CENTURY LITHIUM CLOSES C$7,000,000 BROKERED LIFE FINANCING

Executive Summary

• Century Lithium Corp. completed a brokered private placement raising C$7 million by issuing 14,893,616 units at $0.47 per unit.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.65 for five years.
• Net proceeds will fund the next phase of technical and permitting work on the Angel Island lithium project in Nevada, support ongoing operations, and provide general working capital.

Key Details

• Units Issued: 14,893,616 units @ C$0.47 per unit → Gross proceeds: C$7,000,000.
• Unit Composition: 1 common share + 1 share purchase warrant (exercise price $0.65, five‑year term).
• Placement Agents: A.G.P. Canada Investments ULC (sole agent & bookrunner) and A.G.P./Alliance Global Partners (U.S. placement agent).
• Agent Compensation: Cash commission equal to 7.0% of gross proceeds; Company issued non‑transferable “Broker Warrants” representing 3.0% of units sold, exercisable at $0.65 for five years.
• Exemptions Used: Listed issuer financing exemption under NI 45‑106 (Part 5A) and Coordinated Blanket Order 45‑935; units to Canadian residents are unrestricted on resale.
• Use of Proceeds: Primarily to advance technical studies and permitting for the Angel Island lithium project (Esmeralda County, Nevada), support ongoing operations, and fund general working capital needs.

Notable Quotes

“The successful completion of this financing underscores investor confidence in our Angel Island project and provides us with the necessary capital to accelerate critical development work.” – William Willoughby, President & CEO.