One World Lithium receives brine samples for testing

Executive Summary

• One World Lithium Inc. announced the closing of the first tranche of a term loan financing, raising $107,200 to fund R&D and working capital.
• The company received two natural brine samples from a major mining partner in South America for testing using its Direct Lithium Carbonation Extraction (DLCE) technology.
• The financing includes the issuance of 3,573,332 warrants and is structured with a 12-month term or conversion upon raising $1 million in equity/debt.

Key Details

• Financing Structure:
  • Type: First tranche closing of a term loan.
  • Principal Amount: $107,200.
  • Interest Rate: 8% per annum.
  • Term: 12 months, or five business days following written notice that the company has raised a minimum of $1 million through an equity or debt financing.
  • Security: Unsecured.
• Warrant Terms:
  • Quantity: 3,573,332 share purchase warrants issued as an inducement.
  • Exercise Price: $0.05 per common share.
  • Expiration: July 15, 2027 (24-month period).
  • Hold Period: Four months and one day, expiring November 16, 2025.
• Use of Proceeds:
  • Further research and development of the lithium extraction process (DLCE).
  • Working capital.
• Technology & Testing Updates:
  • Samples Received: Two separate lithium brine samples from a major mining company’s project in South America.
  • Technology: Direct Lithium Carbonation Extraction (DLCE), acquired via two patent applications in November 2024.
  • Process Benefits: Claims to enable single-step lithium carbonate production from natural brines without preconcentration, base concentration, or postconcentration steps; no sorbents, acids, or soda ash required; lower capital and operating costs.
  • Current Phase: Lab validation and expansion to extract lithium carbonate; exploring coproduction of sodium, calcium, and magnesium.
  • Future Plans: Phase two program to expand lab facilities, purchase equipment, hire staff, and construct an initial containerized pilot plant.
  • Partnership: Umbrella technology agreement with the major mining company to assist in funding current testing and potentially finance phase two R&D.

Notable Quotes

• "This is a huge step forward for the company, securing the necessary funds to carry out this testwork and to having additional natural brine and clay samples to extract lithium from which will further validate the DLCE technology." — Doug Fulcher, President and CEO