Arctic Fox Announces Correction to Private Placement Terms

Executive Summary

• Arctic Fox Lithium corrects its earlier announcement and now intends to raise up to CAD $150,000 through a non‑brokered private placement of up to 1.5 million units at CAD $0.10 per unit.
• Each unit consists of one common share and one warrant allowing the purchase of an additional share at CAD $0.12 for 24 months.
• The placement remains subject to standard regulatory approvals and a four‑month hold period plus one day.

Key Details

• Original Announcement (Nov 13, 2025): Intended private placement of up to 1,000,000 common shares at CAD $0.10 per share.
• Revised Offering: Up to 1,500,000 units at CAD $0.10 per unit → gross proceeds of up to CAD $150,000.
• Unit Composition:
• 1 common share (the “Share”).
• 1 common share purchase warrant (the “Warrant”) granting the right to acquire one additional Share at CAD $0.12 per Share for 24 months from issuance.
• Hold Period: Securities issued will be subject to a four‑month plus one day hold period in accordance with applicable securities laws.
• Closing Conditions: Completion remains contingent on receipt of all required regulatory and other approvals.
• Other Terms: All other terms disclosed in the original announcement remain unchanged.

Notable Quotes

• Harry Chew, President & CEO: “We wish to clarify and correct the terms of our private placement to ensure accurate information is provided to investors.”