Lithium Ionic closes $12.84M first tranche placement

Executive Summary

• Lithium Ionic Corp. closed the first tranche of its oversubscribed non‑brokered private placement, raising $12.85 M from 18,350,141 units at $0.70 per unit.
• The offering has been upsized to a total of up to 26,080,141 units for gross proceeds of up to $18.26 M, with the final tranche expected to close around Oct. 3, 2025.
• Proceeds will be used to develop Brazilian lithium properties and for general corporate purposes; each unit includes one common share and a warrant exercisable at $0.90 per share for 24 months.

Key Details

• First Tranche: 18,350,141 units @ $0.70/unit → gross proceeds $12,845,098 (closed).
• Upsized Offering: Up to 26,080,141 units @ $0.70/unit → maximum gross proceeds $18,256,099.
• Closing Timeline: Books closed on upsized offering; final tranche expected on or about Oct. 3, 2025.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Exercise price $0.90 per share; exercisable for 24 months from issuance date.
• Backers: Martin Rowley (lithium industry leader), members of RTEK International DMCC, and other strategic shareholders.
• Use of Proceeds: Development of Brazilian lithium properties and general corporate purposes.
• Hold Period: Securities subject to a four‑month hold period under applicable securities laws.
• Regulatory Conditions: Closing contingent on required approvals, including TSX Venture Exchange approval.
• Insider Participation: Insiders expected to acquire 912,179 units; transaction qualifies as a related‑party transaction but is anticipated to be exempt from formal valuation and minority shareholder approval under MI 61‑101 because the consideration does not exceed 25 % of market cap.

Notable Quotes

(No direct quotes were provided in the release.)