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Lion One Metals Ltd (TSXV: LIO) (OTCQX: LOMLF) is an emerging Canadian gold producer headquartered in North Vancouver, BC. They operate the 100% owned Tuvatu Alkaline Gold Project in Fiji, which includes high-grade gold deposits and a state-of-the-art mining facility. The company specializes in gold exploration, production, and testing, employing cutting-edge technology to optimize mineral extraction and processing. With a focus on sustainability and efficiency, Lion One Metals is at the forefront of responsible mining practices, aiming to deliver superior results in the global gold market.
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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.
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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.
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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.
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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.
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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.
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Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) reports significant new high-grade gold results from infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The results include bonanza grade gold intercepts such as 1,986.23 g/t, 866.25 g/t, and 135.60 g/t, expanding the near-term mine plan for 2024 and 2025.
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Lion One Metals reports significant new high-grade gold results from drilling at its Tuvatu Alkaline Gold Project in Fiji. Assay results include 90.76 g/t Au over 2.4 m and 18.56 g/t Au over 3.0 m. The drilling program targeted lodes UR1, UR2, and URW3, with mining scheduled in 2024 and 2025.
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Lion One Metals reports significant new high-grade gold results from drilling at its Tuvatu Alkaline Gold Project in Fiji.
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Lion One Metals pours first gold at Tuvatu Alkaline Gold Project in Fiji
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Lion One Metals reports significant high-grade gold results from grade control drilling at Tuvatu Alkaline Gold Project in Fiji
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FAQ
What is the current stock price of LION ONE METALS (LOMLF)?
The current stock price of LION ONE METALS (LOMLF) is $0.2518 as of October 15, 2024.
What is the market cap of LION ONE METALS (LOMLF)?
The market cap of LION ONE METALS (LOMLF) is approximately 66.9M.
Where is Lion One Metals Ltd headquartered?
Lion One Metals Ltd is headquartered in North Vancouver, British Columbia, Canada.
What is the core focus of Lion One Metals Ltd business?
Lion One Metals Ltd specializes in gold exploration, production, and testing, with a focus on high-grade gold deposits and innovative mining practices.
What is the key project of Lion One Metals Ltd in Fiji?
Lion One Metals Ltd owns and operates the Tuvatu Alkaline Gold Project in Fiji, which includes high-grade gold deposits and a modern mining facility.
How does Lion One Metals Ltd contribute to responsible mining practices?
Lion One Metals Ltd employs cutting-edge technology to optimize mineral extraction and processing, focusing on sustainability, efficiency, and environmental responsibility.
What are the company's goals in the global gold market?
Lion One Metals Ltd aims to deliver superior results in the global gold market through innovative exploration, production, and testing strategies.
LION ONE METALS LTD