Libertystream arranges $10-million private placement

Executive Summary

• Libertystream Infrastructure Partners Inc. has announced a non-brokered private placement offering of up to $10,000,000 in units.
• The offering is priced at $1.10 per unit, with each unit consisting of one common share and one whole common share purchase warrant.
• Net proceeds will be utilized to develop direct lithium extraction (DLE) technology, scale up lithium carbonate production in the Permian Basin, provide product samples to potential customers, and for general working capital.

Key Details

• Offering Size: Up to $10,000,000 in aggregate proceeds.
• Price Per Unit: $1.10.
• Unit Composition: Each unit comprises one common share and one whole common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $1.50 per warrant share.
• Warrant Duration: 36 months following the completion of the offering.
• Intermediaries: No dealers or finders were engaged; no finders' fees are payable.
• Regulatory Basis: Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106.
• Jurisdiction: Available to purchasers in all Canadian provinces except Quebec.
• Tradeability: Common shares and warrant shares are expected to be immediately freely tradeable for purchasers resident in the Canadian selling jurisdictions.
• Use of Proceeds:
  • Develop direct lithium extraction technology to improve operating efficiencies.
  • Continue scale-up of lithium carbonate production at the field unit in the Permian Basin, Texas, moving toward commercial lithium production.
  • Create avenues to provide lithium carbonate and other lithium product samples to potential future customers and off-takers.
  • General working capital and corporate purposes.
• Closing Timeline: Expected to close in one or more tranches on or about January 23, 2026.
• Conditions: Closing is subject to customary conditions, including receipt of necessary approvals, specifically the approval of the TSX Venture Exchange.

Notable Quotes

• No direct quotes from executives were included in the provided text.