- Consolidated Lithium Metals Inc. (CLM) has signed a non-binding letter of intent (LOI) with SOQUEM to acquire an option to earn up to an **80% interest** in the **Kwyjibo Rare Earth Project** in Québec.  **[1415332_68df506d7ce94224b01fda2466242d76_0]** 
- The Proposed Transaction is structured in two phases: **Phase I** allows CLM to earn a **60% interest** for an aggregate of **C$23.15 million** over **five years**, and **Phase II** allows CLM to earn an additional **20% interest** for **C$22.00 million** over **three years** following Phase I completion.  **[1415332_68df506d7ce94224b01fda2466242d76_0]** 
- The LOI was effective **July 31, 2025**, and a definitive agreement is anticipated to be negotiated, executed, and the transaction closed by **October 31, 2025**.  **[1415332_68df506d7ce94224b01fda2466242d76_0]** **[1415332_68df506d7ce94224b01fda2466242d76_1]** **[1415332_68df506d7ce94224b01fda2466242d76_2]**

Lithium (LTUM)