Lion One Metals Stock Price, News & Analysis

Lion One Metals (LOMLF) has reported significant high-grade gold results from 2,194.70 meters of underground infill and grade control drilling at its Tuvatu Gold Project in Fiji. The drilling program, focused on the Ura lode system, revealed impressive bonanza grade gold assays including:

- 142.66 g/t over 2.2m
- 489.52 g/t over 0.4m
- 168.95 g/t over 0.5m
- 189.15 g/t over 0.3m
- 179.95 g/t over 0.3m

The Ura system, currently being mined from both 1095 and 1116 levels, consists of three identified lodes (Ura1, Ura2, and Ura3). Mining operations are planned through conventional shrinkage stoping, with narrow mining widths of approximately 1.5m over a 100m strike length. The system remains open at depth and largely untested below current modeled lodes, presenting significant potential for resource expansion.

Lion One Metals (OTCQX: LOMLF) has announced the commencement of engineering and construction of a flotation circuit at its wholly-owned Tuvatu Alkaline Gold Project in Fiji. The project represents a significant expansion of the current 300 TPD pilot plant operation, with plans to double capacity to 600 TPD in stages.

The first expansion phase includes adding a flotation circuit with a regrind mill for processing flotation concentrate to approximately P80 20 microns before feeding the pre-treatment and CIL circuits. According to metallurgical testing conducted by Lion One's lab in Fiji, this addition is expected to increase gold recoveries from the current 80-83% to over 90%.

The company has completed engineering of concrete foundations and begun construction preparation. Steel and flotation plant equipment orders have been placed, with construction scheduled for completion in Q4 CY2025.

Lion One Metals reported record financial results for Q4 CY2024 at its Tuvatu Gold Mine in Fiji, achieving mine operating income of C$6.3M - a 312% increase from the previous quarter. The company posted record gold revenue of C$18M with 4,741 oz sold and reduced cost of sales to C$2,465 per oz.

Operational highlights include: 31,044 tonnes of high-grade material mined (56% from outside current Mineral Resource Estimate), 29,525 tonnes processed with 5.5 g/t average gold grade and 82.5% recovery rate. The company is operating at 300 TPD with planned expansion to 600-700 TPD in 2026.

Additionally, Lion One's internal assay laboratory received ISO 17025 accreditation, becoming Fiji's only mining accredited lab. The facility can process over 10,000 samples monthly and provides rapid turnaround times for drill and mill assay results.

Lion One Metals has reported significant high-grade gold results from 1,757.8 meters of near-mine expansion drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling focused on the SKL lodes in Zone 5, yielding multiple bonanza-grade gold assays including 502.50 g/t, 118.20 g/t, 85.50 g/t, and 76.50 g/t gold over narrow widths.

Key highlights include:

• 85.54 g/t Au over 3.0m from surface
• 23.59 g/t Au over 2.4m
• 21.10 g/t Au over 2.4m

The company also announced a leadership transition, with founder Walter Berukoff moving to Chairman and President role, while accomplished mining engineer Ian Berzins joins as new CEO. The SKL lodes, located near underground workings and within 110m of surface, represent a prime target for addition to the Tuvatu mine plan given their high-grade results and proximity to infrastructure.

Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) has received approval from the TSX Venture Exchange for listing 25,367,647 share purchase warrants. These warrants were issued on February 14, 2025, as part of a public offering conducted through an underwriting agreement with Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp.

Each warrant can be exercised to acquire one common share at C$0.41 per share until February 10, 2028. The warrants are scheduled to begin trading on the TSXV on February 26, 2025, under the ticker symbol LIO.WT.A.

Lion One Metals (LOMLF) has reported significant high-grade gold results from 3,312.5 meters of near-mine exploration at its Tuvatu Gold Project in Fiji. The drilling focused on the West Zone target, located 300m west of the main Tuvatu deposit.

Key findings include multiple bonanza grade gold assays, with notable intersections of 198.84 g/t Au over 1.4m (including 896.00 g/t Au over 0.3m), 61.24 g/t Au over 2.0m, and 306.78 g/t Au over 0.3m. The high-grade mineralization was found between 30m and 150m depth from surface.

The West Zone is hypothesized to have a separate feeder system from Tuvatu and represents a prime target for near-mine resource expansion. The company plans to incorporate the West Zone into its long-term mine plan, with potential development through a second portal or underground access drive.

Lion One Metals (TSXV: LIO) (OTCQX: LOMLF) has successfully closed its previously announced underwritten offering by issuing 25,367,647 units at $0.34 per unit, raising gross proceeds of $8,625,000. The company also completed a concurrent non-brokered private placement of 6,431,114 units, generating additional proceeds of $2,186,578.76.

Each unit consists of one common share and one warrant exercisable at C$0.41 for 36 months. The total aggregate offering of 31,798,761 units raised $10,811,578.74. The company paid underwriting commissions of $603,750 and issued 1,775,735 broker warrants for the main offering, plus additional finder's fees for the private placement.

The proceeds will fund mining and mill equipment and exploration activities at the Tuvatu Gold project in Fiji, along with general corporate expenses.

Lion One Metals (LOMLF) has reported significant high-grade gold results from 3,791.3 metres of underground grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling program, focused on Zone 2's URW and Murau lode systems, revealed multiple bonanza-grade gold assays, including notable intersections of 25.45 g/t gold over 6.7m and 26.89 g/t gold over 4.7m.

The drilling targeted two separate mineralized systems: the URW system's downdip extension below the 1101 level and the Murau system below the 1095 level. Both programs successfully intersected high-grade mineralization, indicating vertical extension below current mining levels. These results are expected to be incorporated into the mine plan within the next six to twelve months, with the headline intersect of 6.7m of 25.45 g/t gold located just 10m below current mining activities.

Lion One Metals reported record quarterly gold sales and production from its Tuvatu Gold Mine in Fiji for Q4 CY2024. The company sold 4,741 oz of gold and 841 oz of silver, generating total revenue of C$17,993,020, a 72% increase from the previous quarter's C$10,470,518.

Gold production reached 4,300 oz, an 18% increase from Q3's 3,638 oz. The average sale price was C$3,787 per ounce. The mine processed 29,525 tonnes with improved gold grades of 5.49 g/t and recovery rates of 82.50%. 2024 marked Tuvatu's first year of production, with consistent quarterly improvements since Q1 plant commissioning.

The company currently operates a 300 tpd pilot plant and plans to expand to 600 tpd in 2026.