Libra Energy Materials enters option to acquire Cisco West and Obamska lithium projects in Quebec

Reuters2026/08/12 17:00

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Libra Energy Materials entered an Aug. 11, 2026 option agreement to acquire 100% of the Cisco West and Obamska lithium projects in Quebec.
Earn-in requires $300,000 in staged cash payments over three years, 8,823,529 common shares, and a 2% NSR royalty to the vendors.
Terms include a potential one-time $2 million milestone if a qualifying 50 million-tonne resource at 1.0% Li2O is filed.
Cisco West adjoins Q2 Metals’ Cisco deposit, giving Libra about 45 km of strike along the Nottaway Deformation Zone.
Libra plans near-term fieldwork on both properties, citing access via the Billy Diamond Highway and the Matagami railhead.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Libra Energy Materials Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608121259NEWSFILECNPR____20260812_309351_1) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Libra Energy Materials enters option to acquire Cisco West and Obamska lithium projects in Quebec

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