Cygnus Metals Limited announced that it will acquire the Sakami Project and additional ground surrounding the Auclair Project from Canadian Mining House. Both projects are located in the world-class James Bay lithium province and consolidate Cygnus as one of the major lithium explorers in Quebec. Both projects boast excellent infrastructure with year-round access through gravel roads.

The Sakami Project is comprised of 231 claims covering 118km2 and is located in the La Grande greenstone belt, just 44km west of Patriot Battery Metals' Corvette Project which hosts the outstanding CV5 discovery. Sakami is also directly adjacent to Winsome Resources' Cancet Project, another significant discovery in this new and previously unrecognised lithium province. As a result, Sakami remains largely underexplored with very little work completed to date.

The only drilling undertaken on the property was for gold and base metals in 1976, comprising 5 diamond drill holes. No specifically targeted lithium exploration has been recorded on the project. The additional ground acquired surrounding the Auclair Project is comprised of 589 claims and consolidates the Auclair Project to cover a total of 337km2.

The new ground immediately adjacent to and surrounds the original Auclair Project, where recent reviews of drill logs and available core has confirmed an unsampled 11.0m of spodumene bearing pegmatite. This presents Cygnus with an exceptional opportunity to conduct the first ever lithium focussed exploration at the expanded Auclair Project, with known spodumene bearing pegmatites which have never been assayed, let alone followed up with any focussed lithium exploration activities.