Mr. Koby Kushner reports

LIBRA ANNOUNCES STRATEGIC INSTITUTIONAL FINANCING LED BY SIDEX AND NQ MINING INVESTMENT

Libra Energy Materials Inc. has arranged a strategic private placement of CMETC flow-through common shares for aggregate gross proceeds of $725,000. The offering is led by Quebec-based institutional investors SIDEX limited partnership and NQ Mining Investment.

The offering will consist of five million CMETC shares at a price of 14.5 cents per CMETC share. The CMETC shares issued under the offering will be subject to a statutory hold period of four months and one day from the closing date. A finder's fee will be payable in cash to certain arm's-length finders engaged in connection with the offering, subject to the approval of the CSE.

The gross proceeds will be used to incur Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act (Canada) on the company's Quebec projects, including the newly acquired flagship projects Cisco West and Obamska in the Eeyou Istchee James Bay region. The company will renounce these expenditures to subscribers with an effective date no later than Dec. 31, 2026. The CMETC FT shares will also qualify for the Canadian government's critical mineral exploration tax credit.

Closing of the offering is expected on or about Sept. 29, 2026, and remains subject to customary closing conditions, including receipt of all necessary regulatory approvals of the Canadian Securities Exchange. No insiders are expected to participate in the offering.

About Libra Energy Materials Inc.

Libra is a Canadian mineral exploration company focused on the discovery and development of the critical minerals necessary for the green energy transition. Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Quebec, located adjacent to Q2 Metals' Cisco deposit, the largest hardrock lithium deposit in the western hemisphere. Libra's Flanders North, Flanders South and SBC lithium projects in Ontario are being explored under a $33-million earn-in deal with Kobold Metals Co. In addition, Libra holds a broader portfolio of battery metal projects across Canada and Brazil. The Libra team comprises a mix of seasoned executives, engineers and geoscientists, with extensive experience in mining and mineral exploration, capital markets, asset management, energy, and first nations engagement.

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