Northwire Canada EditionThursday, July 16, 2026
Northwire
HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.190 +0.0% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.51 +1.1% CAM 0.330 −1.5% SYH 0.405 +0.0% LOT 0.040 +0.0% CPL 0.180 −5.3% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.190 +0.0% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.51 +1.1% CAM 0.330 −1.5% SYH 0.405 +0.0% LOT 0.040 +0.0% CPL 0.180 −5.3%
Financings

Argentina Lithium Announces Brokered LIFE Private Placement for Gross Proceeds of up to C$4,300,000

LIT · Price

Executive Summary

  • Argentina Lithium entered into an agreement with Red Cloud Securities to act as lead agent and sole bookrunner for a best‑efforts private placement of up to 26,060,607 units at C$0.165 per unit, targeting gross proceeds of up to C$4.3 million.
  • Each unit consists of one common share and one warrant allowing purchase of an additional share at C$0.225 for up to 36 months after closing; agents have an option to sell an extra 3,030,303 units for up to C$0.5 million.
  • Net proceeds will be used to advance the Rincon West lithium project in Argentina and for working capital/general corporate purposes.

Key Details

  • Offering Size: Up to C$4,300,000 gross proceeds.
  • Units Offered: Up to 26,060,607 units at C$0.165 per unit.
  • Unit Composition: 1 common share + 1 common share purchase warrant.
  • Warrant Terms: Right to buy one additional common share at C$0.225, exercisable any time up to 36 months after the closing date.
  • Agents’ Option: Up to 48 hours before closing, agents may sell an additional 3,030,303 units for up to C$500,000 gross proceeds at the same offering price.
  • Lead Agent/Bookrunner: Red Cloud Securities Inc. (sole bookrunner and lead agent).
  • Use of Proceeds: Primarily for exploration and advancement of the Rincon West lithium project in Argentina; remainder for working capital and general corporate purposes.
  • Closing Date: Expected on or about 17 February 2026, subject to customary conditions including TSX Venture Exchange approval.
  • Regulatory Exemptions: Units offered under NI 45‑106 listed issuer financing exemption to Canadian investors in Alberta, BC, Manitoba, Ontario and Saskatchewan; U.S. persons may participate via private placement under U.S. securities law exemptions.
  • Tradeability: Units expected to be freely tradeable immediately after issuance for Canadian purchasers; U.S. and other jurisdictions subject to applicable securities laws.

Notable Quotes

“The successful completion of this financing will provide the capital necessary to accelerate development at Rincon West, positioning Argentina Lithium to meet growing demand for lithium in the battery sector.” – Nikolaos Cacos, President, CEO and Director.

Read the original news release →

More from Argentina Lithium & Energy Corp.