Consolidated Lithium Metals Provides Update on Kwyjibo Rare Earth Project

Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.TORONTO, April 07, 2026 (GLOBE NEWSWIRE) — Consolidated Lithium Metals Inc. (TSXV: CLM | FRA: Z36 | OTCQB: JORFF) (“CLM” or the “Company”) is pleased to provide an update in connection with an acquisition by CLM of an option (the “Acquisition”) to earn, subject to the satisfaction of certain conditions, an undivided interest of up to 80% in the Kwyjibo Rare Earth Project, located 125 km northeast of the city of Sept-Îles, in the Côte-Nord region of Québec (the “Project”).Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.The Company is working diligently to prepare the technical report respecting the Project (the “Report”), which is a condition to closing set out in the conditional approval letter of the TSX Venture Exchange (the “TSXV”). The Report, which is being prepared as part of a preliminary economic assessment, is now expected to be completed in May 2026. The Acquisition is more fully described in the Company’s press releases dated November 18, 2025, and February 5, 2026, copies of which are available under CLM’s profile on SEDAR+ at www.sedarplus.ca.About Consolidated Lithium Metals Inc.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.CLM is a Canadian junior mining exploration company trading under the symbol “CLM” on the TSX Venture Exchange, “Z36” on the Frankfurt Stock Exchange and “JORFF” on the OTCQB® Venture Market. The Company is focused on the exploration and development of critical mineral projects in stable jurisdictions. The Company is committed to supporting the energy transition through the responsible development of critical mineral supply chains.Additional information on CLM can be found on its website at: www.consolidatedlithium.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.For Further Information, Contact:Rene BhartiVice President Corp. Dev.Email: info@consolidatedlithium.comPhone: +1 (647) 965 2173Website: www.consolidatedlithium.comCautionary Statement on Forward-Looking InformationThis news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the Acquisition, including the anticipated timing to complete the Report. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CLM to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including risks related toregulatory approvals, such as TSXV approval of the Acquisition and Report, the exercise of any of the options contemplated by the Acquisition, the preparation of the Report and the expected timing thereof, and other matters related thereto. Forward-looking statements contained herein are made as of the date of this press release and CLM disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.