Mr. Allan Frame reports
BEYOND LITHIUM COMPLETES FIRST TRANCHE OF LIFE OFFERING
Beyond Lithium Inc. has closed a first tranche of its non-brokered private placement previously announced on July 8, 2025, and July 29, 2025. The first tranche consisted of 5,377,454 units of the company at a price of three cents per unit for aggregate gross proceeds of $161,323.62. Each unit consists of one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one share at a price of 10 cents per share for a period of 24 months following the closing of the first tranche.
The units issued under the first tranche were issued 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 issued under the LIFE will not be subject to resale restrictions pursuant to applicable Canadian securities laws.
There is an amended offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website.
In connection with the first tranche, the company paid certain eligible third parties dealing at arm's length with the company: (i) cash commissions totalling $9,822.65, representing 7.0 per cent of the proceeds raised from subscribers introduced to the company by such finders; and (ii) an aggregate of 327,422 non-transferable broker warrants, representing 7.0 per cent of the number of units sold to such subscribers, each exercisable to acquire one common share of the company for 24 months from the date of issuance at an exercise price of three cents per share.
The company plans to use the net proceeds from the first tranche for general working capital purposes and as otherwise described in the offering document.
About Beyond Lithium Inc.
Beyond Lithium is a critical mineral exploration company with the Ear Falls spodumene-bearing pegmatite exploration project in Ontario and two exploration projects in British Columbia exploring for rare earths and base metals. Beyond Lithium is advancing the projects with its exploration team. The company will continue to seek to stake, to acquire or to option other properties to expand the company's portfolio. Also, Beyond will seek for potential joint ventures partner on projects as it is a source of non-dilutive working capital through partner-financed exploration and long-term residual exposure to exploration success.
We seek Safe Harbor.
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