LION ONE METALS LTD - LOMLF STOCK NEWS

Lion One Metals (TSXV: LIO, OTCQX: LOMLF, ASX: LLO) announced the start of mechanized production at its Tuvatu Gold Project in Fiji. Notable milestones include the first remote bogging on May 16 and first long hole stope blast on May 18, marking the project's transition to production mining. The company reported increased mill operations capacity from 300 TPD to over 400 TPD, due to operational improvements.

Significant new drill results were highlighted, with assays such as 393.01 g/t gold over 1.2 meters and 215.86 g/t gold over 0.6 meters. These results are important for enhancing the mine model and inform stope design, focusing on UR2 and URW3 lodes. The company completed 4930.7 meters of new drilling across 36 holes.

The Tuvatu project’s operational upgrades and high-grade drilling results indicate promising potential for increased gold production, positioning Lion One strategically in the gold mining sector.

Lion One Metals reports high-grade gold results from near-mine expansion drilling at Tuvatu Alkaline Gold Project in Fiji. Significant gold intercepts include 30.48 g/t over 4.8m and 64.46 g/t over 8.1m. The Murau and SKL areas show promising mineralization potential. The Murau system is expanding, with 34 drillholes targeting down-dip extensions. SKL drilling confirms high-grade mineralization, aiming for inclusion in the mine plan by 2025.

Lion One Metals reports significant high-grade gold results from drilling at the Tuvatu Alkaline Gold Project in Fiji. Operations are progressing well with 2,630 meters of drilling completed in Zone 2, and airleg stoping ongoing in Zone 5. The company is also advancing upgrades to the CIL circuit.

Lion One Metals Limited announces the discovery of copper porphyry-style mineralization at the Wailoaloa prospect in Fiji. The drilling intersected multiple zones of extensive copper mineralization, with promising results indicating the potential for a significant copper-gold system.

Lion One Metals Limited provides an update on the ongoing operations at the Tuvatu Alkaline Gold Project in Fiji. Highlights include the commencement of mechanized mining in Zone 2 and airleg mining in Zone 5, with plans for increased stope mining in March and April. The company has commissioned a gravity concentrator and leach reactor, with expectations of increased gold production due to open stope mining and plant commissioning.

Lion One Metals Limited provided an update on its Tuvatu Alkaline Gold Project in Fiji, with significant achievements in 2023. The company completed the processing plant, underground mine development, and core drilling, celebrating the first gold pour in October. Plans for 2024 include expanding the processing plant to 500 TPD and advancing the regional exploration program. Mining activities will focus on developing the underground mine and processing low-grade development material. Mill operations will prioritize maximizing gold recovery from different types of mineralization at Tuvatu. The company also granted stock options to an officer of the company.

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) announces new appointments and retirement of Senior Vice President Exploration, highlighting the addition of key individuals with specialized skill sets and extensive experience in their respective fields.

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) has entered into an agreement to amend certain terms and drawn down a further USD $8 million of its Senior Secured Financing Facility provided by Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP, and Nebari Natural Resources Credit Fund II, LP. The Company has now drawn down a total of USD $31 million out of USD $35 million available in the Financing Facility, facilitating the completion of construction and recent commissioning of the Company's 100% owned Tuvatu Gold Mine operations in Fiji. Concurrently, the Company amended certain reporting covenants under the facility agreement and agreed to re-price the 15,333,087 warrants issued at a price of CAD $1.49 to CAD $1.15 with the expiry date extended from August 9, 2026 to February 9, 2027. Interest on the first USD $23 million drawn in Tranche 1 of the Facility is 8% (plus three-month SOFR), and amortization is on the Maturity Date 42 months from the original closing date, with no closing fees payable. Tranches 2 (and 3) funding is subject to an 8% original issue discount and interest is 10% plus SOFR, with progressive amortization over 42 months from the Tranche 2 funding date, with closing fees equal to 2% of the amounts funded.

Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) announced the results of the Company's annual and special general meeting of shareholders held on December 14, 2023. The number of directors was set at four with the re-election of Walter Berukoff, Richard Meli, Kevin Puil, and David Tretbar. Shareholders also approved the Company's Omnibus Equity Incentive Compensation Plan and the re-appointment of Davidson & Company LLP as the auditor for the ensuing fiscal year.