Toronto, Ontario--(Newsfile Corp. - October 14, 2024) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company") applauds the recently announced $6.7 billion acquisition Arcadium Lithium by Rio Tinto.

This acquisition demonstrates that Rio Tinto is fully committed to the future demand for lithium, and Champion Electric expects continued value creation and investment interest in Quebec.

Jonathan Buick, President and CEO, commented: "The Rio acquisition of Arcadium positions Rio as a top-three producer of EV metals and highlights Quebec as a key jurisdiction for the energy transition. We believe that investment interest in Quebec will remain strong, and that value creation will stay attractive among exploration companies that have made significant discoveries. We continue to advance our exploration and drilling efforts and are confident in delivering rewards to our shareholders."

Exploration in James Bay, Quebec
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