SPOD Lithium Announces Upsizing of its Private Placement

Executive Summary

• SPOD Lithium Corp. announced it will upsize its previously‑announced private placement to as many as 25 million units at $0.02 per unit, targeting gross proceeds of up to $500,000.
• Each unit consists of one common share and one warrant allowing the purchase of an additional share at $0.05 after a 24‑month term.
• Net proceeds are intended for general working capital; the first tranche is expected to close around October 21, 2025.

Key Details

• Offering Size: Up to 25,000,000 units (each unit = 1 common share + 1 warrant).
• Price per Unit: $0.02 → maximum gross proceeds of $500,000.
• Warrant Terms: One‑year‑later exercise price of $0.05 per additional share; exercisable after 24 months from closing.
• Use of Proceeds: General working capital purposes.
• Closing Timeline: First tranche anticipated on or about October 21, 2025, subject to customary conditions and CSE policies.
• Regulatory Framework: Offered to qualified purchasers under prospectus exemptions; securities subject to a statutory hold period of four months and one day.
• Related‑Party Participation: Directors/officers may acquire units as a “related party transaction” exempt from formal valuation and minority‑shareholder approval under MI 61‑101.
• Finder’s Fees: Company may pay eligible finders in compliance with securities laws and CSE policies.
• U.S. Restrictions: Units not registered under the U.S. Securities Act; cannot be offered or sold to U.S. persons absent exemption.

Notable Quotes

• “We are pleased to provide additional financing capacity to support SPOD’s growth initiatives,” said Mathieu Couillard, President, CEO & Director.