Lion One Metals Ltd. announces the acceleration of mine development and plant construction following the completion of project financing, at the Company's 100% owned Tuvatu Alkaline Gold Project in Fiji. Lion One has advanced the number 2 development drive by over 250 meters and has completed the first cut of high-grade material from the URA1 lode. The samples taken from this first cut averaged 14 g/t gold and are [...]
Lion One Metals Ltd. announces the Company has completed its previously announced debt and equity financing transaction and has received total proceeds of US$25 million from: i) the funding of the US$23 million 1st tranche of its previously announced US$37 million financing facility provided by Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP , and Nebari's [...]
Lion One Metals Ltd. announces further high-grade assay results ongoing Zone 500 drilling at the Company's 100%-owned Tuvatu Alkaline Gold Project in Fiji. Underground drill holes TUG-147 and TUG-150 were drilled to further test the high-grade zone originally defined by drill holes TUG-141, TUDDH-601 and TUDDH-608, previously reported on June 6, 2022, August 15, 2022, and November 7, 2022, respectively. Highlights [...]
Funding Package of US$35 Million Loan Facility and US$2 Million Equity Investment Finances and Accelerates Completion of Tuvatu Gold Mine and Production Facilities Lion One Metals Ltd. is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP , with Nebari Collateral Agent, LLC as collateral [...]
Lion One Metals Ltd. is pleased to announce the results of the Company's annual and special general meeting of shareholders held on December 15, 2022. At the Meeting, the number of directors of the Company was set at four with the following directors re-elected at the Meeting: Walter H. Berukoff, Richard J. Meli, Kevin Puil and David R. Tretbar. In addition, shareholders of the Company approved the Company's Omnibus [...]
Lion One Metals Ltd. provides results from near-mine exploration, identifying two new zones of significant mineralization within the footprint of the deposit. A new lode, named URA1 has been discovered during construction of the development decline; its location corresponds to Tuvatu's near-surface and earliest scheduled production area: Zone 2. The lode has been further defined through underground channel sampling and [...]
Lion One Metals Ltd. is pleased to announce that the Company has produced additional bonanza-grade drilling intercepts and expanded the Deep Feeder Zone 500 by increasing the vertical extent of the URW3 Lode by at least 180 m at its high-grade Tuvatu Alkaline Gold Project in Fiji. The results from these holes confirm a significant increase in the vertical extension and continuity of the URW3 mineralized zone, which occurs [...]
Lion One Metals Ltd. provides compelling evidence of multiple mineralized centers within the Navilawa Caldera. A high-grade drill result returned from diamond drill hole TUDDH-614 complements the regional high-grade gold discovery, first identified by surface sampling , at the Batiri Creek Lode Complex located 2.0 km NE adjacent to the Company's 100% owned, fully permitted Tuvatu Alkaline Gold Project. The broad [...]
Lion One Metals Ltd. is pleased to announce results from hole TUDDH 608 as part of its ongoing deep drill program in definition of the "500" zone. Exceptional results include 23.7 meters averaging 17.52 g/t gold with a horizontal true width of 10.4m. Mineralized intervals are inclusive of several bonanza-grade intercepts. This hole is consistent with Lion One's geological model of a robust Alkalic gold system with [...]
Lion One Metals Ltd. is pleased to announce assay results from recent wide-diameter core drilled for metallurgical test work at its Tuvatu Gold Project in Fiji. These results complement the excellent results obtained by the infill drill program completed earlier this year and reported on February 23, 2022 . The additional results provided by the metallurgical drill program reported here will be applied to the ongoing [...]
Lion One Metals Ltd. is pleased to announce that it has closed its previously announced bought deal offering of 17,348,000 units partial exercise of the over-allotment option granted to the Underwriters) at a price of $0.77 per Unit for gross proceeds of $13,357,960 . Each Unit consists of a common share of the Company and one-half of one common share purchase warrant to purchase a Common Share at a price of $1.05 for a [...]
Lion One Metals Ltd. is pleased to announce that it has entered into an agreement with Eight Capital and Canaccord Genuity Corp., as co-lead underwriters and joint bookrunners , pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis,16,240,000 units of the Company at a price of C$0.77 per Unit , for total gross proceeds of C$12,504,800 . Each Unit will consist of one common share in the [...]
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