Idaho Champion Gold Mines Canada Inc. signed a binding letter of intent to acquire the Des Bois Lithium Project in Quebec on April 24, 2023. The consideration consists of CAD 0.1 million, 6 million common shares of Idaho Champion, and 3 million warrants priced at CAD 0.20 for two years from the date of signing of the definitive agreement. Fasken Martineau DuMoulin LLP acted as legal advisor to Champion Electric Metals Inc.

Idaho Champion Gold Mines Canada Inc. completed the acquisition of the Des Bois Lithium Project in Quebec on February 12, 2024.