Consolidated Lithium Metals Amends Previously Announced Financing and Extends Exclusivity Period of Letter of Intent With SOQUEM

Executive Summary

• Consolidated Lithium Metals Inc. announced a non‑brokered private placement of up to 66,666,666 units at $0.06 per unit, targeting gross proceeds of up to $4 million.
• Each unit consists of one common share and one warrant (exercise price $0.10); warrants will be exercisable for 36 months beginning 60 days after closing.
• The company also extended the exclusivity period of its LOI with SOQUEM Inc. to November 14, 2025, preserving the option to acquire up to an 80% interest in the Kwyjibo Rare Earth Project.

Key Details

• Offering Size & Price – Up to 66,666,666 units at $0.06 per unit (previously announced price).
• Gross Proceeds Target – Up to $4 million before fees and expenses.
• Unit Composition – 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms – Exercise price $0.10 per share; exercisable for 36 months, commencing 60 days after the closing date.
• Closing Timeline – Anticipated closing on or about November 7, 2025.
• Finder’s Fees – Cash commission up to 8% of gross proceeds plus finder warrants equal to up to 8% of units sold; each finder warrant allows purchase of one common share at $0.10 for 36 months.
• Use of Proceeds – Advance exploration on lithium properties in Québec, working capital, and general corporate purposes.
• Regulatory Conditions – Subject to TSXV approval and compliance with NI 45‑106 prospectus exemptions (Listed Issuer Financing Exemption and other applicable exemptions).
• Insider Participation – Senior management and certain directors (Richard Quesnel, Brett Lynch, Rene Bharti) may participate; any participation will be treated as a related‑party transaction under MII 61‑101. Details to be disclosed in a subsequent release.
• Extension of LOI Exclusivity – Non‑binding letter of intent with SOQUEM Inc. (subsidiary of Investissement Québec) extended to Nov 14, 2025; the LOI provides an option to earn up to an 80% interest in the Kwyjibo Rare Earth Project pending definitive agreement and satisfaction of conditions precedent.
• U.S. Offering Disclaimer – Units may be offered outside Canada under applicable exemptions but will not be registered in the United States; no offer or sale to U.S. persons absent exemption.

Notable Quotes

(No direct quotes were included in the release.)