Welcome to our dedicated page for Lion One Metals news (Ticker: LOMLF), a resource for investors and traders seeking the latest updates and insights on Lion One Metals stock.
Lion One Metals Limited (TSXV: LIO, OTCQX: LOMLF) generates frequent news flow related to its activities as an emerging Canadian gold producer. The company is headquartered in North Vancouver, British Columbia, and focuses on its 100% owned Tuvatu Alkaline Gold Project on the island of Viti Levu in Fiji, where it operates an underground gold mine, a pilot processing plant, and an on-site assay laboratory.
News for LOMLF commonly covers operational updates from the Tuvatu Gold Mine, including underground development progress, quarterly gold production metrics, mill throughput, head grades, and recovery performance. Releases also describe high-grade underground infill and grade control drilling results from areas such as Zone 5, with detailed intercept data and commentary on how these results relate to current and planned mine levels.
Investors following Lion One news will also see corporate and financing announcements, such as non-brokered private placements, strategic investments by specialist mining investment groups, and the intended use of proceeds for Tuvatu development, equipment purchases, debt repayment, and working capital. Governance-related items, including director appointments or resignations, annual and special meeting results, and changes in executive roles, are also disclosed through news releases.
Additional coverage includes information on technical standards and research, such as the company’s engagement of a sponsored research firm and descriptions of QA/QC procedures in its ISO/IEC 17025:2017 accredited assay laboratory. For readers tracking LOMLF news, this page offers a centralized view of Lion One’s operational, technical, financial, and governance developments at its Tuvatu Alkaline Gold Project. Bookmark this feed to review new drilling results, production updates, financing activities, and board or management changes as they are reported by the company.
Lion One Metals (OTCQX: LOMLF) has successfully closed its upsized non-brokered private placement, raising gross proceeds of $18.7 million through the LIFE Offering. The company issued 58,484,853 units at $0.32 per unit, with each unit comprising one common share and one purchase warrant exercisable at $0.42 for three years.
The proceeds will fund the development of the company's 100% owned Tuvatu Gold Project, repay the Nebari loan facility, and provide working capital. The company paid $703,468.15 in finder's fees and issued 2,190,462 finder's warrants to various financial institutions. Notably, directors and management participated in the offering, constituting a related party transaction exempt from certain MI 61-101 requirements.
The funding will enable Lion One to accelerate the purchase of underground mobile equipment and ensure the completion of the flotation plant in Q1 2026.Lion One Metals (OTCQX: LOMLF) has announced a non-brokered private placement offering of up to 46,875,000 units at $0.32 per unit, aiming to raise aggregate gross proceeds of up to $15 million. Each unit includes one common share and one purchase warrant exercisable at $0.42 for three years.
The company has also entered into a forbearance agreement with Nebari, its senior secured lenders, extending to December 31, 2025. The agreement waives the working capital covenant under the loan facility, with the Tranche 1 Facility maturing in August 2026 now classified as a current liability.
Proceeds will fund the development of the Tuvatu Gold Project, repay the Nebari loan facility, and provide working capital. The offering is expected to close around September 23, 2025.
Lion One Metals (OTCQX:LOMLF) reported strong preliminary Q2 2025 results from its Tuvatu Gold Mine in Fiji. The company achieved quarterly revenue of C$16.3 million, representing a 24% increase from the previous quarter and 77% year-over-year growth. The quarter saw record operational metrics, including 96% mill utilization and 33,726 tonnes of throughput.
The company sold 3,577 oz of gold at an average price of C$4,541 per ounce, with gold recovery improving to 84.1% in June. Mine development reached record levels with 1,503m of underground development completed. The completion of the first shrinkage stope, which showed high-grade intervals up to 489.52 g/t Au, positions the company for stronger performance in the upcoming quarter.
Lion One Metals (OTCQX: LOMLF) has announced changes to its Board of Directors. Casey Spreeuw has stepped down from his position for personal reasons, while Tayfun Eldem has been appointed as an Independent Director.
Mr. Eldem brings over 35 years of operations and project development experience in the mining sector. His notable positions include COO at Baffinland Iron Mines (2020-2025), CEO at Alderon Iron Ore Corp. (2011-2015, 2018-2020), and extensive experience at Iron Ore Company of Canada, where he managed a $2.0 billion expansion program. He is currently serving as lead director at Mason Resources.
Lion One Metals Limited (LOMLF) has announced changes to its Board of Directors. Kevin Puil has stepped down from the Board, and Casey Spreeuw has been appointed as a new director effective May 9, 2025. Spreeuw brings over 35 years of experience in business accounting and securities industry. He is a Chartered Professional Accountant who previously served as Chief Examiner at the Vancouver Stock Exchange and held various CFO positions at financial firms including Sora Group Wealth Advisors, Jordan Capital Markets, and GF Securities. Spreeuw holds a Bachelor of Commerce in accounting from UBC and earned his CA designation in 1989.
Lion One Metals (LOMLF) has reported significant high-grade gold results from 4,123.8 meters of underground infill and grade control drilling at its Tuvatu Alkaline Gold Project in Fiji. The drilling campaign revealed multiple bonanza-grade gold intercepts, with the most notable being 236.00 g/t gold over 0.4m. Other impressive results include 101.58 g/t over 0.5m and 102.35 g/t over 0.3m.
The drilling focused on the Zone 5 area's UR2 lode, with most intercepts located within 50m of current underground workings. These results are expected to be incorporated into the mine plan within the next 6-12 months. The UR2 lode features a 600m strike length, dipping steeply east, with current mine development occurring at the 1100, 1102, and 1134 levels.
Lion One Metals has completed a significant mine ventilation upgrade at its Tuvatu Gold Mine in Fiji, enabling expanded underground development and access to the high-grade Zone 500 feeder zone. The upgrade has doubled airflow at the main portal, allowing for development of more mineralized headings.
The company reported Q1 CY2025 gold production of 3,555 oz from 27,841 tonnes milled at an average grade of 4.9 g/t gold with 80.4% recovery. While this represents a 155% year-over-year increase, it marks a decrease from Q4 2024's 4,300 oz due to maintenance downtime and weather impacts.
Currently operating at 300 TPD, the company plans to expand to 600-700 TPD by 2026. Development highlights include a record 13 active headings and the first shrinkage stope along the Ura1 lode, where previous drilling returned 142.66 g/t gold over 2.2m. The stope is expected to begin production in May-June 2025.
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.