Consolidated Lithium closes $3.44-million placement

Executive Summary

• Consolidated Lithium Metals Inc. has closed a non-brokered private placement of units, raising approximately $3.44 million in gross proceeds.
• The company issued over 57.3 million units at a price of $0.06 per unit, with net proceeds allocated to advancing lithium property exploration in Quebec and for general corporate purposes.
• The transaction involved significant finder fees and related party insider subscriptions, with the offering remaining subject to final TSX Venture Exchange acceptance.

Key Details

• Transaction Structure: Non-brokered private placement of units.
• Price: $0.06 per unit.
• Quantity Issued: 57,361,667 units.
• Gross Proceeds: Approximately $3,441,700.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms (Investors): Each warrant allows the purchase of one common share at $0.10 per share.
• Warrant Exercise Period: Commencing January 14, 2026, until November 14, 2028.
• Use of Proceeds: Advancing exploration of lithium properties in Quebec, working capital, and general corporate purposes.
• Finder Fees: Integrity Capital Group received $250,000 in cash fees.
• Finder Warrants: 4,000,000 finder warrants issued to Integrity Capital Group.
• Finder Warrant Terms: Entitles holder to purchase one common share at $0.10 per share until November 14, 2028.
• Hold Periods:
  • Units issued under the listed issuer financing exemption are not subject to a hold period.
  • Units issued under other exemptions under NI 45-106 are subject to a statutory four-month hold period.
  • Finder warrants and underlying shares are subject to a statutory four-month hold period.
• Related Party Transactions: Insiders subscribed for approximately $150,000 of units.
• Regulatory Status: The offering relied on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101. No change of control occurred.
• Exchange Approval: The offering is subject to final acceptance by the TSX Venture Exchange.