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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 “) broadcasts additional to its press launch dated October 22, 2025, the Firm intends to finish a non-brokered non-public placement (the ” Providing “) and amends the phrases of the Providing to a sale of as much as 66,666,666 models (every, a ” Unit “) of the Firm on the beforehand introduced value of $0.06 per Unit (the ” Providing Worth “) for gross proceeds to the Firm of as much as $4,000,000. Every Unit will consist of 1 frequent share within the capital of the Firm and one frequent share buy warrant (every, a ” Warrant “). Every Warrant will entitle the holder to buy one frequent share of the Firm at a value of $0.10 per frequent share and the Firm amends the train interval to 36 months commencing on the date that’s 60 days after the time limit. It’s anticipated that the closing of the Providing will happen on or about November 7, 2025.
Topic to compliance with relevant regulatory necessities and in accordance with Nationwide Instrument 45-106 – Prospectus Exemptions (” NI 45-106 “), the Models can be provided on the market to purchasers resident in Canada, besides Québec, pursuant to a number of of the next exemptions from the prospectus requirement below NI 45-106: (i) the listed issuer financing exemption below Half 5A of NI 45-106 (the ” Listed Issuer Financing Exemption “), as modified by and in reliance on the exemptions set out in Coordinated Blanket Order 45-935 – Exemptions from Sure Circumstances of the Listed Issuer Financing Exemption ; and (ii) different out there exemptions below NI 45-106.
Finder’s charges could also be paid to eligible finders in accordance with the insurance policies of the TSX Enterprise Alternate (the ” TSXV “) consisting of a money fee equal to as much as 8% of the gross proceeds raised below the Providing and finder warrants (” Finder Warrants “) in an quantity equal to as much as 8% of the variety of Models bought pursuant to the Providing. Every Finder Warrant will entitle the holder thereof to buy one frequent share of the Firm at a value of $0.10 per frequent share for a interval of 36 months. The Firm intends to make use of the online proceeds from the Providing to advance exploration exercise of the Firm’s lithium properties in Québec and for working capital and common company functions.
Completion of the Providing is topic to regulatory approvals, together with the TSXV.
Whereas particulars have but to be finalized, senior administration of the Firm and sure members of the Firm’s board of administrators, together with Richard Quesnel, Brett Lynch, and Rene Bharti, could take part within the Providing (the ” Insider Participation “). Insider Participation, if any, can be thought of to be a “associated celebration transaction” as outlined below Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions . Further data will comply with in a subsequent press launch as soon as particulars of the Insider Participation, if any, have been confirmed.
There may be an providing doc associated to the Providing that may be accessed below the Firm’s profile at www.sedarplus.ca and on the Firm’s web site at www.consolidatedlithium.com . Potential traders ought to learn this providing doc earlier than investing determination.
Extension of Exclusivity Interval of Letter of Intent with SOQUEM INC.
Additional to its press launch dated August 27, 2025, the Firm has prolonged the exclusivity interval of the non-binding letter of intent (” LOI “) with SOQUEM Inc., an entirely owned subsidiary of Investissement Québec, to November 14, 2025. Pursuant to the LOI (topic to completion of a number of circumstances precedent, together with the negotiation and execution of a definitive settlement respecting the proposed transaction), the Firm could purchase an choice to earn as much as an 80% curiosity within the Kwyjibo Uncommon Earth Mission, positioned 125 km northeast of the town of Sept-Îles, within the Côte-Nord area of Québec. For additional particulars on the LOI, please confer with the Firm’s press launch dated August 27, 2025, a duplicate of which is out there below the Firm’s SEDAR+ profile at www.sedarplus.ca.
U.S. Providing and No U.S. Registration
The Firm may additionally supply the Models on the market pursuant to exemptions from the prospectus requirement below Ontario Securities Fee Rule 72-503 – Distributions Exterior of Canada in the US (” U.S. “) pursuant to out there exemptions from the registration necessities of the United States Securities Act of 1933 , as amended, and in sure different jurisdictions exterior of Canada and the U.S. supplied it’s understood that no prospectus submitting or comparable obligation, ongoing reporting requirement or requisite regulatory or governmental approval arises in such different jurisdictions.
The securities described herein haven’t been, nor will they be, registered below the United States Securities Act of 1933 , as amended, and is probably not provided or bought within the U.S. or to, or for the account or good thing about, 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 by which such supply, solicitation or sale can be illegal.
About Consolidated Lithium Metals
CLM is a Canadian junior mining exploration firm buying and selling below the image “CLM” on the TSX Enterprise Alternate and “Z36” on the Frankfurt Inventory Alternate. The Firm is targeted on the exploration and growth of essential mineral tasks in secure jurisdictions. The Firm is dedicated to supporting the power transition by way of the accountable growth of essential mineral provide chains.
Further data 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 Data, Contact:
Rene Bharti
Vice President Corp. Dev.
Electronic mail: information@consolidatedlithium.com
Telephone: +1 (647) 965 2173
Web site: www.consolidatedlithium.com
Advisors: Wildeboer Dellelce LLP is appearing as authorized counsel for CLM in respect of the Providing.
Cautionary Assertion on Ahead-Trying Data
This information launch comprises “forward-looking data”, which can embrace, however isn’t restricted to, statements with respect to anticipated enterprise plans or methods, together with the Providing, regulatory and TSXV approvals of the Providing, the usage of proceeds of the Providing, Insider Participation, if any, and the proposed transaction with SOQUEM Inc . Typically, however not at all times, forward-looking statements could be recognized by way of phrases comparable to “plans”, “expects”, “is predicted”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with detrimental 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 components which can trigger the precise outcomes, efficiency or achievements of CLM to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with dangers associated to: regulatory approvals, comparable to approval of the TSXV of the Providing; common enterprise, financial, aggressive, political, social, and market circumstances; accidents, labour disputes and shortages; and different dangers of the mining business. 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 data, 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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