Argentina Lithium Announces Closing of C$4.4 Million Brokered LIFE Private Placement

Executive Summary

• Argentina Lithium closed its best‑efforts private placement, raising C$4.38 million in gross proceeds.
• The offering consisted of 36,493,334 units at C$0.12 per unit; each unit includes one common share and one warrant exercisable at C$0.16.
• Net proceeds will be used to advance the Rincon West lithium project in Argentina and for general working capital.

Key Details

• Gross proceeds: C$4,379,200.08 (including partial exercise of agent’s option).
• Units sold: 36,493,334 units at C$0.12 per unit.
• Unit composition: 1 common share + 1 common‑share purchase warrant per unit.
• Warrant terms: Exercise price C$0.16; exercisable any time after May 9 2026 until March 10 2029.
• Agent/bookrunner: Red Cloud Securities Inc. (sole agent).
• Broker compensation: Cash fee of C$289,044 plus 2,408,700 non‑transferable broker warrants (exercisable at the offering price, expiring March 10 2029; subject to a hold period until July 11 2026).
• Use of proceeds: Exploration and advancement of the Rincon West lithium project in Argentina; working capital and general corporate purposes.
• Regulatory compliance: Units issued under NI 45‑106 listed issuer financing exemption; securities freely tradeable on TSXV subject to exchange policies.
• Related party transaction: 380,000 units issued to insiders (≤25 % of market cap); exempt from formal valuation and minority approval per MI 61‑101.
• Closing condition: Subject to final TSXV approval.

Notable Quotes

“We are pleased to close this financing, which provides essential capital to accelerate development at Rincon West and strengthens our balance sheet for continued growth.” – Nikolaos Cacos, President, CEO and Director.