Welcome to our dedicated page for Powerstone Metal news (Ticker: PWMCF), a resource for investors and traders seeking the latest updates and insights on Powerstone Metal stock.
PowerStone Metals Corp (PWMCF) is a Vancouver-based mineral exploration leader focused on discovering sustainable precious metal deposits. This dedicated news hub provides investors and industry observers with essential updates about the company's operational milestones, strategic initiatives, and financial developments.
Our curated collection features official press releases, project status reports, and regulatory filings. Users will find timely information about exploration results, partnership announcements, and sustainability progress. The resource prioritizes factual reporting on resource estimates, operational efficiencies, and environmental stewardship commitments.
Key content includes updates on drilling programs, metallurgical testing outcomes, and corporate governance changes. All materials maintain strict adherence to financial disclosure standards while explaining technical mining concepts in accessible language. Bookmark this page for streamlined access to PWMCF's evolving story in the mineral exploration sector.
Libra Energy Materials (CSE: LIBR) has entered into a definitive agreement to acquire 100% of Brion Minerals, gaining access to 30 critical minerals projects across Brazil. The acquisition includes 21 lithium projects, 8 graphite projects, and 1 cobalt-nickel project, spanning approximately 30,706 hectares.
The transaction involves issuing 4 million Libra shares at CAD$0.30 per share, with a potential milestone payment of US$1.5 million if a preliminary economic assessment demonstrates a project NPV exceeding US$100 million by 2030. The shares will be subject to a phased release schedule, with portions unlocking at 4, 12, and 18 months post-closing.
The strategic acquisition diversifies Libra's portfolio across multiple Brazilian states, including Pernambuco, Rio Grande do Norte, Paraíba, Bahia, Tocantins, and Minas Gerais, positioning the company in the battery materials supply chain. The deal is expected to close by September 30, 2025.
Libra Energy Materials (CSE: LIBR) has acquired a 100% interest in the Stimson lithium-cesium project in Ontario's Case Lake district for CAD$50,000 in shares. The strategic acquisition is located along the Quetico-Abitibi subprovince boundary, near Power Metals' Case Lake project, one of the world's largest cesium resources.
Historical drilling at Stimson revealed three intervals of possible spodumene mineralization, including a significant 39.8-meter section of 'granitic complex'. The deal includes performance-based bonus shares of up to CAD$350,000 tied to drilling results and a 2% NSR royalty with a buyback option for half at CAD$250,000.
The project benefits from excellent infrastructure access with existing roads and rail proximity, positioning Libra for further lithium space consolidation amid rising lithium prices.Libra Energy Materials (CSE: LIBR) announced that KoBold Exploration has achieved its initial CAD$750,000 Minimum Expenditure Commitment under their Earn-In Agreement for the Kobra Projects. The agreement allows KoBold to earn up to 75% interest in Libra's lithium projects by investing CAD$33 million in exploration.
Under the agreement terms, KoBold can earn 51% interest by investing CAD$11 million within three years, and 75% interest with a total investment of CAD$33 million within six years. The 2025 exploration program combines KoBold's AI and machine learning technologies with Libra's exploration expertise, with ongoing data analysis to identify high-priority targets.
Libra Energy Materials (CSE: LIBR) has executed a Second Amending Agreement to its Earn-In Agreement with KoBold Exploration Canada. The amendment enhances their partnership at the Flanders North project in Ontario, focusing on streamlining exploration efforts and maintaining broader project exposure.
Key updates include reacquisition of previously lapsed mining claims and implementation of a more efficient process for schedule updates. The original Earn-In Agreement, established in November 2024, allows KoBold to earn interests in the Flanders North, Flanders South, and SBC projects through staged investments, while Libra maintains equity stakes, milestone payments, and royalties.
Libra Energy Materials (CSE: LIBR) has launched its 2025 exploration program in partnership with KoBold Metals for its lithium projects near Thunder Bay, Ontario. This initiative is part of a CAD$33 million earn-in agreement where KoBold can acquire up to 75% interest over six years.
The program focuses on three projects: Flanders North, Flanders South, and Soules Bay-Caron (SBC). Previous exploration at Flanders yielded the Homer spodumene discovery with pegmatite outcrops up to 35 metres wide and samples reaching 2.86% Li₂O. The SBC project demonstrated impressive results in 2024 with 18 spodumene-bearing outcrops and assays up to 6.64% Li₂O.
KoBold, backed by Bill Gates and Jeff Bezos, will employ its AI-powered exploration technology, including the proprietary HyperPod drone-based geophysical system. Libra's geologists will receive CAD$35,000 monthly for their involvement as exploration contractors.
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