Comet Lithium Corp.

Comet Lithium 300x200

Primary ticker: TSXV:CLIC
Stage of development: Exploration
Primary minerals: Lithium, Gold & Copper
Project to promote: Liberty and Troilus East
Project location: Canada
Website: cometlithium.com

Comet is a focused exploration company active in the prolific James Bay District of Québec. Comet’s flagship asset is its 100%-owned Liberty Property contiguous to Winsome Resources’ Adina lithium deposit, a growing high-grade lithium discovery. The second prospective asset within Comet’s portfolio of asset is the large Troilus East Property contiguous to Troilus Gold’s Troilus deposit, a large multi million-ounce gold-copper deposit, which recently reached feasibility stage.

Cash: CAD 1.1M
Debt: NIL

Major shareholders:
Nomad RP – 10%
SIDEX – 7%
FTQ – 3%
HNW – ~30%
Management Ownership – 15%

Financials

Management Profile

Vincent Metcalfe – President and Chief Executive Officer
Vincent Metcalfe is an accomplished executive with domestic and international experience in the metals and mining sector. Mr. Metcalfe was one of the founders and was the CEO and Chair of the Nomad Royalty Company which was acquired by Sandstorm in August 2022. Prior to his involvement with Nomad Royalty Company, Mr. Metcalfe held a number of officer and senior executive roles with Toronto Stock Exchange and New York Stock Exchange listed resource companies within the Osisko group of companies. As an executive, he helped several companies advance and develop mining projects. He has extensive shareholder relations and proven experience in capital raising, mergers & acquisitions and financial engineering. Prior to his executive roles, he advised resource clients, in both mergers & acquisitions advisory and financing at large Canadian investment banks for nearly 10 years. In 2023, Vincent was awarded with the YMP Peter Munk award, which recognizes a young mining professional, who over the past year, and during their careers, have demonstrated exceptional leadership skills and innovative thinking to provide value for their companies and shareholders. Mr. Metcalfe is a partner with Nomad Resource Partners.

What is your rationale for taking part in 121 Mining Investment?

Results coming from Troilus East summer program. At Liberty, Winsome and Rio Tinto are advancing the neighboring projects and advancing the recent discoveries.

Looking for market support, potential positioning for future financings.

What recent news would you like to highlight to investors attending?

October News from Property – Key results include 4.82 g/t gold over 4.5 metres in channel sampling.

September News on Troilus – Completed large prospecting and till-sampling program on over 25km strike lenght – results are pending.

August News on Liberty Property – Assays reveal strong potential for LCT bearing pegmatites Stardust Dyke identified in southeast.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Results from Troilus East extensive program

6 Months:
Advancing Liberty – post results from neighboring projects – both discoveries to East and South are less than 2km from property.

12 Months:
Advancing projects, looking for addional projects to add. Will monetize third and fourth priority assets.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Geological risk is always there. Financing environment, however, this is improving greatly.

What do you think makes your company such a compelling investment?

Great management, good portfolio of properties with significant potential for discoveries.

What are the top 3 key investor takeaways?

Troilus East = potential for discoveries, Liberty = growth coming, great management team.