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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Consolidated Lithium Metals Inc. (TSXV: CLM,OTC:JORFF) (FRA: Z36) (” CLM ” or the ” Firm “) is happy to announce that’s closed its beforehand introduced non-brokered personal placement (the ” Providing “) of models (the ” Items “) at a worth of $0.06 per Unit. The Firm issued a complete 57,361,667 Items for mixture gross proceeds of roughly $3,441,700.
Every Unit includes one frequent share within the capital of the Firm and one frequent share buy warrant (every, a ” Warrant “). Every Warrant entitles the holder to buy one frequent share of the Firm at a worth of $0.10 per share commencing on January 14, 2026 till November 14, 2028.
The Items distributed in reference to the Providing had been issued and bought pursuant to the “Listed Issuer Financing Exemption” out there underneath Half 5A of Nationwide Instrument 45-106 – Prospectus Exemptions (” NI 45-106 “) and different exemptions underneath 45-106. All Items issued underneath the Listed Issuer Exemption aren’t topic to a maintain interval pursuant to relevant Canadian securities legal guidelines and all Items issued underneath different exemptions underneath NI 45-106 are topic to a statutory four-month maintain interval pursuant to relevant Canadian securities legal guidelines.
In reference to the Providing, the Firm paid Integrity Capital Group finder charges equal to $250,000 and issued a complete of 4,000,000 finder warrants (” Finder Warrants “). Every Finder Warrant entitles the holder thereof to buy one frequent share of the Firm at a worth of $0.10 per frequent share till November 14, 2028. The Finder’s Warrants and customary shares issuable upon train of the Finder’s Warrants, are topic to a statutory four-month maintain interval pursuant to relevant Canadian securities legal guidelines.
The web proceeds from the sale of the Items will likely be used to advance exploration exercise of the Firm’s lithium properties in Québec and for working capital and normal company functions, as extra notably described within the Firm’s providing doc underneath the Firm’s profile at www.sedarplus.ca .
The Providing stays topic to the ultimate acceptance of the TSX Enterprise Change.
Associated Occasion Disclosure
Sure insiders of the Firm subscribed for a complete of roughly $150,000 Items. The participation by insiders constitutes “associated social gathering transactions” throughout the which means of Multilateral Instrument 61-101 – Safety of Minority Shareholders in Particular Transactions (” MI 61-101 “). The Firm has relied on relevant exemptions from the formal valuation and minority approval necessities in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. No new insiders had been created, nor has there been any change of management, because of the Providing. The Firm didn’t file a fabric change report with respect to the insider participation greater than 21 days earlier than the anticipated closing of the Providing, as the small print and quantities of the insider participation weren’t finalized till nearer to the closing and the Firm wished to shut the transaction as quickly as practicable for sound enterprise causes.
The securities described herein haven’t been, nor will they be, registered underneath the United States Securities Act of 1933 , as amended, and is probably not supplied or bought within the U.S. or to, or for the account or advantage of, U.S. individuals absent registration or an relevant exemption from the registration necessities. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the securities in any State wherein such provide, solicitation or sale could be illegal.
About Consolidated Lithium Metals
CLM is a Canadian junior mining exploration firm buying and selling underneath the image “CLM” on the TSX Enterprise Change and “Z36” on the Frankfurt Inventory Change. The Firm is targeted on the exploration and improvement of essential mineral initiatives in secure jurisdictions. The Firm is dedicated to supporting the power transition via the accountable improvement of essential mineral provide chains.
Extra info on CLM could be discovered on its web site at: www.consolidatedlithium.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca .
For Additional Info, Contact:
Rene Bharti
Vice President Corp. Dev.
E mail: information@consolidatedlithium.com
Cellphone: +1 (647) 965 2173
Web site: www.consolidatedlithium.com
Advisors: Wildeboer Dellelce LLP acted as authorized counsel for CLM in respect of the Providing.
Cautionary Assertion on Ahead-Wanting Info
This information launch accommodates “forward-looking info”, which can embrace, however shouldn’t be restricted to, statements with respect to anticipated enterprise plans or methods, together with the Providing, regulatory and last TSXV approvals of the Providing and the meant use of proceeds of the Providing. Usually, however not at all times, forward-looking statements could be recognized by way of phrases equivalent to “plans”, “expects”, “is anticipated”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with unfavourable variations) of such phrases and phrases, or state that sure actions, occasions or outcomes “could”, “may”, “would”, “may” or “will” be taken, happen or be achieved. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of CLM to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with dangers associated to: regulatory approvals, equivalent to approval of the TSXV of the Providing; normal enterprise, financial, aggressive, political, social, and market circumstances; accidents, labour disputes and shortages; and different dangers of the mining trade. Ahead-looking statements contained herein are made as of the date of this press launch and CLM disclaims, apart from as required by legislation, any obligation to replace any forward-looking statements whether or not because of new info, outcomes, future occasions, circumstances, or if administration’s estimates or opinions ought to change, or in any other case. There could be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, the reader is cautioned to not place undue reliance on forward-looking statements.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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