North Vancouver, British Columbia--(Newsfile Corp. - January 15, 2025) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to report record quarterly gold sales and gold production from the Tuvatu Gold Mine in Fiji for Q4 CY2024.Summary of Quarterly Results:4,741 oz of gold sold 4,300 oz of gold recovered29,525 tonnes milledTotal revenue of C$17,993,02072% increase in revenue compared to previous quarterQuarterly Production ResultsLion One Metals sold approximately ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Lion Electric's Financial Struggles - Lion Electric (LEV) announced plans to file for bankruptcy protection under Canada's Companies' Creditors Arrangement Act, equivalent to the U.S. Chapter 11 bankruptcy process [2] - The company faced a liquidity crisis earlier this year, attempting to extend repayment deadlines and negotiate amended credit terms, but failed to secure necessary funding [3] - LEV burned through cash faster than anticipated, with the pending sale of its innovation center for C$50 million ($35.3 million) insufficient to address immediate liquidity needs [4] - Drastic cost-cutting measures, including layoffs of over 600 employees and halting production at its Joliet, IL plant, failed to stabilize the business [4] - The company's survival now hinges on finding financial backing or a strategic buyer [5] Challenges Facing EV Startups - The SPAC boom of 2020-2021 brought a flood of capital to EV startups, but many underestimated the complexities of scaling production and achieving profitability [8] - Rising operating costs, driven by inflation and higher interest rates, have squeezed profit margins across the EV industry [9] - Global EV sales growth in 2024 has been slower than anticipated, with high vehicle prices, limited charging infrastructure, and consumer concerns deterring potential buyers [9] - Intensified competition from traditional automakers like Tesla and General Motors has created a steep uphill battle for newer entrants, with price wars exacerbating pressure on startups [10] Notable EV Startup Failures - Fisker filed for Chapter 11 bankruptcy in June 2024 due to poor demand, lack of operational efficiency, and significant cash burn [11] - British EV maker Arrival went bankrupt in May 2024 without delivering a single vehicle, with its assets sold to struggling startup Canoo [11] - Northvolt AB, a key EV battery supplier, filed for Chapter 11 bankruptcy last month amid an acute liquidity crisis and is pursuing recapitalization or asset sale [12] - Via Motors Inc's parent company filed for Chapter 11 bankruptcy after ceasing all EV manufacturing operations [13] Ongoing Struggles of EV Startups - Nikola, Canoo, and Faraday Future face significant financial and operational challenges, with Nikola lacking sufficient funds to survive beyond the next business quarter [14] - Canoo and Faraday Future grapple with missed production targets and dwindling cash reserves [14] - The struggles of Lion Electric and other EV startups highlight the challenges of achieving cleaner, more sustainable transportation, requiring resilience, operational efficiency, and sound financial management [15]

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

North Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to report significant new high-grade gold results from Zone 5 infill and grade control drilling at its 100% owned Tuvatu Alkaline Gold Project in Fiji.Assay results are presented here for infill and grade control drilling in the Zone 5 area of Tuvatu. Drill results include multiple bonanza grade gold assays such as 1517.79 g/t, 513.50 g/t, 113 ...

North Vancouver, British Columbia--(Newsfile Corp. - December 12, 2024) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) ("Lion One" or the "Company") is pleased to announce the results of the Company's annual and special general meeting of shareholders (the "Meeting") held on December 12, 2024.At the Meeting, the number of directors of the Company was set at three (3) with the following directors re-elected at the Meeting: Walter Berukoff, Richard Meli, and Kevin Puil. In addition, shareholders of the ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

TORONTO, Dec. 12, 2024 /PRNewswire/ - Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that drilling has confirmed the presence of mineralization 125 meters below and 75 m west of the currently discovered Lion Zone and intercepted 7 meters (Hole 93) and 13 meters (Hole 95A) of the mineralized geologic unit. They extend the depth of the Lion Zone mineralized unit down to six hundred metres below surface.In Figure 2 below we produce some s ...

Core Points - Lion Copper and Gold Corp. has received an additional US$5 million in funding from Nuton LLC, a subsidiary of Rio Tinto, for advanced studies and completion of the pre-feasibility study at the Yerington Copper Project [3] - The company has proposed an early cash repayment of US$941,813 in outstanding convertible debentures by December 15, 2024, originally due on February 16, 2025 [4][5] - A new rolling stock option plan has been adopted, allowing the company to reserve up to 20% of its issued shares for stock option issuances, enhancing flexibility in attracting and retaining key personnel [7] - The company has granted 17,160,000 stock options under the new plan, exercisable at C$0.085 (US$0.06) per share, expiring five years from the date of grant [8]