Consolidated Lithium Metals Inc. Signs Definitive Agreement with SOQUEM to Earn up to 80% Undivided Interest in the Kwyjibo Rare Earth Project, Québec

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[{"type":"text","content":"Consolidated Lithium Metals Inc. Signs Definitive Agreement with SOQUEM to Earn up to 80% Undivided Interest in the Kwyjibo Rare Earth Project, Québec\n\n\n\n TORONTO, Nov. 18, 2025 (GLOBE NEWSWIRE) --\n \n Consolidated Lithium Metals Inc.\n \n (TSXV: CLM | FRA: Z36) (“\n \n CLM\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that it has entered into on November 17, 2025 a binding definitive agreement (“\n \n DA\n \n ”) with SOQUEM Inc. (“\n \n SOQUEM\n \n ”), a wholly owned subsidiary of Investissement Québec, pursuant to which the Company has acquired an option to earn, subject to the satisfaction of certain conditions, an undivided interest of up to 80% in the Kwyjibo Rare Earth Project (the “\n \n Project\n \n ”), located 125 km northeast of the city of Sept-Îles, in the Côte-Nord region of Québec (the “\n \n Transaction\n \n ”).\n \n\n\n\n Transaction Summary\n \n\n\n\n\n Phase I – CLM to acquire a 60% undivided interest in Project\n \n\n\n Pursuant to the terms of the DA, CLM is appointed as the operator of the Project and may earn a 60% undivided interest in the Project (the “\n \n Phase I Option\n \n ”) in consideration for payments and issuances of common shares of the Company (“\n \n Common Shares\n \n ”) upon each of the yearly anniversaries of the signature of the DA during the five year period following the entering into of the Transaction. Such payments and Common Share issuances total an aggregate amount of C$23.15m and are allocated as follows (in each case subject to and in accordance with the rules and policies of the TSX Venture Exchange (“\n \n TSXV\n \n ”)):\n \n\n\n C$5.65m in cash to SOQUEM;\n \n\n C$5.50m payable to SOQUEM in Common Shares at a price per share equal to the greater of (i) the Discounted Market Price (as such term is defined in the policies of the TSXV) on the day of issuance, and (ii) the most recent closing price of the Common Shares on the TSXV immediately prior to the day of issuance, less a 10% discount; and\n \n\n C$12.00m invested in the Project to advance the following key stages of the Project's development:\n \n\n\n\n Negotiation and ratification of an impacts and benefits agreement with the Innu of Takuaikan Uash...

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