Libertystream closes $8.9M first tranche of placement

Executive Summary

• Libertystream Infrastructure Partners Inc. has closed the first tranche of its previously announced Life Offering (LIFE), raising approximately $8.9 million in gross proceeds.
• The company expects to close the second and final tranche on or about December 16, 2025, which would add approximately $1.1 million in gross proceeds.
• Proceeds will be utilized to develop direct lithium extraction (DLE) technology, scale up lithium carbonate production in Texas, provide samples to potential customers, and fund general working capital.

Key Details

• Transaction Structure: Private placement of units under the Listed Issuer Financing Exemption (LIFE).
• First Tranche Closing:
  • Units Issued: 13,707,691 units.
  • Price Per Unit: $0.65 CAD.
  • Gross Proceeds: $8,909,999.15.
  • Closing Date: Completed (specific date not stated, but prior to the second tranche).
• Second Tranche (Expected):
  • Units to be Issued: 1,676,923 units.
  • Gross Proceeds: $1,089,999.95.
  • Expected Closing Date: On or about December 16, 2025.
• Warrant Terms:
  • Each unit includes one common share and one whole common share purchase warrant.
  • Exercise Price: $1.00 per warrant share.
  • Duration: 36 months following the completion of the offering.
• Regulatory Status: Securities issued are not subject to a hold period under applicable Canadian securities laws.
• Use of Proceeds:
  • Development of direct lithium extraction (DLE) technology to improve operating efficiencies.
  • Scale-up of lithium carbonate production at the field unit in the Delaware Basin, Texas, moving toward commercial production.
  • Creation of avenues to provide lithium carbonate and other lithium product samples to potential future customers and offtakers.
  • General working capital and corporate purposes.