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PowerStone Metals Corp. ( (TSE:LIBR) ) has provided an update.
Libra Energy Materials Inc. has announced a definitive agreement to acquire Brion Minerals Inc., securing a diverse portfolio of critical minerals projects in Brazil. This acquisition, expected to close by the end of September 2025, will enhance Libra’s strategic position in the global critical minerals market by providing exposure to Brazil’s emerging minerals districts and diversifying its portfolio. The transaction, which involves issuing Libra common shares to Brion’s shareholders, aligns with Libra’s growth strategy by offering significant exploration potential and geographic diversification, while maintaining minimal dilution and conserving cash.
More about PowerStone Metals Corp.
Libra Energy Materials Inc. operates in the critical minerals industry, focusing on the exploration and development of energy materials such as lithium, graphite, and nickel-cobalt. The company aims to supply essential materials for batteries, electric vehicles, and renewable energy technologies, with a market focus on emerging critical minerals hubs globally.
Average Trading Volume: 74,548
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$9.61M
See more insights into LIBR stock on TipRanks’ Stock Analysis page.