NOT FOR DISTRIBUTION IN THE UNITED STATES NEWS SERVICES OR DISTRIBUTION IN THE UNITED STATES.
TORONTO, November 14, 2025 (GLOBE NEWSWIRE) — United Company Lithium Metals Inc. (TSXV: CLM) (FRA: Z36) (“KLM” or “Company“) is pleased to announce the closing of the previously announced non-brokered private placement (“Offer“) units (“Units“) at a price of US$0.06 per Unit. The Company has issued a total of 57,361,667 Units for aggregate gross proceeds of approximately $3,441,700.
Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (each a “Order“). Each warrant entitles the holder to purchase one common share of the Company at a price of $0.10 per share, commencing January 14, 2026 through November 14, 2028.
The Units distributed in connection with the Offering were issued and sold in accordance with the “Listed Issuer Financing Exemption” provided for in Part 5A of National Instrument 45-106 – Exceptions from the prospectus (“IS 45-106“) and other exceptions in accordance with 45-106. All Units issued pursuant to the Listed Issuer Exemption are not subject to a statutory hold period under applicable Canadian securities laws, and all Units issued pursuant to other exemptions under NI 45-106 are subject to a statutory hold period of four months under applicable Canadian securities laws.
In connection with the Offering, the Company paid Integrity Capital Group a search fee of US$250,000 and issued an aggregate of 4,000,000 search warrants (“Order Finder“). Each Finder warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.10 per common share until November 14, 2028. Finder warrants and shares of common stock issuable upon exercise of Finder warrants are subject to a statutory holding period of four months in accordance with applicable Canadian securities laws.
The net proceeds from the sale of the Interests will be used to advance exploration activities at the Company's lithium properties in Quebec and for working capital and general corporate purposes, as more fully described in the Company's offering document under the Company's profile at: www.sedarplus.ca.
The Offering remains subject to final acceptance by the TSX Venture Exchange.
Related Party Disclosure
Certain Company insiders subscribed for a total amount of approximately US$150,000. Insider participation constitutes “related party transactions” within the meaning of Multilateral Instrument 61-101: Protection of minority shareholders in special transactions (“MI 61-101“). The Company relied on the applicable exceptions to the formal assessment and minority approval requirements in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. No new insiders were created as a result of the Offering and there was no change in control. The Company did not file a report of material changes in respect of insider ownership more than 21 days before the expected closing of the Offering because the details and amounts of insider ownership were not completed prior to the closing of the transaction and the Company wished to close the transaction. as soon as possible for reasonable business reasons.
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 acted 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, but is not limited to, statements regarding expected business plans or strategies, including the Offering, regulatory and final approvals of the TSXV Offering and the intended use of proceeds from the Offering. 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.
