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Financings

Lion One Announces Further Upsize of LIFE Offering for Gross Proceeds of up to $25 Million

By The Northwire Desk — AI Analysis Oct 07, 2025 · 19:50 LIO · 0.305 Lion One Metals Limited
LIO · Price

Executive Summary

  • Lion One Metals announced an upsizing of its LIFE Offering to a total gross proceeds target of $25 million (up from $20 million).
  • The offering will consist of up to 78,125,000 units at $0.32 per unit, each unit comprising one common share and one warrant exercisable at $0.42 for three years.
  • Net proceeds are earmarked for development of the 100% owned Tuvatu Gold Project in Fiji, repayment of a loan facility with Nebari, and general working capital.

Key Details

  • Upsized Offering Size: Gross proceeds increased from $20 M to $25 M.
  • Units Offered: Up to 78,125,000 units at an issue price of $0.32 per unit.
  • Unit Composition: 1 common share + 1 warrant (exercise price $0.42, three‑year term).
  • Previous Tranches:
  • First tranche closed on Sep 24 2025 for $18,715,153, issuing 58,484,853 units plus 984,375 units issued in lieu of a $315,000 finder’s fee.
  • Second tranche expected to close around Oct 15 2025, up to $5,969,847.04 (≈18,655,772 additional units).
  • Use of Proceeds:
  • Development of the fully permitted Tuvatu Gold Project (high‑grade underground mine, pilot plant, assay lab).
  • Repayment of principal and interest on loan facility with Nebari.
  • Working capital needs.
  • Finder’s Fees: Cash commissions up to 7 % of gross proceeds and finder warrants up to 7 % of units sold; finder warrants exercisable at $0.32 for 24 months.
  • Closing Conditions: Subject to customary conditions, TSX‑V listing approvals, and compliance with Canadian securities laws (no resale restrictions).
  • Documentation: Second Amended Offering Document available on the company’s profile at www.sedarplus.ca and https://liononemetals.com.

Notable Quotes

(No direct quotes from executives were included in the release.)

Read the original news release →

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