Northwire Canada EditionWednesday, July 15, 2026
Northwire
MASS 0.090 +0.0% NTH 0.165 +0.0% LIF 26.66 −2.0% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.31 −1.8% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0% COSA 0.600 −3.2% DML 4.36 −2.2% MTT 0.145 −3.3% MASS 0.090 +0.0% NTH 0.165 +0.0% LIF 26.66 −2.0% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.31 −1.8% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0% COSA 0.600 −3.2% DML 4.36 −2.2% MTT 0.145 −3.3%
Financings

Century Lithium increases financing to $7-million

LCE · Price

Executive Summary

  • Century Lithium Corp. has upsized its brokered private placement financing from C$5 million to C$7 million due to strong investor demand.
  • The offering consists of 14,893,617 units priced at C$0.47 per unit, with each unit comprising one common share and one share purchase warrant.
  • Net proceeds will be used primarily for technical and permitting work on the Angel Island lithium project in Nevada, as well as for continuing operations and general working capital.

Key Details

  • Financing Structure: Brokered private placement upsized to C$7,000,000.
  • Units Issued: 14,893,617 units.
  • Price: C$0.47 per unit.
  • Warrant Terms (Investors): Each unit includes one share purchase warrant entitling the holder to acquire one additional share at C$0.65 per share for a period of five years from closing.
  • Agent Commission: Cash commission of 7.0% of gross proceeds.
  • Agent Warrants: Non-transferable warrants representing 3.0% of the aggregate number of units sold, exercisable at C$0.65 per share for five years from closing.
  • Regulatory Exemptions: Listed issuer financing exemption under Part 5A of National Instrument 45-106 (Canada, except Quebec); Rule 506(b) of Regulation D (US); and offshore exemptions.
  • Resale Restrictions: Units issued to Canadian residents are not subject to resale restrictions. US and offshore offerings may have resale restrictions.
  • Use of Proceeds: Next phase of technical and permitting work on the Angel Island lithium project (Esmeralda County, Nevada), supporting continuing operations, and financing general working capital needs.
  • Closing Date: Expected on or about March 16, 2026, or within 45 days of the release date.
  • Agents: A.G.P. Canada Investments ULC (sole agent and bookrunner) and A.G.P./Alliance Global Partners (sole U.S. placement agent).
  • Conditions: Subject to receipt of necessary approvals and compliance with TSX Venture Exchange policies.

Notable Quotes

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