Lion One Metals Ltd V.LIO.WT

Primary Symbol: V.LIO Alternate Symbol(s): LOMLF

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 > Despite the good news....

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Comment by Puma1backon Nov 20, 2024 8:19am

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Post# 36321275

RE:Despite the good news....

The news is basically that they are going to keep spending on exploration right now even though gold mining is still cash flow negative.

they refreshed their shelf offering and will likely be back with their hands out unless mining stops bleeding