Welcome to our dedicated page for LODESTAR METALS news (Ticker: SVTNF), a resource for investors and traders seeking the latest updates and insights on LODESTAR METALS stock.
Lodestar Battery Metals Corp. is a Canadian mining exploration company focused on the battery metals space. The Company's 100% owned flagship Peny Property comprises of 47 mineral claims totaling 11,191 hectares in the Snow Lake District, Manitoba, with access to tier-1 existing infrastructure: railway, roads, airstrip, and power. The Company also owns 100% interest in two significant silver assets in Mexico. Lodestar aims to build a strong portfolio of battery metals projects to drive future growth through exploration success and from later-stage projects with production potential.
Lodestar Metals (TSXV: LSTR) (OTCQB: SVTNF) has terminated its investor relations agreement with Grant Galloway, effective immediately. The decision was made after careful consideration of the company's strategic direction and challenges in meeting the agreement's terms. The agreement, which began on June 10, 2024, faced difficulties in establishing clear terms and expectations despite multiple efforts by Lodestar since July 1, 2024.
CEO Lowell Kamin stated that the decision aligns with the company's growth and shareholders' best interests. Lodestar remains committed to enhancing shareholder value and will explore alternative options for effective communication with stakeholders and the investment community. The company continues to focus on its core business of exploring and developing its property portfolio, including the Peny Property.
Lodestar Metals Corp. has officially changed its name from Lodestar Battery Metals Corp. effective September 4, 2024. The company's shares will continue to trade under the symbol TSXV: LSTR and OTCQB: SVTNF on the TSX Venture Exchange. The new CUSIP number for the common shares will be 54020J101. Note that shareholders do not need to take any action; existing certificates will remain valid.
Lodestar Battery Metals (TSXV: LSTR) (OTCQB: SVTNF) has appointed David W. Christie, P. Geo., as Strategic Advisor. Christie brings 38 years of experience in mining and finance, with a track record of successful company creation, acquisitions, and financing. His notable achievements include leading Orford Mining Corp to a 134% premium acquisition and facilitating a five-way merger for Eagle Hill Exploration Corp at a 258% premium.
The company has granted Christie options to purchase 400,000 common shares at $0.05 per share, fully vested with a five-year expiration. Additionally, Lodestar plans to change its name to 'Lodestar Metals Corp.' to better reflect its focus on base and precious metals properties, subject to TSX Venture Exchange approval.
Lodestar Battery Metals (TSXV: LSTR, OTCQB: SVTNF) has appointed Kyle Appleby as its new Chief Financial Officer, succeeding Killian Ruby. Appleby brings over 20 years of extensive experience in financial reporting, IPOs, fundraising, and corporate governance.
Additionally, Scott Margach has resigned as Executive Vice President but will remain as an independent director. Gary Prihar and Killian Ruby have also resigned as directors, leaving the board with three members: Lowell Kamin, Scott Margach, and Leo Horn, with Margach and Horn being independent.
The company has also granted options to purchase 800,000 common shares at $0.05 per share, fully vested and expiring in five years.
Lodestar Battery Metals (TSXV: LSTR, OTCQB: SVTNF) has provided a corporate update highlighting its upcoming exploration plans, grant receipts, and a new investor relations agreement.
The company plans an electromagnetic geophysical survey on its Peny Property, adjacent to Hudbay's BUR zone, which contains significant mineralization. The survey is set for summer 2024.
Lodestar received a $61,862 grant payment from the Manitoba Mineral Development Fund to support its exploration work.
It also engaged Grant Galloway for investor relations services at $25,000 per month for three months. The agreement can be terminated by either party under specific conditions.
Qualified Person Ty Magee has verified the scientific and technical details in the release.
FAQ
What is the current stock price of LODESTAR METALS (SVTNF)?
What is the market cap of LODESTAR METALS (SVTNF)?
What is the focus of Lodestar Battery Metals Corp.?
Where is the Peny Property located?
What infrastructure does the Peny Property have access to?
What are the significant assets owned by Lodestar in Mexico?
What is Lodestar's business plan for future growth?
Who is the President, CEO, and Chairman of the Board of Lodestar Battery Metals Corp.?
What services does Axiom Exploration Group provide to Lodestar?
What is the focus of the upcoming electromagnetic geophysical survey on the Peny Property?
How has Lodestar utilized the grant received from the Manitoba Mineral Development Fund?
What are the terms of the investor relations agreement with Grant Galloway?
