Northwire Canada EditionSaturday, October 17, 2026
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Financings

Vision Lithium arranges $500,000 private placement

VLI · Price

Executive Summary

  • Vision Lithium Inc. has arranged a proposed non-brokered private placement of up to 25 million common shares qualifying as flow-through shares.
  • The offering is priced at $0.02 per share, targeting aggregate gross proceeds of up to $500,000.
  • Proceeds will be used for eligible Canadian exploration expenses related to the company's projects in Quebec, with expenditures renounced to subscribers effective Dec. 31, 2025.

Key Details

  • Security Type: Common shares qualifying as flow-through shares under Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec).
  • Offering Size: Up to 25,000,000 common shares.
  • Price: $0.02 per share.
  • Gross Proceeds: Up to $500,000.
  • Structure: Non-brokered private placement.
  • Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures related to projects in Quebec.
  • Renunciation Date: All qualifying expenditures will be renounced in favour of subscribers effective December 31, 2025.
  • Finder’s Fees: The company may pay finders' fees in cash, shares, warrants, or a combination thereof.
  • Hold Period: All securities issued are subject to a hold period of four months and one day from the date of issuance.
  • Regulatory Approval: The offering remains subject to approval by the TSX Venture Exchange.
Read the original news release →

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