Consolidated Lithium arranges $2.5-million financing

Executive Summary

• Consolidated Lithium Metals Inc. announced a best efforts, non-brokered private placement financing of up to $2.5 million.
• The offering consists of up to 41,666,666 units priced at $0.06 per unit, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds are intended for working capital and general corporate purposes, with closing expected around November 7, 2025, subject to TSX Venture Exchange approval.

Key Details

• Financing Structure: Best efforts, non-brokered private placement.
• Gross Proceeds: Up to $2,500,000.
• Units Offered: Up to 41,666,666 units.
• Price Per Unit: $0.06.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.10 per share.
  • Duration: 24 months from issuance.
  • Ratio: One warrant per unit (entitling holder to acquire one additional common share).
• Statutory Hold Period: Four months and one day for all securities issued.
• Closing Date: Expected on or about November 7, 2025.
• Conditions Precedent: Includes receipt of TSX Venture Exchange approval.
• Use of Proceeds: Solely for working capital and general corporate purposes.
• Finder’s Fees:
  • Cash Commission: Up to 7% of gross proceeds.
  • Finders' Warrants: Up to 7% of the number of units sold.
  • Finder's Warrant Terms: Exercise price of $0.10 per share for a period of 24 months following closing.
• Insider Participation: Senior management and board members (including Richard Quesnel, Brett Lynch, and Rene Bharti) may participate; details to be confirmed in a subsequent release.

Notable Quotes

• None provided in the text.