Consolidated Lithium Metals Provides Update on Kwyjibo Rare Earth Project

May 8, 2026 Issued by Consolidated Lithium Metals Inc

Consolidated Lithium Metals Inc. (TSXV: CLM | FRA: Z36 | OTCQB: JORFF) has reported progress in its efforts to earn an undivided interest of up to 80% in the Kwyjibo Rare Earth Project, as detailed in the company’s recent communications. The advancement of work programs is subject to fulfilling specific conditions.

In response to community concerns regarding the project’s footprint, the company is working diligently to enhance and refine its technical report, which is a requirement for closing the acquisition, as outlined in the conditional approval letter from the TSX Venture Exchange (TSXV). This technical report, integral to a preliminary economic assessment, is anticipated to be completed by June 2026. Further details surrounding the acquisition can be found in previous releases dated November 18, 2025, and February 5, 2026.

Consolidated Lithium Metals Inc. is a junior mining exploration company focused on the exploration and development of critical mineral projects within stable jurisdictions. The company emphasizes its commitment to supporting the energy transition through responsible development of critical mineral supply chains. Additional information is available on the company’s website and its SEDAR+ profile.

The company has also posted a cautionary statement regarding forward-looking information, indicating that the statements made are subject to risks and uncertainties that may affect actual results. These could include regulatory approvals, the successful preparation of the technical report, and the company’s ability to address community concerns associated with the project.

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