Consolidated Lithium Metals Provides Update on Kwyjibo Rare Earth Project

Core Viewpoint - Consolidated Lithium Metals Inc. has amended its agreement with SOQUEM to clarify the issuance of common shares as consideration for acquiring an interest in the Kwyjibo Rare Earth Project, emphasizing regulatory compliance and responsible growth [1][3]. Group 1: Transaction Details - The amendment allows the company to earn up to an 80% undivided interest in the Kwyjibo Rare Earth Project, located 125 km northeast of Sept-Îles, Québec [1]. - The number of consideration shares to be issued to SOQUEM is capped at 110 million for a 60% interest and 90 million for an additional 20% interest [5]. - SOQUEM's shareholding will not exceed 10% of the issued common shares to avoid insider status, with cash payments as an alternative if share issuance conditions are not met [5]. Group 2: Company Profile - Consolidated Lithium Metals Inc. is a Canadian junior mining exploration company focused on critical mineral projects in stable jurisdictions, trading under the symbol "CLM" on the TSX Venture Exchange [3]. - The company is committed to supporting the energy transition through responsible development of critical mineral supply chains [3].