and we're excited to support KoBold on as they advance toward the next phase, unlocking value for all parties involved." The 2025 exploration program, as noted previously (see the news release dated July 21, 2025), leverages KoBold's artificial intelligence and machine learning technologies, and Libra's proven exploration expertise. Data analysis is continuing, with results expected to refine high-priority targets across the 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 a 100-per-cent ownership over its Toivo project in Ontario, adjacent to SBC, 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. About KoBold Metals Company KoBold Metals is a United State-based exploration and mining company that combines expertise in geosciences with artificial intelligence, machine learning and data science to improve and accelerate the exploration process in search for the critical minerals necessary for the global energy transition. We seek Safe Harbor.