Comet Lithium announced Agreement signed to acquire three prospective lithium projects in the James Bay region. The Mercator Project, located east from Comet's Liberty and Winsome Resources' Adina Projects and adjacent to the Tilly Project. The Monarch Project, on strike with Cygnus Metals' Auclair pegmatites discoveries Auriga, Lyra & Pegasus.

Recent results at Auriga covers a strike length of 1.9 kilometres, with multiple parallel pegmatites intersected and mineralisation remaining open in all directions under shallow glacial cover. The Monarch Project is also on trend with the Pegasus pegmatite discovery on Cygnus Metals's Auclair Project of 43.7m @ 1.15% Li2O below 10 metres of glacial overburden was intersected. A third discovery, the Lyra discovery also on Cygnus Metals'Aclair Project, trend with the Monarch Project, Lyra has planned drilling, and exhibits both scale (up to 15 metres wide) and grade (up to 6.7% Li2O).

All three spodumene discoveries to date fall within a highly prospective 10 kilometres LCT fractionation corridor, identified through the discovery and sampling of pegmatites, with assays returning favourably low K/Rb ratios. The Monarch Project is well-located in the hinge-zone of a refolded fold, it is also highly prospective geology for orogenic gold and VMS potential. Previous work by Troilus Gold returned strong soil anomalies in Li, Ta, Cs, and Be, which are all on trend with Auclair's pegmatites discovery.

Elmer East Project Summary The Elmer East Project is comprised of 32 mining claims covering approximately 16.7 km2. Elmer East Project is located 20 km south west of Arcadium's Galaxy project. Arcadium's Galaxy project is the former James Bay Lithium Project of Allkem Limited, who merged with Livent Corporation in January 2024 to form Arcadium.

The Elmer East Project is located directly north of Azimut Exploration's Wapatik Project where eight multi-kilometre target areas have thus been defined, including at least 30 distinct outcropping targets likely corresponding to pegmatites. Several of these outcrops are anomalous in lithium, cesium and tantalum ("LCT"), as well as other associated pathfinder elements for LCT pegmatites (rubidium, gallium, tin). The Wapatik Project also displays potential for intrusion-related nickel-copper mineralization and shear-related gold mineralization, based on the results of exploration programs conducted by Azimut and Mont Royal since 2021.