08:18 AM EDT, 07/04/2025 (MT Newswires) -- Consolidated Lithium Metals ( JORFF ) on Friday announced the start of its summer 2025 exploration campaign at its Preissac project with the successful exposure of an 18-meter-wide pegmatite body, confirming the presence of promising mineralized structures at surface.

It also closed its previously announced non-brokered private placement of units at $0.01 apiece for proceeds of up to $300,000.

As part of the exploration program, the company said a trench measuring 100 meters in length, and 30 meters in width has been excavated in the area of a previously identified lithium (Li) soil anomaly. Following the excavation, a channel sampling program was completed with 25 channel samples being collected, prepared, and logged in detail.

The company added that all samples were sent to Impact Global Solutions for analysis. Several previous Li showings were soil/bio-sampled again along lines across the predicted strike of the pegmatites related to the anomalies.

"Additional trenching is expected to follow to investigate the soil anomalies identified in previous surveys," said Consolidated Lithium Metals ( JORFF ) Vice President of Exploration Dr. Andreas Rompel.

Shares of the company doubled to $0.010 on Thursday on the TSX Venture Exchange.