Consolidated Lithium increases financing to $4-million

Executive Summary

• Consolidated Lithium Metals Inc. has amended the terms of a previously announced non-brokered private placement, increasing the size of the offering to 66,666,666 units at $0.06 per unit for gross proceeds of up to $4 million.
• The company has extended the exclusivity period of its non-binding Letter of Intent (LOI) with SOQUEM Inc. to November 14, 2025, regarding the potential acquisition of an option to earn up to an 80% interest in the Kwyjibo rare earth project.
• The private placement includes warrants exercisable at $0.10 per share for 36 months, with net proceeds designated for lithium property exploration in Quebec, working capital, and general corporate purposes.

Key Details

• Financing Structure:
  • Type: Non-brokered private placement.
  • Units: Up to 66,666,666 units.
  • Price: $0.06 per unit.
  • Gross Proceeds: Up to $4,000,000.
  • Composition: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Each warrant allows the purchase of one common share at an exercise price of $0.10.
  • Warrant Expiry: 36 months, commencing 60 days after the closing date.
  • Closing Date: Anticipated on or about November 7, 2025.
  • Use of Proceeds: Advancing exploration of lithium properties in Quebec, working capital, and general corporate purposes.
• Finder’s Fees:
  • Cash commission of up to 8% of gross proceeds.
  • Finders' warrants equal to up to 8% of the number of units sold, exercisable at $0.10 per share for 36 months.
• Regulatory & Exemptions:
  • Offered to purchasers resident in Canada (except Quebec) under NI 45-106 exemptions (Listed Issuer Financing and others).
  • Subject to TSX Venture Exchange approval.
  • U.S. distribution via exemptions from registration under the U.S. Securities Act of 1933.
• Insider Participation:
  • Senior management and board members (Richard Quesnel, Brett Lynch, Rene Bharti) may participate.
  • Any insider participation will be treated as a related party transaction under Multilateral Instrument 61-101.
  • Specific details of insider participation to be disclosed in a subsequent release.
• M&A Update (SOQUEM):
  • Counterparty: SOQUEM Inc. (wholly owned subsidiary of Investissement Quebec).
  • Action: Extension of exclusivity period for the non-binding LOI.
  • New Deadline: November 14, 2025.
  • Target Asset: Option to earn up to an 80% interest in the Kwyjibo rare earth project.
  • Location: 125 km northeast of Sept-Iles, Côte-Nord region, Quebec.
  • Status: Subject to conditions precedent, including negotiation and execution of a definitive agreement.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.