Libra and Kobold Announce Positive Results from 2025 Field Season at Kobra Projects, Ontario; Multiple New Lithium-Bearing Pegmatites Discovered

Jan 22, 2026

Toronto, Ontario–(Newsfile Corp. – January 22, 2026) – Libra Energy Materials Inc. (CSE: LIBR) (OTCQB: LIBRF) (FSE: W0R0) (“Libra” or the “Company“) is pleased to announce results from its 2025 exploration field program, conducted in collaboration with KoBold Metals Company (“KoBold“), on the Flanders North, Flanders South, and SBC lithium projects near Thunder Bay, Ontario, Canada (collectively, the “Kobra Projects“). The field program, which took place last summer (see the Company’s press release dated July 21, 2025), marks the first full field season carried out under the six-year, KoBold-funded, CAD $33 million earn-in agreement, aimed at unlocking the potential of these critical mineral projects by leveraging KoBold’s artificial intelligence and machine learning technologies alongside Libra’s proven exploration expertise.

Exploration Field Program Highlights

  • Multiple new lithium-bearing pegmatites discovered across the Kobra Projects, including spodumene occurrences at SBC with surface samples up to 2.08% lithium oxide (Li2O) and high-grade tantalum values, along with additional new zones at Flanders South mineralized with amblygonite and cassiterite — representing one of the highest-grade tin occurrences publicly reported in Ontario.
  • Over twenty lithium-bearing pegmatite outcrops now identified across the Kobra Projects since 2023, all undrilled and showing strong fractionation trends that point to significant potential for lithium, tantalum, and tin mineralization.
  • Advanced geophysical surveys (including KoBold’s proprietary HyperPod platform) successfully deployed alongside traditional prospecting, generating new targets and enhancing geologic understanding ahead of the planned 2026 follow-up field program.
  • During the 2025 field program, KoBold met its CAD $750,000 minimum expenditure commitment under the earn-in agreement (see the Company’s press release dated August 19, 2025).
  • Libra personnel were actively involved in the planning and execution of the field program as an exploration contractor, receiving CAD $35,000 as a monthly payment during the program.
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