TORONTO, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV:CLM, FRA: Z36)) ("CLM" or the "Company") announces today that it intends to complete a best efforts non-brokered private placement financing of up to 41,666,666 units (each, a "Unit") at a price of $0.06 per Unit for gross proceeds of up to $2,500,000 (the "Offering"). Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.10 for a period of 24 months from issuance.
Closing of the Offering is expected to occur on or about November 7, 2025. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange ("TSXV") approval. Finder's fees may be paid to eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 7% of the gross proceeds raised under the Offering and finder warrants ("Finder Warrants") in an amount equal to up to 7% of the number of Units sold pursuant to the Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.10 per share for a period of 24 months following ...
