Lithium One Metals Inc. announced that it has identified high priority exploration locations on the Sirmac East Lithium Project following the completion of new remote sensing analysis using satellite-aided outcrop detection. The new data will enable LONE to conduct an accelerated work program at the Sirmac East property, strategically located near Vision Lithium's Sirmac and Winsome Resources' Sirmac-Clapier projects. Proximal to Large, Established Deposits. The Sirmac East Lithium property is adjacent to Winsome Resources' Sirmac-Clapier and Vision Lithium's Sirmac projects. Vision Lithium recently reported a positive Preliminary Economic Assessment at the Sirmac deposit, with a pit constrained Mineral Resource comprising 192 Kt of measured resources at 1.38% Li2O, 81 Kt of indicated resources at 1.39% Li2O and 49 Kt of inferred resources at 1.05% Li2O.1 The Sirmac East Lithium property is approximately 50 km southwest of Sayona Mining's Moblan Lithium deposit and shares a similar geological setting. The Moblan deposit has a Mineral Resource of 12.03 Mt at 1.4% Li2O. Accelerated Work Programs with New Remote Sensing Data. A comprehensive outcrop detection campaign has been completed on the Sirmac East Lithium property using advanced satellite imagery and high-resolution modeling techniques. After training on regional pegmatite data, including the Sirmac and Clapier lithium pegmatites at neighbouring properties, the outcrops most closely matching pegmatites have been prioritized for exploration. In Spring 2023, LONE will launch an extensive multi-phase exploration campaign, starting with ground prospecting, mapping and pegmatite sampling, followed by drill testing the highest priority targets. James Bay Lithium District. Located in Québec, Canada, James Bay is rapidly emerging
as a major lithium district, boasting ten advanced stage projects and numerous early-stage occurrences. Notably, the Whabouchi Mine represents one of the world's largest bulk tonnage lithium deposits, with a Mineral Resource of 36.6 Mt at 1.3% Li2O, and an estimated mine life of 33 years.3 Additionally, the recently approved James Bay Lithium Mine has a Mineral Resource of 40.3 Mt at 1.4% Li2O and is proposed to produce an annual average of 321 Kt of spodumene concentrate over a 19-year mine life. Prospective Geology for Lithium Exploration. Spanning 656 ha, the Sirmac East Lithium Project is located in the northeastern part of the Superior geological province,
within the Frotet-Evans volcano-sedimentary belt. The project area features four lithologies: quartz-biotite-hornblende schists, amphibolitized flows and mafic sills, spodumene-bearing pegmatites and a syenite pluton measuring approximately 6 km in diameter. Both the Sirmac East Lithium Project and the Moblan Lithium deposit share a similar geological setting within the Frotet-Evans belt. The area is highly prospective for lithium hosted in spodumene-bearing pegmatites, with elevated historic lithium results in rocks reported on the property. The claims are contiguous with those of Vision Lithium, Winsome Resources and Troilus Gold. The Sirmac East Lithium Project is located in the northeastern part of the Superior geological province, in the Frotet-Evans volcano-sedimentary belt. Four lithologies are present in the project area: quartz-biotite-hornblende schists, amphibolitized flows or mafic sills, spodumene-bearing pegmatites and a syenite pluton measuring approximately 6 km in diameter. The structural trend is roughly east-west. Notable lithium deposits in the Frotet-Evans belt include Vision Lithium's Sirmac deposit (192 Kt of measured resources at 1.38% Li2O) and Sayona Mining's Moblan Lithium deposit (12.03 Mt at 1.4% Li2O mineral resource). Lithium mineralization in the region is associated with granitic, rare element-bearing spodumene-pegmatites.