Cullinan Metals Corp. Announces Private Placement; Consolidated Lithium Metals to Acquire 60% of Kwyjibo Rare Earth Project

Cullinan Metals Corp. is initiating a private placement of 2,500,000 shares at CAD$0.16 each, aiming to raise CAD$400,000. Concurrently, Consolidated Lithium Metals has secured a deal to acquire a 60% stake in the Kwyjibo rare earth project in Quebec for CAD$23.15 million, with plans to increase its ownership by 20% upon obtaining necessary permits and completing feasibility assessments.

Published Mar 21, 2026

Cullinan Metals Corp. will conduct a private placement of 2,500,000 shares at CAD$0.16 each, seeking CAD$400,000 in gross proceeds. In a separate development, Consolidated Lithium Metals has finalized an agreement with SOQUEM to acquire a 60% interest in the Kwyjibo rare earth project in Quebec for CAD$23.15 million.

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This project, which is 125 km north of Sept-Îles, has already seen CAD$12 million invested in exploration and feasibility studies. CLM plans to increase its stake by 20% upon obtaining necessary permits and completing feasibility assessments related to underground mining and processing facilities.