Libra Mobilizes for Maiden Drill Program at Stimson Lithium-Cesium Project

Executive Summary

• Libra Energy Materials Inc. announced the mobilization of its maiden drill program at the newly‑acquired 100 % owned Stimson Project in Ontario’s Case Lake Lithium‑Cesium District.
• The initial scout hole will test a historic unassayed interval that previously returned three possible spodumene zones, including a 39.8 m granitic complex with potential pegmatite mineralization.
• The company also issued 250,000 incentive stock options at $0.18 per share to consultants, vesting over one year and expiring five years from grant.

Key Details

• Project Mobilization: First‑ever drill campaign at Stimson scheduled to commence shortly; aims to evaluate spodumene (primary lithium‑bearing mineral) and pollucite (cesium‑bearing).
• Historical Target: Historic DDH PT94-11 drill log reported three intervals, the largest 39.8 m (60.0–99.8 m) within a granitic complex that may contain pegmatite with spodumene.
• Geological Context: Stimson lies on the Quetico‑Abitibi subprovince boundary, adjacent to Power Metals’ Case Lake deposit—an area known for fertile LCT (lithium‑cesium‑tantalum) pegmatites.
• Exploration Plan: Initial scout hole will intersect the historic unassayed zone; subsequent drilling contingent on results and cost‑effectiveness assessment.
• Infrastructure Access: Site benefits from excellent road and power infrastructure, supporting a low‑cost exploration approach.
• Option Issuance: 250,000 incentive stock options granted at an exercise price of $0.18 per common share to selected consultants; one‑year vesting schedule, five‑year expiry, subject to CSE approval.
• Qualified Person: Technical disclosure reviewed and approved by Benjamin Kuzmich, P.Geo., VP Exploration (qualified person under NI 43‑101).

Notable Quotes

“We are ready to kick‑off the new year with our first‑ever drill program at Stimson… With excellent infrastructure access, we expect the drill program to be a cost‑effective way to quickly evaluate whether further work would be warranted at Stimson.” – Koby Kushner, Chief Executive Officer, Libra Energy Materials Inc.