Tillkännagivande • Jul 10

Libra Lithium Corp. completed the acquisition of Powerstone Metals Corp. (CNSX:PS) in a reverse merger transaction.

Libra Lithium Corp. entered into Letter of Intent to acquire Powerstone Metals Corp. (CNSX:PS) in a reverse merger transaction on December 2, 2024. Libra Lithium Corp. executed a definitive agreement to acquire Powerstone Metals Corp. in a reverse merger transaction on December 31, 2024. As part of the Transaction and pursuant to the terms of the Definitive Agreement, the Company will complete a consolidation of its issued and outstanding common shares (the 'Consolidation') on the basis of approximately one post-Consolidation common share (the 'Company Shares') for every 2.4966 outstanding common shares in the capital of the Company. Following completion of the Consolidation and as part of the Transaction, each of the shareholders of Libra (the 'Libra Shareholders') will receive one (1) Company Share in exchange for each common share held in the capital of Libra (the 'Exchange Ratio'). On completion of the Transaction, the Company will change its name to 'Libra Energy Materials Inc.' or such other similar name as the parties may agree to (the 'NameChange') and the Company anticipates applying for and changing its trading symbol on the CSE to 'LIBR'. Subject to an adjustment to the Exchange Ratio, it is expected that upon closing of the Transaction, the Combined Company will issue from treasury 45,903,209 Company Shares to Libra, and that after such issuances, the Company will have approximately 57,379,011 issued and outstanding Company Shares on a non-diluted, post-Consolidation basis. Based on the foregoing, following completion of the Transaction, the current shareholders of the Company will hold approximately 20.00% of the outstanding Company Shares and the Libra Shareholders will hold approximately 80.00% of the outstanding Company Shares on a non-diluted, post-Consolidation basis. Upon completion of the Transaction the current directors and officers of the Company will be reconstituted and are expected to be comprised of the following: Koby Kushner - Chief Executive Officer and Director, David Goodman - Chairman and Director, Ben Kuzmich - VP Exploration, Zachary Goldenberg - Director and Carlo Rigillo - Chief Financial Officer. The transaction is subject to the completion of due diligence investigation, execution of definitive agreement, regulatory approvals, including approval of the CSE, fulfillment of listing requirements, completion of the Consolidation, completion of the Name Change, and is subject to the shareholder approval. As per filing on February 20, 2025 Libra and Powerstone Metals have extended the outside date to complete the Transaction to June 30, 2025. Odyssey Trust Company acted as transfer agent to PowerStone. Libra Lithium Corp. completed the acquisition of Powerstone Metals Corp. (CNSX:PS) in a reverse merger transaction on July 9, 2025. The Transaction was effected pursuant to an amalgamation agreement dated December 31, 2024, as amended on February 19, 2025 (the "Agreement") whereby the Company acquired all of the outstanding common shares of Libra (the "Libra Shares") in consideration for the issuance by the Company of 45,990,888 common shares (each a "Share"). Pursuant to the Transaction, the Shares issued to Libra Shareholders are subject to a voluntary pooling arrangement pursuant to which an aggregate of 45,990,888 Shares will be subject to resale restrictions as follows: (A) 25% will be released on the date that the Shares are listed for trading on the CSE; and (B) 25% will be released on each of the 6, 12 and 18 month anniversaries of the date that the Shares are listed for trading on the CSE and shall bear legends to that effect. Prior to the Closing, the Company completed a consolidated of its outstanding Shares on the basis of 2.4966 pre consolidation Shares for every 1 post-consolidation Share. Following the Closing of the Transaction, the Company has 57,466,828 Shares issued and outstanding. The Company changed its name from "PowerStone Metals Corp." to "Libra Energy Materials Inc.", and will operate the current business of Libra going forward. The Company's Shares are expected to imminently commence trading on the Canadian Securities Exchange (the "CSE") under the symbol "LIBR" on or about July 10, 2025. Following the Closing, the directors and officers of the Company are as follows: Koby Kushner as Chief Executive Officer and Director, Carlo Rigillo as Chief Financial Officer, David Goodman as Chairman and Director and Chairman and Director as Director.

VD-lön i procent	n/a
Anställning som VD	1.7yrs
Ägande av VD	11.3%
Ledningens genomsnittliga anställningstid	2.5yrs
Styrelsens genomsnittliga mandatperiod	inga uppgifter

Namn	Position	Anställning	Kompensation	Ägarskap
Zachary Goldenberg	CEO & Director	1.7yrs	inga uppgifter	11.31% € 83.4k
Carlo Rigillo	CFO & Director	2.5yrs	inga uppgifter	0.52% € 3.9k
Fraser Hartley	Corporate Secretary & Director	2.5yrs	inga uppgifter	0.91% € 6.7k

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2025/04/01 22:26
Aktiekurs vid dagens slut	2025/01/02 00:00
Intäkter	N/A
Årlig intjäning	N/A

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

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Libra Lithium Corp. completed the acquisition of Powerstone Metals Corp. (CNSX:PS) in a reverse merger transaction.

Libra Lithium Corp. entered into Letter of Intent to acquire Powerstone Metals Corp. (CNSX:PS) in a reverse merger transaction.

No independent directors

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