Lithium Chile increases LIFE offering to $6.5-million

Executive Summary

• Lithium Chile Inc. announced an amendment to its best‑effort private placement, increasing the offering size to up to 13 million units for a maximum of $6.5 million in gross proceeds.
• The agents have been granted an option to sell an additional 1.95 million units (up to $975,000) at the same price prior to closing.
• Net proceeds will be used to advance existing lithium projects in Argentina and Chile, as well as for general & administrative expenses and working capital.

Key Details

• Offering Size: Up to 13 million units @ C$0.50 per unit → gross proceeds up to $6.5 M.
• Agent Option: Right to sell up to 1.95 million additional units at the same price → additional gross proceeds up to $975,000.
• Unit Composition: Each unit = 1 common share + 1 common‑share purchase warrant.
• Warrant Terms: One share purchasable at C$0.70 per warrant for a period of 5 years after closing.
• Lead Agent / Bookrunner: Canaccord Genuity Corp.; also Moneta Securities Inc.
• Exemptions Used: Listed issuer financing exemption (NI 45‑106 Part 5A) in all Canadian provinces except Quebec; U.S. and other jurisdictions via applicable private‑placement exemptions.
• Closing Expectation: On or about Oct. 7, 2025, subject to regulatory approvals including TSX Venture Exchange consent.
• Use of Proceeds: Advance mineral properties in Argentina & Chile, fund general & administrative expenses, and provide working capital.
• Documentation: Amended and restated offering document dated Sept. 18 2025 available on SEDAR+ and company website.

Notable Quotes

(No executive quotes were included in the release.)