Mr. Allan Frame reports
BEYOND LITHIUM COMPLETES FINAL TRANCHE OF LIFE OFFERING AND DEBT SETTLEMENT TRANSACTION
Beyond Lithium Inc. has completed:
- The second and final tranche of its previously announced non-brokered private placement of 4,622,546 units of company at a price of three cents per unit for aggregate gross proceeds of $138,676.38;
- The previously announced debt settlement transaction with the management company of the company's president and chief executive officer, Allan Frame, for the issuance of 2.8 million units at a deemed price of three cents per unit to settle an outstanding debt of $84,000 in management fees (see news releases dated July 8, 2025, July 29, 2025, and Aug. 29, 2025).
Together with the first tranche of the offering completed on Aug. 28, 2025, for aggregate gross proceeds of $161,323.62, the company raised a total of $300,000 under the offering. Each unit issued under the offering consists of one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to purchase one share at price of 10 cents per share for a period of 24 months following the date of issuance.
The units issued under the offering were issued to purchasers pursuant to the listed issuer financing exemption (LIFE) under Part 5A.2 of National Instrument 45-106, Prospectus Exemptions, in all provinces of Canada, except Quebec.
There is an offering document, as amended, 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 final tranche, the company paid an eligible third party dealing at arm's length with the company: (i) a cash commission totalling $9,013.62, representing 7.0 per cent of the proceeds raised from subscribers introduced to the company by such finder; and (ii) an aggregate of 300,454 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 exercise price of three cents per share.
The company plans to use the net proceeds from the final tranche for general working capital purposes, exploration activities and expenditures on its Rare One project, marketing and advertising, and as otherwise described in the offering document.
The units issued under the offering are not subject to resale restrictions pursuant to the LIFE and applicable Canadian securities laws. The units issued under the debt settlement are subject to a hold period of four months and one day from their date of issuance.
About Beyond Lithium Inc.
Beyond Lithium is a critical minerals 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.
© 2026 Canjex Publishing Ltd. All rights reserved.