Champion Electric Announces Sale of Champion Lithium Project
Champion Electric Announces Sale of Champion Lithium Project
Toronto, ON – December 29, 2025 – Champion Electric Metals Inc. (CSE: LTHM; OTC: CHELF;
FSE: 1QB0) (“Champion Electric” or the "Company") announces that it has entered into a
mining claims acquisition agreement (the "Agreement") dated December 19, 2025, with a non-
arm's length party (the "Buyer"), pursuant to which the Buyer will acquire the Company's wholly
owned Champion Lithium Project (the "Project"), located in the Eeyou Istchee James Bay
territory of Quebec.
As consideration for the Project, the Company shall receive cash payments in the aggregate of
USD$1,000,000. The completion of the transaction contemplated by the Agreement remains
subject to the approval of all regulatory and other approvals, including the approval of the
Canadian Securities Exchange. The Company intends to use the consideration to reduction of
liabilities, working capital, and advancing strategic corporate initiatives.
Interim President and CEO Nicholas Konkin commented:
“The proposed sale of the Champion Lithium Project allows us to streamline the Company and
sharpen our focus on the next stage of its development. Champion retains a portfolio of
promising early-stage precious and base metal assets, and this transaction positions us to begin
evaluating more advanced-stage opportunities to drive the Company forward.”
The transactions contemplated by the Agreement are constituted "related party transactions" as
defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special
Transactions ("MI 61-101"), the Buyer is a director of the Company. The Company is relying on
the exemptions from the valuation and minority shareholder approval requirements of MI 61-101
contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101, as the Company is not listed on a
specified market and the fair market value of the transaction is not more than $2,500,000,
calculated in accordance with MI 61-101.
The Agreement and the transactions contemplated thereby was approved by the members of
the board of directors of the Company who are independent for the purposes of the transaction,
being all directors other than Mr. Gabirel Pindar. No special committee was established in
connection with the transaction, and no materially contrary view or abstention was expressed or
made by any director of the Company in relation thereto.
About Champion Electric Metals Inc.
Champion Electric is a discovery-focused exploration company with copper, gold, and cobalt
properties in Idaho, United States. The assets include the 100%-owned Champagne polymetallic
project in Butte County near Arco, Idaho and the Baner gold project in Idaho County (optioned
to Legacy Gold Mines Ltd, TSXV: LEGY). The Company also retains significant claims in the
Idaho Cobalt Belt. The Company’s shares trade on the CSE under the trading symbol “LTHM”,
on the OTC Markets under the trading symbol “CHELF”, and on the Frankfurt Stock Exchange
under the symbol “1QB0”.
Champion Electric strives to be a responsible environmental steward, stakeholder, and
contributing citizen to the local communities where it operates, taking its social license seriously,
employing local community members and service providers at its operations whenever possible.
ON BEHALF OF THE BOARD OF CHAMPION ELECTRIC
“Nicholas Konkin”
Nicholas Konkin, Interim President and CEO
To learn more, please visit the Company’s SEDAR profile at www.sedarplus.ca or the Company’s
corporate website at www.champem.com.
For further information, please contact:
Phone: (+1) 416-744-9998
Email: [email protected]
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY
SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY
STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.
Cautionary Statements
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the
adequacy or accuracy of this press release. This press release may include forward -looking information within the meaning of
Canadian securities legislation, concerning the business of the Company. Forward -looking information is based on certain key
expectations and assumptions made by management of the Company, including closing of the Transactions and the prospectivity of
the Projects for lithium. Although the Company believes that the expectations and assumptions on which such forward -looking
information is based on are reasonable, undue reliance should not be placed on the forward -looking information because the
Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are
made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward -looking
information, whether as a result of new information, future events or results or otherwise, other than as required by applicable
securities laws.
The Projects are at an early stage of exploration, and the Company cautions that the qualified persons who have reviewed and
approved this news release have not verified scientific or technical information produced by third parties.