Consolidated Lithium Metals announces exposure of a new Li-bearing pegmatite at its Preissac Project and closes financing

Consolidated Lithium Metals Inc. has initiated its summer 2025 exploration program at the Preissac Project in Quebec, marking a significant step forward in the company's lithium exploration strategy. The campaign has already yielded promising initial results with the excavation of a substantial trench measuring 100 meters in length and 30 meters in width that has successfully exposed a new lithium-bearing pegmatite discovery.

The discovery of this new Li-bearing pegmatite represents an important development for CLM's Quebec lithium portfolio, as pegmatites are the primary source of hard-rock lithium mineralization and often contain high-grade spodumene deposits. The size of the excavated trench suggests the company is pursuing a systematic approach to evaluating the extent and continuity of the mineralized zone, which will be critical for understanding the economic potential of this new discovery.

The timing of this exploration campaign aligns with the broader surge in lithium exploration activity across Canada, as companies race to secure domestic lithium resources to support the growing electric vehicle and energy storage markets. Quebec has emerged as a key jurisdiction for lithium development, with its favorable geology, established mining infrastructure, and supportive regulatory environment making it an attractive destination for lithium explorers.

The company has also successfully closed a financing round to support its exploration activities, providing the necessary capital to advance the Preissac Project through the current exploration phase. This financial backing positions CLM to conduct systematic follow-up work on the newly discovered pegmatite, including sampling, mapping, and potentially drilling to better define the mineralization and assess its economic viability for future development.