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Libra Energy gains 100% ownership of SBC lithium project after final payment by KoBold Metals.

Company Fundamentals
08 Jun 2026
Newsfile Corp
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Bullish
pluang ai news

Libra Energy Materials has secured full ownership of the SBC lithium project in Ontario after KoBold Metals completed the final option payment to the original vendor. This project, along with Libra's Flanders North and South projects, is part of the Kobra Projects being explored under a $33 million earn-in agreement funded by KoBold, leveraging AI and machine learning for mineral exploration. The SBC project is notable for its spodumene-rich outcrops and strategic location near infrastructure, positioning Libra strongly in Canadian lithium exploration. Libra plans to begin exploration at its nearby Toivo project in 2026, pending consultations with local stakeholders.

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