02:29:05 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Beyond Lithium Inc
Symbol BY
Shares Issued 57,680,637
Close 2025-07-08 C$ 0.03
Market Cap C$ 1,730,419
Recent Sedar+ Documents

Beyond Lithium arranges placement, debt settlement

2025-07-08 18:01 ET - News Release

Mr. Allan Frame reports

BEYOND LITHIUM ANNOUNCES LIFE OFFERING FOR UP TO $320,000 AND DEBT SETTLEMENT AGREEMENT AND PROVIDES PROJECTS UPDATE

Beyond Lithium Inc. has arranged: (i) a proposed non-brokered private placement of up to eight million units of the company at a price of four cents per unit for aggregate gross proceeds of up to $320,000; and (ii) a debt settlement agreement with the management company of the company's president and chief executive officer, Allan Frame, for the issuance of 2.1 million units at a deemed price of four cents per unit to settle an outstanding debt of $84,000 in management fees. Each unit will consist of one common share of the company and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase one share at an exercise price of 10 cents for 24 months following the date of issuance, subject to customary adjustment provisions.

Projects update

Allan Frame, the president and chief executive officer of Beyond, stated: "Despite the uncertain and volatile global economy and market, Beyond will continue to play an active role in exploring for critical minerals in Canada. Following a comprehensive technical review by our technical team, we have streamlined our project portfolio to focus on two assets: the Ear Falls spodumene project in Ontario and the Rare One project in British Columbia. While executing on our current exploration plans, we are actively evaluating additional high-impact projects and opportunities that align with the company's strategic vision and long-term growth objectives."

Rare One project, British Columbia

  • The Rare One project is located in southwestern British Columbia with great highway and logging road access from the city of Cranbrook.
  • Potential to explore for two styles of mineralization including rare-earth elements and Mississippi Valley-type (MVT) lead-zinc mineralization.
  • Close to $1-million in exploration expenditures completed from 2005 to 2017:
    • Stream sampling confirmed the presence of monazite, which is rich in light rare-earth elements;
    • Preliminary digitization of gravity surveys and soil grid samplings outlined several exploration targets to be followed up by tightened soil grid sampling;
    • Regional mapping established a northeast-southwest trend.

Ear Falls spodumene project, Ontario

  • The Ear Falls spodumene project is located near the town of Ear Falls in Northwestern Ontario with excellent infrastructures.
  • Highly evolved spodumene-bearing pegmatites have been identified within a 13-kilometre-long structural corridor.
  • A comprehensive geochemistry baseline of the project has been established based on the biogeochemistry survey and the shallow test hole program completed by the company during the 2023 and the 2024 seasons, which can be utilized to further explore for buried lithium mineralization.
  • Spodumene-bearing pegmatites have greater than 96 per cent spodumene liberation based on TIMA, Tescan Integrated Mineral Analyzer, study completed by the company in 2024, which is potentially beneficial for downstream processing.
  • The Ear Falls spodumene project is fully permitted for diamond drilling, stripping and trenching, and ground geophysical survey by the Ontario Ministry of Mines.

Lawrence Tsang, the vice-president of exploration of Beyond, commented: "We are excited with the addition of the Rare One project to our project portfolio. It is an exciting opportunity that aligns with our exploration strategy. Our technical team remains focused on advancing our projects based on fundamental geology and boots on the ground. In short, we will begin with systematic mapping and sampling to guide the next phases of discovery."

LIFE offering

The units to be issued under the offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A.2 of National Instrument 45-106 -- Prospectus Exemptions in all provinces of Canada, except Quebec. The units offered under the LIFE exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The company plans to use the net proceeds from the offering for general working capital purposes, mineral property exploration activities and expenditures, marketing and advertising, and as otherwise described in the offering document. The offering is scheduled to close on or about July 31, 2025, and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the listing of the shares issued and issuable under the offering on the Canadian Securities Exchange. Closing of the initial tranche of the offering is subject to the condition that the company raise a minimum of $100,000.

The company may pay finders' fees in connection with the offering in cash, shares, warrants or a combination thereof.

All securities to be issued under the debt settlement will be subject to a hold period of four months and one day from their date of issuance.

The scientific and technical information disclosed herein has been reviewed, approved and verified by Lawrence Tsang, PGeo, who is the vice-president of exploration of the company and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The potential grades of exploration targets disclosed in this news release are conceptual in nature. The qualified person has not completed sufficient work to verify the historical information on the Rare One project and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The company has not independently verified and cannot guarantee the accuracy or completeness of the third party data contained in this news release and investors should use caution in placing reliance on such information; however, the qualified person believes that exploration and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Rare One project but may not be representative of expected results.

About Beyond Lithium Inc.

Beyond Lithium is a critical minerals exploration company with a lithium exploration portfolio in Ontario and a REE (rare-earth element) and base metals project in British Columbia. Beyond Lithium is advancing the projects with its exploration team and will seek to option other properties to joint venture partners. Partnering on various projects will provide a source of non-dilutive working capital, partner-financed exploration and long-term residual exposure to exploration success.

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