Libra Energy Materials CEO Koby Kushner joined Steve Darling from the Vancouver Resources Investment Conference to share news about the company’s unconventional strategy and rapid progress in lithium exploration.
Kushner shared that the company was founded in 2023 during a downturn in the lithium market, but instead of pulling back, Libra doubled down on grassroots exploration. “We had no choice but to make new lithium discoveries,” he said, noting that Libra achieved more discoveries per dollar raised than most peers.
A major milestone was winning Discovery of the Year for identifying a new spodumene camp in Ontario. The company also secured a $33 million exploration funding deal with Bill Gates–backed KoBold Metals. “To my knowledge, we’re one of only two public companies with a deal in place with them,” Kushner added.
To fuel its counter-cyclical strategy, Libra went public in 2025 and rapidly grew its portfolio from 6 to 37 lithium projects—while maintaining less than 10% dilution. The company has since expanded into Brazil and doubled down in Quebec.
Now, with lithium prices rebounding, Kushner said 2026 will mark Libra’s first drill program on a 100%-owned asset. He emphasized the untapped potential in grassroots lithium exploration, contrasting it with maturing copper discovery trends.
Watch the full interview to hear why Kushner believes lithium still holds major upside.
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