Lion One Announces Formation of Special Committee and Responds to Request for Shareholder Meeting
Lion One Announces Formation of Special
Committee and Responds to Request for
Shareholder Meeting
North Vancouver, British Columbia--(Newsfile Corp. - March 30, 2026) -
The Board of Directors of
Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF)
("Lion One" or the "Company"), in
conjunction with a newly formed special committee (the "
Special Committee
") announced today that,
with the assistance of its professional advisors, it has determined that the request for a shareholder
meeting dated March 9, 2026 (the "
Request
") does not constitute a valid shareholder requisition and
cannot be acted on.
Accordingly, the Company will not be calling a meeting of shareholders in response
the Request.
The Special Committee of independent directors was formed to, among other things, respond to the
Request, as well as oversee a strategic process to identify, examine and consider a range of strategic
alternatives available to the Company in order to maximize shareholder value.
As it has in the past, the Company welcomes the perspectives of its shareholders and looks forward to
an ongoing dialogue through the special committee. The special committee, board and management
team will continue to prioritize good governance and perform their duties in the best interest of the
Company.
About Lion One Metals Limited
Lion One is an emerging Canadian gold producer headquartered in North Vancouver BC, with new
operations established in late 2023 at its 100% owned Tuvatu Alkaline Gold Project in Fiji. The Tuvatu
project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot
Plant, Tailings Storage Facility, and Assay Lab. The Company also has an extensive exploration license
covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective
exploration targets.
On behalf of the Board of Directors,
Campbell Olsen, Chief Executive Officer
Contact Information
Email:
Phone: 1-855-805-1250 (toll free North America)
Website:
www.liononemetals.com
Neither the TSX-V nor its Regulation Service Provider accepts responsibility or the adequacy or
accuracy of this release
This press release may contain statements that may be deemed to be "forward-looking statements"
within the meaning of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein are forward-looking information. Generally, forward-
looking information may be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words
and phrases, or by the use of words or phrases which state that certain actions, events or results may,
could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals
Limited's current beliefs and is based on information currently available to Lion One Metals Limited
and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include,
but are not limited to, the actual results of exploration projects being equivalent to or better than
estimated results in technical reports, assessment reports, and other geological reports or prior
exploration results. Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance, or achievements of
Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied
by such forward-looking information. Such risks and other factors may include, but are not limited to:
the stage development of Lion One Metals Limited, general business, economic, competitive,
political and social uncertainties; the actual results of current research and development or
operational activities; competition; uncertainty as to patent applications and intellectual property
rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals;
changes in legislation, including environmental legislation, affecting mining, timing and availability of
external financing on acceptable terms; not realizing on the potential benefits of technology;
conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals.
Although Lion One Metals Limited has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should
not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake
to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/290565