Lion One Metals Ltd V.LIO

Alternate Symbol(s): LOMLF | V.LIO.WT

Metals & Mining Gold

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.

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Lion One Metals Ltd > From Ronan Geoghegan LIO head of IR / Corporate Development

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Comment by reddog11on Mar 26, 2024 8:18am

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Post# 35952491

RE:From Ronan Geoghegan LIO head of IR / Corporate Development

Well, that is facinating. No Idea?

Any current shareholder knows why. LIO issues massive dilution well below market and a three year warrant without any heads up as to why.

The question is NOT why has the share price plummeted. The question answered should have been WHY did LIO need to do this now? To bump to 500 t/day? 300 was fine and we could have taken our profits and explored / drilled slower. Paid our way. Stock price would be well above $.80 and with gold at $2200 we would have a winner.

Lost somewhere between 80-100 million market cap for12 million return.

Thanks for asking IR and the answer is not an answer.

jmo
RD

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