Shares of Omnia Metals (ASX:OM1) saw an uptick of up to 3.7% to A$0.084 following the announcement securing a drilling contractor for its Lac des Montagnes Lithium Project in Canada.

The drilling campaign is characterized as the first step in drill testing all high-priority targets over the project, according to company statements.

However, despite the day’s gains, Omnia Metals (ASX:OM1) appears set for a fifth consecutive week of losses, marking a ~7% decrease in value thus far.

As of the latest trading session, 334,336 shares changed hands, a significant rise compared to the 30-day average of 296,299.

The stock is currently down 47.5% year to date.

Omnia Metals (ASX:OM1) is a company engaged in various metal-related projects.