New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.80m market cap, or US$7.11m). New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$14.2m market cap, or US$10.4m). Announcement • Feb 04
Libra Energy Materials Inc. (CNSX:LIBR) completed the acquisition of Stimson Project, located within the Case Lake lithium-cesium district in Ontario from Last Resort Resources, Ltd. and Bounty Gold Corp. Libra Energy Materials Inc. (CNSX:LIBR) entered into an asset purchase agreement to acquire Stimson Project, located within the Case Lake lithium-cesium district in Ontario from Last Resort Resources, Ltd. and Bounty Gold Corp. for CAD 0.05 million on August 21, 2025. Under the terms of the agreement, Libra Energy Materials Inc. will acquire a 100% undivided interest in the Stimson Project for a total purchase price of CAD 0.05 million, payable in common shares based on the 5-day volume-weighted average price prior to issuance, with the option for Last Resort Resources, Ltd. and Bounty Gold Corp. to defer share payment for up to one year; additionally, Libra Energy Materials Inc. will issue bonus shares based on drilling results within three years—CAD 0.1 million in shares if drilling yields at least 20 meters grading over 1% Li2O and CAD 0.25 million in shares if it yields at least 5 meters grading over 3% Cs2O, and upon commencement of commercial production, Libra Energy Materials Inc. will pay a 2% NSR royalty to the Vendors, with an option to repurchase half of the royalty for CAD 0.25 million.
Libra Energy Materials Inc. (CNSX:LIBR) completed the acquisition of Stimson Project, located within the Case Lake lithium-cesium district in Ontario from Last Resort Resources, Ltd. and Bounty Gold Corp. on February 2, 2026. 
