Consolidated Lithium Metals Inc. Signs Definitive Agreement with SOQUEM to Earn up to 80% Undivided Interest in the Kwyjibo Rare Earth Project, Québec

Consolidated Lithium Metals Inc. has executed a binding definitive agreement with SOQUEM Inc., a wholly owned subsidiary of Investissement Québec, establishing an option framework to earn up to an 80% undivided interest in the Kwyjibo Rare Earth Project located in Quebec. The agreement, signed on November 17, 2025, represents a significant strategic partnership between the private sector company and the Quebec government's investment arm.

This transaction positions CLM to advance development of rare earth mineralization in Quebec, a jurisdiction increasingly focused on critical minerals development as part of Canada's broader resource security strategy. SOQUEM's involvement brings institutional backing and local expertise to the project, while CLM contributes operational capabilities and development capital through its earn-in structure.

The partnership aligns with Quebec's strategic emphasis on developing its critical minerals sector, particularly rare earth elements which are essential for clean energy technologies and advanced manufacturing applications. The Kwyjibo project's advancement under this joint venture structure could contribute meaningfully to North America's rare earth supply chain diversification efforts.

For CLM, this agreement represents a significant expansion of its asset base beyond lithium into the broader critical minerals space. The earn-in structure allows the company to methodically advance the project while managing capital deployment risk, while SOQUEM's participation provides validation of the project's potential and access to Quebec's supportive mining policy environment.