Consolidated Lithium Metals Announces Closing Of Life Offering

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM) (FRA: Z36) (“CLM” or the “Company”) is pleased to announce that is closed its previously announced non-brokered private placement (the “Offering”) of units (the “Units”) at a price of $0.06 per Unit. The Company issued a total 57,361,667 Units for aggregate gross proceeds of approximately $3,441,700.

Each Unit comprises one common share in the capital of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one common share of the Company at a price of $0.10 per share commencing on January 14, 2026 until November 14, 2028.

The Units distributed in connection with the Offering were issued and sold pursuant to the “Listed Issuer Financing Exemption” available under Part 5A of National Instrument 45-106 - Prospectus Exemptions (“NI 45-106”) and other exemptions under 45-106. All Units issued under the Listed Issuer Exemption are not subject to a hold period pursuant to applicable Canadian securities laws and all Units issued under other exemptions under NI 45-106 are subject to a statutory four-month hold period pursuant to applicable Canadian securities laws.

In connection with the Offering, the Company paid Integrity Capital Group finder fees equal to $250,000 and issued a total of 4,000,000 finder warrants (“Finder Warrants”). 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. The Finder’s Warrants and common shares issuable upon exercise of the Finder’s Warrants, are subject to a statutory four-month hold period pursuant to applicable Canadian securities laws.

The net proceeds from the sale of the Units will be used to advance exploration activity of the Company’s lithium properties in Québec and for working capital and general corporate purposes, as more particularly described in the Company’s offering document under the Company’s profile at www.sedarplus.ca.

The Offering remains subject to the final acceptance of the TSX Venture Exchange.

Related Party Disclosure

Certain insiders of the Company subscribed for a total of approximately $150,000 Units. The participation by insiders constitutes “related party transactions” within the meaning of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions (“MI 61-101”). The Company has relied on applicable exemptions from the formal valuation and minority approval requirements in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101. No new insiders were created, nor has there been any change of control, as a result of the Offering. The Company did not file a material change report with respect to the insider participation more than 21 days before the expected closing of the Offering, as the details and amounts of the insider participation were not finalized until closer to the closing and the Company wished to close the transaction as soon as practicable for sound business reasons.