Lithium Ionic arranges $10-million private placement

Executive Summary

• Lithium Ionic Corp. announced a $10 million non‑brokered private placement of 14,285,714 units at $0.70 per unit.
• The offering is backed by industry veteran Martin Rowley and strategic investors RTEK International DMCC plus other key shareholders, underscoring strong support for the company’s growth in Brazil’s “Lithium Valley.”
• Net proceeds will be used to fund exploration and development of Lithium Ionic’s Brazilian properties and for general corporate purposes; closing is expected around September 29, 2025, subject to TSX‑V approvals.

Key Details

• Units offered: 14,285,714 units @ $0.70 per unit → gross proceeds of $10 million.
• Unit composition: each unit = 1 common share + 1 common share purchase warrant.
• Warrant terms: right to purchase one additional common share at an exercise price of $0.90 per share, exercisable for 24 months after the offering’s completion.
• Holding period: securities subject to a lock‑up of four months and one day from issuance, as required by applicable securities laws.
• Backers:
• Martin Rowley – former co‑founder of First Quantum Minerals; former chair of Galaxy Resources, Orocobre Ltd., Allkem Ltd.; current non‑executive chair/director of Forsys Metals.
• RTEK International DMCC – strategic adviser since April 2025; team includes Brian Talbot, Nicholas Rowley, Noel O’Brien, Rodrigo Roso with >80 years combined lithium experience.
• Use of proceeds: exploration and development of Brazilian properties (Itinga and Salinas projects) and general corporate purposes.
• Closing date: on or about September 29, 2025, subject to receipt of all required approvals, including TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)