Lion One Metals Limited
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Lion One Drills 78.71 g/t Gold over 2.0 m, Including 168.25 g/t Gold over 0.9 m at Tuvatu Gold Mine in Fiji
Newsfile· 2025-10-09 12:00
Core Viewpoint - Lion One Metals Limited has reported significant high-grade gold results from its Tuvatu Alkaline Gold Project in Fiji, indicating strong potential for future mining operations [1][2]. Drilling Results - The company conducted 4,180.5 meters of underground infill and grade control drilling, focusing on the Zone 5 area, which is located down-dip of current mine levels [1][2]. - High-grade mineralized structures were intersected in 24 holes, with notable assays including 267.95 g/t over 0.3 m and 168.25 g/t over 0.9 m [2][6]. - The proximity of these results to existing workings suggests a strong probability of incorporation into the mine plan within the next six to twelve months [2][11]. Highlights of New Drill Results - Significant drill intercepts include: - 175.43 g/t Au over 0.9 m (including 267.95 g/t Au over 0.3 m) [6] - 78.71 g/t Au over 2.0 m (including 168.25 g/t Au over 0.9 m) [6] - 29.70 g/t Au over 3.1 m (including 179.52 g/t Au over 0.3 m) [6] - The results are typical for Tuvatu, which consists of high-grade narrow vein structures [11]. Mining Potential - The drilling targeted the down-dip extension of the Zone 5 lodes, which are expected to be mined within the next 6 to 12 months, representing an additional five levels of mining at Tuvatu [10][11]. - The Zone 5 area is believed to be the highest-grade part of the deposit, with the system remaining open at depth [9][10]. Company Overview - Lion One Metals is an emerging Canadian gold producer with operations at its 100% owned Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and an underground gold mine [21].
Lion One Announces $7 Million Sidecar Private Placement
Newsfile· 2025-10-09 00:52
Core Viewpoint - Lion One Metals Limited is initiating a non-brokered private placement to raise up to $7,000,000 in response to investor demand, in addition to a previously announced offering of $25,000,000 [1][3]. Group 1: Private Placement Details - The Sidecar Private Placement will consist of up to 21,875,000 units priced at $0.32 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant will allow the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [2]. - The Sidecar Private Placement is expected to close around October 21, 2025, following the anticipated closure of the second tranche of the LIFE Offering on or about October 15, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the Sidecar Private Placement will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility, and general working capital [4]. Group 3: Regulatory and Financial Conditions - The closing of the Sidecar Private Placement is subject to customary conditions, including approvals from the TSX Venture Exchange [5]. - The company may pay finders' fees of up to 8% of gross proceeds raised, which may include cash commissions and finder warrants [6]. Group 4: Company Overview - Lion One Metals is a Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and various mining facilities [9].
Lion One Announces Further Upsize of LIFE Offering for Gross Proceeds of up to $25 Million
Newsfile· 2025-10-07 23:50
Core Viewpoint - Lion One Metals Limited has increased the size of its non-brokered private placement offering, known as the LIFE Offering, from gross proceeds of $20 million to $25 million due to heightened investor demand [1][2]. Offering Details - The LIFE Offering will consist of up to 78,125,000 units priced at $0.32 per unit, with each unit comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [1]. - The initial announcement of the LIFE Offering was made on September 9, 2025, and it has been upsized twice since then [2]. Tranche Information - The first tranche of the LIFE Offering closed on September 24, 2025, raising gross proceeds of $18,715,153 through the issuance of 58,484,853 units [2]. - An additional 984,375 units were issued in lieu of a cash finder's fee of $315,000 [2]. - The second tranche is expected to close around October 15, 2025, with the potential issuance of up to 18,655,772 units for additional gross proceeds of approximately $5,969,847.04 [3]. Use of Proceeds - The net proceeds from the LIFE Offering will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility with Nebari, and general working capital [5]. Regulatory and Compliance - The closing of the LIFE Offering is subject to customary conditions, including necessary approvals and compliance with TSX Venture Exchange listing conditions [6]. - The securities offered will not be subject to Canadian resale restrictions under applicable securities laws [6]. Finder's Fees - The company may pay finders' fees, which can include cash commissions of up to 7% of gross proceeds and finder warrants equal to 7% of the units sold [7].
Lion One Produces 5,704 Tonnes at 10.60 g/t Gold from First Shrinkage Stope at Tuvatu and Increases Underground Development Rates by 70%
Newsfile· 2025-10-02 12:30
Core Viewpoint - Lion One Metals Limited has successfully mined 5,704 tonnes of material at an average grade of 10.60 g/t gold from its first shrinkage stope at the Tuvatu Alkaline Gold Project in Fiji, with significant increases in underground development rates by approximately 70% from January to September 2025 [1][2][3]. Mining Operations - The first shrinkage stope production occurred from July to September, blending material from various parts of the mine, and production is now complete [2][5]. - The second shrinkage stope is under development, expected to be twice the size of the first, with production anticipated to begin in November [2][6]. Development Rates - Overall development at Tuvatu increased from 330.8 meters in January to 563.9 meters in September 2025, marking a 70% increase [3][9]. - Large capital development rates rose by 126%, while small development rates increased by 59% during the same period [9]. Operational Improvements - The company has implemented new mining equipment and operational improvements, enhancing productivity and efficiency in mining operations [4][12]. - A new methodology for drilling, blasting, mucking, and bolting has been adopted, increasing the utilization of equipment and leveraging local expertise [11][12]. Leadership Changes - Patrick Hickey has retired as COO, with Ian Berzins, the CEO, assuming his responsibilities [14][15].
