Northwire Canada EditionSaturday, November 14, 2026
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Financings

Consolidated Lithium Metals Announces Closing Of Life Offering

CLM · Price

Executive Summary

  • Consolidated Lithium Metals Inc. closed its previously announced non‑brokered private placement of 57,361,667 units at $0.06 per unit, generating approximately $3.44 million in gross proceeds.
  • Each unit consists of one common share and one warrant to purchase an additional share at $0.10; the warrants are exercisable from Jan‑14‑2026 to Nov‑14‑2028.
  • Net proceeds will be used to fund exploration activities on the Company’s lithium projects in Québec, as well as for working capital and general corporate purposes.

Key Details

  • Units Issued: 57,361,667 units (each = 1 common share + 1 warrant).
  • Pricing: $0.06 per unit; aggregate gross proceeds ≈ $3,441,700.
  • Warrant Terms: Exercise price $0.10 per share; exercisable Jan‑14‑2026 through Nov‑14‑2028.
  • Finder Fees & Warrants: Paid $250,000 to Integrity Capital Group and issued 4,000,000 finder warrants (same exercise terms as unit warrants).
  • Related Party Participation: Insiders subscribed for ≈ $150,000 worth of units; transaction relied on exemptions under MI 61‑101.
  • Use of Proceeds: Advance exploration of lithium properties in Québec; working capital and general corporate purposes (as detailed in the offering document).
  • Regulatory Conditions: Closing subject to final acceptance by the TSX Venture Exchange; certain securities exempt from hold periods, others subject to a four‑month statutory hold.
  • Legal Counsel: Wildeboer Dellelce LLP acted as legal counsel for the Offering.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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