Libra Wins Bernie Schnieders Discovery of the Year Award and Provides Update on RTO with Powerstone

Core Points - Libra Lithium Corp. received the 2024 Bernie Schnieders Discovery of the Year Award for its spodumene discovery at the Soules Bay-Caron Project in Ontario, Canada [1][2] - The award was presented at the 2025 Ontario Prospectors Exploration Showcase, recognizing significant discoveries in Northwestern Ontario [2] Discovery Description - A successful 12-day prospecting program in June 2024 led to the discovery of spodumene-bearing pegmatites, with widths up to 30 meters and containing 15-25% spodumene [5][6] - The program resulted in 184 grab samples, with assays showing up to 6.64% Li2O and notable values of other elements such as 861 ppm Cs and 493 ppm SnO2 [5] - A total of 18 new spodumene discoveries were made over a strike length of 12 km, and the project area was expanded from 13,703 ha to 15,813 ha [6] RTO Update - The reverse merger transaction between PowerStone Metals Corp. and Libra Lithium is progressing, with a shareholder meeting scheduled for May 14, 2025, to approve the transaction [8][9] - The resulting public company is expected to be listed as "Libra Energy Materials Inc." on the Canadian Securities Exchange, with a targeted listing date in Q2 2025 [10] Company Overview - Libra is focused on discovering and developing critical minerals for the green energy transition, with significant land holdings in Ontario and Quebec [14] - The company is exploring its projects under a $33 million earn-in deal with KoBold Metals Company [14] - Libra holds 43,865,217 common shares in Athena Gold Corporation, which can be exchanged for shares of Athena under certain conditions [14]