Libra and Kobold Announce Positive Results from 2025 Field Season at Kobra Projects, Ontario; Multiple New Lithium-Bearing Pegmatites Discovered

Executive Summary

• Libra announced the results of its 2025 field program on the Flanders North, Flanders South and SBC lithium projects (the “Kobra Projects”), highlighting discovery of >20 new lithium‑bearing pegmatite outcrops with high‑grade Li₂O, tantalum and tin values.
• KoBold Metals satisfied its CAD $750,000 minimum spend under the six‑year, CAD $33 million earn‑in agreement; Libra received CAD $35,000 per month for contractor services.
• Significant assay results include up to 2.08 % Li₂O and 468 ppm Ta₂O₅ at SBC, plus multiple pegmatites at Flanders South with up to 0.14 % Li₂O, 158 ppm Ta₂O₅, and tin grades exceeding 0.18 % SnO₂.

Key Details

• Program Scope: 2025 summer field season; geophysical (HyperPod, Heli‑GT magnetic), LiDAR, airborne surveys, helicopter‑supported prospecting, and extensive surface sampling.
• New Discoveries – SBC Project
• Two new spodumene‑bearing pegmatites identified.
• Sample grades: 2.08 % Li₂O & 468 ppm Ta₂O₅; 1.03 % Li₂O (additional sample).
• Geochemical work: 74 samples, 274 outcrop examinations; K/Rb ratios as low as 6, indicating strong fractionation.
• New Discoveries – Flanders South
• “Maggie” and “Fat Tony” pegmatites: up to 0.14 % Li₂O & 158 ppm Ta₂O₅; 0.11 % Li₂O & 287 ppm Ta₂O₅ respectively.
• “Barney” pegmatite: up to 0.18 % SnO₂ & 220 ppm Ta₂O₅.
• “Milhouse” pegmatite: up to 0.21 % Li₂O & 240 ppm Ta₂O₅.
• Historic Homer spodumene dyke (previously reported) still shows up to 2.86 % Li₂O.
• Geophysical Survey Coverage
• HyperPod flights: SBC – 3,572 km line‑spacing 520‑580 m; Flanders – 5,234 km line‑spacing 515‑580 m.
• Heli‑GT magnetic survey (SHA Geophysics): 4,094 km at 40 m spacing over SBC.
• Earn‑In Agreement Status
• KoBold met its CAD $750,000 minimum expenditure for 2025; total potential investment up to CAD $33 million for a 75 % interest in the Kobra Projects.
• Libra’s contractor fee: CAD $35,000 per month during the program.
• Quality Control
• Samples assayed by ALS Geochemistry (ISO‑17025 accredited) using sodium peroxide fusion and ICP‑MS; QA/QC included standards, blanks, duplicates (5 standards, 6 blanks).
• Qualified Person
• Ben Kuzmich, M.Sc., P.Geo., VP Exploration, verified all technical data per NI 43‑101.

Notable Quotes

“We have successfully discovered more than twenty lithium‑bearing pegmatite outcrops across the Kobra Projects…high‑grade tantalum and tin…2026 is expected to be our most active year yet.” – Koby Kushner, CEO & Director, Libra Energy Materials Inc.