NOT FOR DISTRIBUTION IN THE UNITED STATES NEWS SERVICES OR DISTRIBUTION IN THE UNITED STATES.
TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) — Consolidated Information Lithium Metals Inc. (TSXV: CLM) (FRA: Z36) (“KLM” or “Company“) disclosed in its press release dated October 22, 2025 that the Company intends to complete the non-brokered private placement (“Offer“) and amends the terms of the Offer to Sell up to 66,666,666 units (each, “Unit“) to the Company at a previously announced price of US$0.06 per unit (“Offer price“”) for gross proceeds of the Company up to $4,000,000. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant (each – “Order“). Each warrant entitles the holder to purchase one common share of the Company at a price of $0.10 per common share, and the Company is changing the exercise period to 36 months, beginning on the date that is 60 days after the closing date. The closing of the Offering is expected to occur on or about November 7, 2025.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Exceptions from the prospectus (“IS 45-106“), the Units will be offered for sale to purchasers located in Canada, other than Quebec, in accordance with one or more of the following exceptions to the prospectus requirements under NI 45-106: (i) the Listed Issuer Financing Exemption under Part 5A of NI 45-106 (“Exemption from financing of a listed issuer“), as modified and subject to the exceptions set forth in Coordinated General Order 45-935. – Exceptions to certain conditions of the listed issuer's exemption from financing; and (ii) other available exemptions under NI 45-106.
Finder Rewards may be paid to eligible individuals in accordance with the policies of the TSX Venture Exchange (“TSHV“), consisting of a cash commission equal to up to 8% of the gross proceeds received in the Offering and search warrants (“Order Finder“) in an amount equal to up to 8% of the number of Units sold pursuant to the Offering. Each Finder Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.10 per common share for a period of 36 months. The Company intends to use the net proceeds from the Offering to advance exploration activities at the Company's lithium properties in Quebec and for working capital and general corporate purposes.
Completion of the Offering is subject to regulatory approvals, including the TSXV.
Although details have not yet been finalized, the Company's senior management and certain members of the Company's board of directors, including Richard Quesnel, Brett Lynch and Rene Bharti, may participate in the Offering (“Insider ParticipationInsider participation, if any, will be considered a “related party transaction” as defined in Multilateral Instrument 61-101: Protection of minority security holders in special transactions. Additional information will be published in a subsequent press release once details of insider participation, if any, have been confirmed.
There is an offer document associated with the Offer which can be accessed from the Company's profile at: www.sedarplus.ca and on the company website at www.consolidatedlithium.com. Prospective investors should read this offering document before making an investment decision.
Extension of the exclusivity period of the letter of intent with SOQUEM INC.
Pursuant to its press release dated August 27, 2025, the Company has extended the exclusivity period of its non-binding letter of intent (“LOI“) with SOQUEM Inc., a subsidiary of Investissement Québec, until November 14, 2025. Pursuant to the letter of intent (subject to the satisfaction of several conditions precedent, including negotiations and the execution of a definitive agreement in respect of the proposed transaction), the Company may acquire an option to acquire up to an 80% interest in the Kwijibo rare earth project, located 125 km northeast of Sète-Îles, Côte-Nord region, Quebec. For more information regarding the LOI, please see the Company's press release dated August 27, 2025, a copy of which is available on the Company's SEDAR+ profile at www.sedarplus.ca.
US offer and no US registration
The Company may also offer Units for sale pursuant to an exception to the prospectus requirements pursuant to Rule 72-503 of the Ontario Securities Commission: Distribution outside Canada in the USA (“US“) in accordance with existing exceptions to registration requirements US Securities Act of 1933.as amended, and in certain other jurisdictions outside Canada and the United States, provided that such other jurisdictions do not impose any prospectus filing or similar obligations, ongoing reporting requirements or required regulatory or governmental approvals.
The securities described herein have not been and will not be registered in accordance with US Securities Act of 1933.as amended, and may not be offered or sold in the United States or to or for the account or benefit of United States persons absent registration or an appropriate exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor is there any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About the consolidated lithium metallurgy
CLM is a Canadian junior mining company trading under the symbol “CLM” on the TSX Venture Exchange and “Z36” on the Frankfurt Stock Exchange. The company specializes in the exploration and development of critical mineral projects in stable jurisdictions. The company is committed to supporting the energy transition through the responsible development of supply chains for critical minerals.
More information about CLM can be found on the website at: www.consolidatedlithium.com and viewing his profile on SEDAR+ at www.sedarplus.ca.
For more information contact:
Rene Bharti
Vice President of Dev Corporation.
E-mail: [email protected]
Phone: +1 (647) 965 2173
Website: www.consolidatedlithium.com
Advisors: Wildeboer Dellelce LLP is acting as legal advisor to CLM in relation to the Offer.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” which may include, without limitation, statements regarding expected business plans or strategies, including the Offering, regulatory and TSXV approval of the Offering, use of proceeds from the Offering, Insider participation, if any, and the proposed transaction with SOKEM Inc.. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “expects”, “budget”, “scheduled”, “estimated”, “forecasts”, “intends”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “will”, “might” or “will” be accepted, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause CLM's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including risks associated with: regulatory approvals, such as TSXV approval of the Offering; general business, economic, competitive, political, social and market conditions; accidents, labor disputes and shortages; and other risks of the mining industry. The forward-looking statements contained herein are made as of the date of this press release and CLM disclaims, except as required by law, any obligation to update any forward-looking statements, whether as a result of new information, results, future events, circumstances or if management's estimates or opinions change or otherwise. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
