LibertyStream Announces Non-Brokered Private Placement of Units

LibertyStream Infrastructure Partners Inc. (LIB) announced a non-brokered private placement of up to 25,000,000 units priced at C$0.80 per unit, targeting gross proceeds of up to C$20,000,000. Each unit comprises one common share and one-half of a common share purchase warrant. The warrants are exercisable at C$1.10 per share for a period of 24 months from closing.

Insiders, including President and CEO Alex Wylie and affiliates, will participate with C$1,700,000 in the offering, a transaction classified as related-party under National Instrument 61-101. Net proceeds from the placement will fund DLE technology development, the scale-up of the Freedom 1 facility in the Midland Basin, customer sampling, and general working capital.

Closing is expected in tranches starting July 23, 2026, subject to TSX-V approval and customary conditions. The company will file a U.S. registration statement for resale within 60 days of a U.S. exchange listing.

Libertystream Infrastructure Partners Inc. (LIB) has secured financing to provide essential liquidity for the Freedom 1 facility, aiming to advance the project toward its targeted December 2026 commissioning date. This capital injection supports the company's transition from pilot operations to commercial production. The offering is dilutive but necessary given the company's pre-revenue status and the estimated $37 million capital requirement for the commercial-scale facility.

Insider participation of C$1.7 million signals management confidence and partially offsets dilution concerns, aligning shareholder and executive interests. Additionally, a definitive offtake agreement signed on July 9, 2026, secures 600 tonnes per year at fixed pricing for two years, providing a clear demand anchor that justifies the capital raise. This news is incremental to previous operational milestones and financings, serving as a standard, expected capital raise for a development-stage critical minerals company.

LibertyStream Infrastructure Partners Inc. (LIB) is a pre-revenue lithium development company focused on Direct Lithium Extraction (DLE) from oilfield brine in the Permian and Bakken basins. Its flagship project, Freedom 1, is a 1,000-tonne-per-annum lithium carbonate facility located at Select Water Solutions' site in Howard County, Texas.

The company has successfully commissioned its Gen 6 automated DLE system, which reduces cycle times from 60 to 20 minutes and lowers media degradation. LibertyStream has achieved consistent, spec-compliant lithium carbonate production validated by independent third-party laboratories. Additionally, the company re-domiciled to Texas in April 2026 to align with its operational footprint and U.S. listing goals.