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Financings

Lithium Ionic increases private placement to $15M

By The Northwire Desk — AI Analysis Sep 25, 2025 · 19:33 LTH · 0.87 Lithium Ionic Corp.
LTH · Price

Executive Summary

  • Lithium Ionic Corp. upsized its previously announced non‑brokered private placement to a maximum of $15 million, issuing up to 21,428,571 units at $0.70 per unit.
  • Each unit includes one common share and one warrant to purchase an additional share at $0.90 for 24 months after the offering’s completion; securities will carry a four‑month hold period.
  • Net proceeds are earmarked for exploration and development of the company’s Brazilian lithium properties and general corporate purposes, with the first tranche expected to close around September 29, 2025 pending regulatory approvals.

Key Details

  • Upsized Offering Size: Up to $15 million gross proceeds (previously smaller).
  • Units Offered: Up to 21,428,571 units at $0.70 per unit.
  • Unit Composition: One common share + one common share purchase warrant.
  • Warrant Terms: Right to buy one additional common share at an exercise price of $0.90; exercisable for 24 months after the offering’s completion.
  • Hold Period: Securities subject to a four‑month and one‑day hold period as required by securities laws.
  • Use of Proceeds: Exploration and development of Brazilian lithium properties (Itinga and Salinas projects) and general corporate purposes.
  • Closing Timeline: First tranche scheduled to close on or about September 29, 2025, subject to approvals including TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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