Lithium Chile Announces Closing of $7,975,000 Life Offering

Executive Summary

• Lithium Chile closed a brokered private placement of 15,950,000 units at $0.50 per unit, raising gross proceeds of $7.975 million.
• Each unit consists of one common share and one common‑share purchase warrant exercisable at $0.70 for five years.
• The offering included an 8% cash commission to agents and the issuance of 1,142,000 broker warrants (price $0.50, exercisable for 24 months).

Key Details

• Units Issued: 15,950,000 units @ $0.50 each → $7,975,000 gross proceeds.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.70 per share, five‑year term).
• Agent Compensation:
• Cash commission – 8.0% of gross proceeds (4.0% on “president’s list” sales).
• Broker warrants – 1,142,000 broker warrants representing 8.0% of units issued (4.0% for president’s‑list sales); each warrant allows purchase of one common share at $0.50, exercisable for 24 months, subject to a statutory hold period of 4 months + 1 day.
• Insider Participation: Insiders subscribed for 200,000 units → $100,000 gross proceeds; treated as a related‑party transaction under TSX‑V Policy 5.9 and MI 61‑101 exemptions.
• Use of Proceeds: To advance existing mineral properties in Argentina and Chile, fund general & administrative expenses, and provide working capital (as outlined in the amended offering document dated September 24 2025).
• Regulatory Conditions: Closing subject to receipt of all required regulatory approvals, including final TSX‑V approval. Units are freely tradeable for Canadian purchasers under the listed issuer financing exemption (NI 45‑106).

Notable Quotes

“We are pleased to close this well‑supported Offering, which provides important capital to advance our high‑potential projects and create long‑term value for our shareholders.” – Steven Cochrane, President & CEO

Materiality Assessment: Material – Positive (significant capital raise expected to fund growth initiatives).