Lithium Ionic Completes Final Tranche of Significant Funding

Author: Dylan Bailey Updated: 10-03-2025 07:16 AM

Lithium Ionic Closes Final Tranche of Private Placement

TORONTO — Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF; FSE: H3N) has successfully completed the second and final tranche of its non-brokered private placement financing. This follows the initial tranche closure on September 29, totaling 26,090,130 units sold at $0.70 each, attracting a remarkable total of $18,263,091 in gross proceeds.

Investment Overview

The recent tranche consisted of 7,739,989 units, generating gross proceeds of $5,417,992. Each unit is composed of one common share and a warrant that permits holders to buy an additional common share at an exercise price of $0.90 for 24 months. These funds are earmarked for advancing Lithium Ionic’s Brazilian projects and other corporate requirements.

Funding Utilization

The strategic deployment of the funds has been designed to bolster the development of the company's properties in Brazil, focusing on the Itinga and Salinas projects, which are situated in a favorable mining jurisdiction known for its burgeoning hard-rock lithium district.

Insider Participation Details

A percentage of the units were acquired by certain insiders, totaling 947,929 units, classified as a related party transaction. This acquisition is noteworthy under Multilateral Instrument 61-101 but is exempt from specific formal valuation requirements, as the transaction’s value is under 25% of the company’s market capitalization.

Regulatory Compliance

The securities offered through this financing have not and will not be registered under the United States Securities Act of 1933. Therefore, offerings are restricted to outside the United States and to non-U.S. persons unless exemptions apply.

Partnership with RTEK

Lithium Ionic plans to issue a significant number of common shares (7,790,109) to RTEK International DMCC as compensation for its assistance with the company’s feasibility study. This study aims to establish a reduction in CAPEX by approximately USD $75.2 million as analyzed in the May feasibility reports.

Company Overview

Lithium Ionic is committed to exploring and developing its lithium properties in Brazil. The company’s flagship projects cover substantial land, capitalizing on the region’s potential as a prominent lithium source.

Contact Information

If you have any inquiries, please reach us at +1 647.316.2500 or via email at info@lithiumionic.com.

Frequently Asked Questions

What is the purpose of the funding Lithium Ionic received?

The funds will primarily support the development of Lithium Ionic’s lithium properties in Brazil and cover other corporate expenses.

Who participated in the insider purchase?

Certain insiders of Lithium Ionic acquired 947,929 units during the second tranche, which is classified as a related party transaction.

What are the terms of the warrants issued?

The warrants allow holders to purchase one common share at an exercise price of $0.90 per share for a period of 24 months after issuance.

How many total units were sold between both tranches?

A total of 26,090,130 units were issued across both tranches, showcasing strong investor interest in the company.

Where can I learn more about Lithium Ionic’s projects?

For more information about Lithium Ionic’s projects and developments, you can contact the company directly or visit their official communications.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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