Lion One Announces Closing of Upsized LIFE Offering for Gross Proceeds of $18.7 Million
Newsfile· 2025-09-24 23:25
Core Viewpoint - Lion One Metals Limited successfully closed an upsized non-brokered private placement, raising gross proceeds of $18.7 million to fund the development of its Tuvatu Gold Project and other financial obligations [1][2]. Group 1: Offering Details - The LIFE Offering raised gross proceeds of $18,715,153 through the issuance of 58,484,853 units at a price of $0.32 per unit, each consisting of one common share and one warrant [1]. - Each warrant allows the holder to acquire one common share at an exercise price of $0.42 for three years from issuance [1]. - The company paid finder's fees totaling $703,468.15 in cash and issued 2,190,462 finders warrants, representing a 7% commission on gross proceeds [3]. Group 2: Use of Proceeds - The net proceeds from the LIFE Offering will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility with Nebari, and general working capital [2]. Group 3: Company Background - Lion One Metals is an emerging Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and various mining facilities [8].
Lion One Announces Upsize of LIFE Offering for Gross Proceeds of up to $20 Million
Newsfile· 2025-09-12 05:48
Core Viewpoint - Lion One Metals Limited has announced an increase in its non-brokered private placement offering, raising the gross proceeds from $15 million to $20 million due to strong investor demand [2]. Group 1: Offering Details - The upsized LIFE Offering will consist of up to 62,500,000 units priced at $0.32 per unit, with each unit comprising one common share and one warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.42 for three years from issuance [2]. - The offering is expected to close around September 23, 2025, subject to customary conditions and approvals [5]. Group 2: Use of Proceeds - The net proceeds from the LIFE Offering will be allocated to the development of the Tuvatu Gold Project, repayment of a loan facility with Nebari, and general working capital [4]. Group 3: Finder's Fees - The company may pay finders' fees up to 7% of the gross proceeds raised, which will include cash commissions and finder warrants [6].
Lion One Reports Preliminary Gold Results, Announces C$16.3M in Quarterly Revenue
Newsfile· 2025-07-21 13:15
Core Viewpoint - Lion One Metals Limited reported significant improvements in gold production and revenue from the Tuvatu Gold Mine in Fiji for the quarter ending June 30, 2025, highlighting operational advancements and increased gold recoveries [1][3][8]. Operational Highlights - The company sold approximately 3,577 ounces of gold and 1,233 ounces of silver during the quarter, with total revenue reaching C$16,300,821, marking a 24% increase from the previous quarter and a 77% increase year-over-year [3][5]. - The average sale price for gold was C$4,541 per ounce, driven by higher gold prices and improved operational efficiencies [3][5]. - Mill performance was exceptional, achieving a record utilization rate of 96% and processing 33,726 tonnes of mineralized material, averaging about 371 tonnes per day [4][5]. Recovery and Development - Gold recovery improved to 84.1% in June 2025, up from an average of 80.3% over the previous 12 months, attributed to debottlenecking efforts and enhanced carbon management [4][7]. - The company completed a record 1,503 meters of underground development during the quarter, with significant advancements in mine ventilation and the arrival of new mining equipment [7][10]. - The development of the first shrinkage stope is complete, with production expected to commence in July, August, and September, featuring high-grade intervals reported [7][10]. Future Outlook - The CEO expressed optimism about continued improvements in gold recoveries and underground development, anticipating stronger results in the upcoming quarter due to the production from the shrink stope [8].
Lion One Drills 54.16 g/t Gold over 1.9 m, Including 156.55 g/t Gold over 0.6 m at Tuvatu Gold Mine in Fiji
Newsfile· 2025-05-12 12:25
Core Viewpoint - Lion One Metals Limited reported significant high-grade gold results from its Tuvatu Alkaline Gold Project in Fiji, indicating strong potential for resource expansion and upgrade due to high-grade intersections in the Ura lode system [1][4]. Group 1: Drilling Results - The company conducted 2,701.4 meters of underground infill and grade control drilling, focusing on the Ura lode system, which is currently being mined [1][3]. - Notable drill results include 54.16 g/t gold over 1.9 meters, with a peak of 156.55 g/t gold over 0.6 meters [1][8]. - Additional high-grade intersections reported include 16.64 g/t over 3.2 m, 20.02 g/t over 1.6 m, and 38.43 g/t over 0.6 m [8]. Group 2: Mining Development - A shrinkage stope is being developed between the 1116 and 1156 levels, scheduled for mining within the next three months, covering a strike length of approximately 80 meters [3][14]. - The Ura lode system remains open at depth, with potential for at least 4 to 5 additional mining levels below current workings, indicating significant resource expansion opportunities [4][19]. Group 3: Geological Insights - The Ura lode system consists of at least three identified lodes: Ura 1, Ura 2, and Ura 3, with a total strike length of approximately 220 meters each [11][12]. - The system is largely untested outside current mining areas, with high-grade results returned from drilling up to 90 meters below current underground workings [4][19]. Group 4: Operational Context - Lion One Metals is an emerging Canadian gold producer with operations established at the Tuvatu project, which includes a high-grade gold deposit and an underground gold mine [27]. - The company operates its own geochemical assay laboratory and diamond drill rigs, ensuring rigorous quality control in its exploration and drilling activities [23][24].