Beyond Lithium closes $429,950 private placement

Executive Summary

• Beyond Lithium Inc. completed a non-brokered private placement of 10,748,750 flow-through units at $0.04 per unit, raising $429,950 in gross proceeds.
• The company received full approval for its Owl Creek mineral claim application in British Columbia after a four-month consultation process.
• The company granted 280,714 restricted share units (RSUs) to a consultant, with vesting scheduled over 2025 and 2026.

Key Details

• Financing Structure:
  • Units Sold: 10,748,750 flow-through units.
  • Price: $0.04 per unit.
  • Gross Proceeds: $429,950.
  • Composition: Each unit consists of one common share (qualifying as a flow-through share under Subsection 66(15) of the Income Tax Act (Canada)) and one-half of one common share purchase warrant.
  • Warrant Terms: Each warrant entitles the holder to purchase one non-flow-through common share at an exercise price of $0.10 per share. Warrants are exercisable for 24 months from issuance.
  • Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures (and B.C. flow-through mining expenditures for B.C. investors). Qualifying expenditures will be renounced to subscribers effective Dec. 31, 2025.
• Finder’s Fees:
  • Cash Commissions: $30,096.50 paid to eligible third parties (7% of proceeds from introduced subscribers).
  • Broker Warrants: 752,413 non-transferable broker warrants issued (7% of units sold). These are exercisable at $0.04 per share for 24 months.
• Owl Creek Project Update:
  • Status: Mineral claim fully approved as of Dec. 2, 2025.
  • Location: Approximately 1,566 hectares in southwestern British Columbia, ~8 km northeast of Pemberton.
  • Geology: Located within the regional Cascade magmatic arc, known for significant porphyry deposits for copper-molybdenum and copper-gold mineralization associated with Miocene intrusions.
  • Access: Benefits from upgraded logging roads.
• Restricted Share Unit (RSU) Grant:
  • Total RSUs: 280,714 granted to a consultant pursuant to a consulting agreement dated Feb. 1, 2025.
  • Vesting Schedule:
    • 137,678 vested immediately.
    • 70,178 vest on Feb. 1, 2026.
    • 51,429 vest on May 1, 2026.
    • 21,429 vest on Aug. 1, 2026.
  • Settlement: Each RSU entitles the holder to one common share upon vesting.
• Regulatory/Compliance:
  • Securities issued are subject to a four-month hold period.
  • Technical data reviewed by Lawrence Tsang, PGeo, Vice-President, Exploration (Qualified Person under NI 43-101).

Notable Quotes

• "The company is very pleased to raise this capital and thanks all participants. These funds will enable us to further explore our three properties with the intent to move them all to drilling status. Our goal is to increase shareholder value through discovery. We wish all the best of the season to all our friends and shareholders." — Allan Frame, President and CEO