Champion Electric Metals Inc. announced that the company has received results of high-grade lithium from initial geochemical analyses for rock samples from the 2024 field program at the Quebec Lithium Project in the heart of the Eeyou Istchee James Bay territory. The rock samples were taken from the recently reported boulder fields which included boulders up to 5m X 4m X 2m that stretched 1.7 km up ice and up to 50 metres wide. The sample inventory consisted of 39 rock samples that were collected in conjunction with geologic mapping.

These samples were submitted to Activation Laboratories in Val d'Or, Quebec along with embedded blind quality assurance samples and certified reference materials. Highlights of Significant Results: Mineralized pegmatite boulders now define a glacial dispersal train of at least 1.7 km along a NE-SW corridor, defining the Western Prospect, which encompasses 2023 till sample EIQ-001 (+52,000 spodumene grains). Clusters of boulders within this glacial dispersal train are angular to sub-angular and range 0.3 to 5m in diameter and contain pale green spodumene crystals to a maximum observed dimension of 35 cm; Grab samples collected from these boulders yielded highly anomalous lithium content, such as 5.83%, 5.78%, and 4.62% lithium oxide (Li2O).

These lithium values are the highest encountered to date by Champion Electric at the Quebec Lithium Project; Of the 30 grab samples collected from spodumene-bearing boulders, 23 assayed greater than 1.0% Li2O; Sampling continues to better define additional targets through favorable chemistry, including the key potassium-rubidium ratio ("K/Rb"), at other pegmatite occurrences, such as the Power Line target and elsewhere on the Charles target which are located on the western and eastern portions, respectively, of this large land package; Trenching with an excavator is underway in the western target corridor based on the recently reported drill results and the lithium pegmatite boulder field. Company geologists will collect systematic channel samples using diamond saws across mineralized outcrops encountered in the trenches.