Lithium Chile further increases LIFE offering to $7M

Executive Summary

• Lithium Chile Inc. has amended its best‑effort private placement, increasing the offering to up to 14 million units at $0.50 per unit for gross proceeds of up to $7 million.
• An over‑allotment option allows agents to sell an additional 1.95 million units for up to $975 k more, potentially raising total proceeds to $7.975 million.
• Net proceeds will be used to advance existing mineral properties in Argentina and Chile, as well as for general & administrative expenses and working capital.

Key Details

• Units offered: Up to 14 million units (each unit = 1 common share + 1 common share purchase warrant).
• Price per unit: $0.50 CAD.
• Gross proceeds target: Up to $7 million CAD; over‑allotment option adds up to $975,000 CAD.
• Warrant terms: Each warrant allows purchase of one additional common share at $0.70 per share for five years post‑closing.
• Agents: Canaccord Genuity Corp. (lead agent & sole bookrunner) and Moneta Securities Inc.
• Exemptions: Offered under the listed issuer financing exemption (NI 45‑106 Part 5A) in all Canadian provinces except Quebec; also available to U.S. investors under applicable exemptions and in other qualifying jurisdictions on a private‑placement basis.
• Closing date: Expected on or about Oct. 7, 2025, subject to regulatory approvals including TSX‑V.
• Use of proceeds: Advancement of mineral properties in Argentina and Chile; general & administrative expenses; working capital.

Notable Quotes

(No direct quotes were provided in the release.)