Libra Energy Materials Initiates First Drill Program at Stimson Lithium-Cesium Project in Ontario
Libra Energy Materials Inc. has commenced its first drill program at the Stimson Lithium-Cesium Project in Ontario's Case Lake Lithium-Cesium District, which it acquired in 2025. The drilling will investigate a historical hole that suggested possible spodumene and assess the potential for lithium-bearing pegmatite, while also evaluating pollucite, a significant cesium mineral. Additionally, the company has issued 250,000 stock options at an exercise price of $0.18, pending approval from the Canadian Securities Exchange.
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Libra Energy Materials Inc. has mobilized for its inaugural drill program at the 100%-owned Stimson Project in Ontario's Case Lake Lithium-Cesium District. The project, acquired in 2025, is strategically located near Power Metals' Case Lake deposit.
The initial drilling will test a historical unassayed hole that indicated three intervals of possible spodumene. The drill program aims to assess the potential for lithium-bearing pegmatite at Stimson.
In addition to targeting spodumene, Libra will evaluate pollucite, a key cesium mineral. The company has also issued 250,000 stock options at an exercise price of $0.18, subject to Canadian Securities Exchange approval.
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