Libra Lithium Announces $33M Earn-In Agreement with Kobold Metals and Announces Go-Public Transaction via Reverse Takeover of PowerStone Metals – Junior Mining Network

Dec 2, 2024

Mr. Zachary Goldenberg reports:

Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – December 2, 2024) – Libra Lithium Corp. (“Libra” or the “Company”) is pleased to announce that it has entered into an earn-in agreement (the “EIA”) with a wholly-owned Canadian subsidiary of KoBold Metals Company (“KoBold”) to jointly explore the Company’s Flanders South, Flanders North and Soules Bay-Caron (“SBC”) lithium projects in Ontario, Canada (collectively, the “Earn-In Properties”). Pursuant to the EIA, KoBold will have the option to earn a 75% interest in the Earn-In Properties by incurring up to CAD$33M in exploration expenditures over six years.

KoBold Metals Company is a US-based exploration and mining company that combines expertise in geosciences with artificial intelligence, machine learning, and data science to improve and accelerate the exploration process in search for the critical minerals necessary for the global energy transition.

 

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