Libra Commences Maiden Exploration Program Across James Bay Lithium District in Quebec

Executive Summary

• Libra Energy Materials has engaged Laurentia Exploration to begin a reconnaissance prospecting program on its newly staked, 100%‑owned Wegucci lithium project in the James Bay region of Quebec.
• The same contractor will also conduct initial fieldwork on Libra’s 100%‑owned Nemiscau lithium project and evaluate unowned nearby targets for possible future acquisition.
• Both projects are situated near major infrastructure (within ~22 km of a road) and adjacent to world‑class lithium deposits such as Rio Tinto’s Whabouchi and Cygnus Metals’ Pontax, enhancing their strategic relevance.

Key Details

• Program Scope: Laurentian Exploration will perform on‑the‑ground reconnaissance, including geological mapping, sampling of identified pegmatite outcrops, and evaluation of additional unowned properties for acquisition potential.
• Wegucci Project: 2,070 ha located in the Lac des Montagnes volcanic‑sedimentary belt; contains mafic volcanic units, biotite‑garnet paragneiss, and a major structural contact believed to control lithium mineralization. No historic lithium work; satellite imagery shows >30 m wide white outcrops interpreted as potential pegmatites.
• Nemiscau Project: 2,454 ha in the Eastmain subprovince, ~18 km south of Cygnus Metals’ Pontax deposit; historically mapped for rose‑pegmatitic granite with pegmatite widths ranging from 10–100 m. Majority of the property remains underexplored.
• Infrastructure Proximity: Both projects lie within approximately 22 km of the nearest road, facilitating future development logistics.
• Qualified Person: Benjamin Kuzmich, P.Geo., VP Exploration (NI 43‑101 qualified) has reviewed and approved all technical information in the release.
• Strategic Context: The prospecting program aligns with Libra’s broader strategy to build a portfolio of lithium projects in Quebec’s James Bay corridor, an area noted for significant lithium discoveries.

Notable Quotes

“This program marks our first time getting boots‑on‑the‑ground in Quebec… We are very excited to test the prospectivity of these projects in due course,” – Koby Kushner, Chief Executive Officer, Libra Energy Materials.