Mr. Rene Bharti reports

CONSOLIDATED LITHIUM METALS ANNOUNCES $17.07 MILLION PRIVATE PLACEMENT FINANCING

Consolidated Lithium Metals Inc. intends to complete a non-brokered private placement offering of securities of the company for aggregate gross proceeds to the company of up to $17.07-million, in a combination of:

1. Up to 31.25 million units of the company that will be issued pursuant to the listed issuer financing exemption (LIFE) (as defined herein) and other available exemptions from Canadian prospectus requirements as further described herein at a price of eight cents per LIFE unit for up to $2.5-million in gross proceeds. Each LIFE unit will consist of one common share of the company and one-half of one common share purchase warrant;
2. Up to 50 million flow-through (FT) shares of the company at a price of 10 cents per critical FT share for up to $5-million in gross proceeds. Each critical FT share will consist of one common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada);
3. Up to 79.75 million flow-through units of the company that will be issued as part of a charity arrangement at price of 12 cents per charity FT unit, and will be issued pursuant to the listed issuer financing exemption and other available exemptions from Canadian prospectus requirements as further described herein for up to $9.57-million in gross proceeds. Each charity FT unit will consist of one common share and one-half of one warrant that will each qualify as a flow-through share within the meaning of Subsection 66(15) of the tax act.

Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of 12 cents for a period of 36 months from the closing date of the offering. Warrants sold pursuant to the listed issuer financing exemption will not be exercisable until 60 days from the closing date of the offering.

The LIFE units and the charity FT units will be offered for sale to purchasers in all provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and the Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The LIFE units, the critical FT shares and the charity FT units will also be offered for sale to purchasers in all provinces of Canada pursuant to other exemptions from the prospectus requirements, including those available under NI 45-106. The company will ensure that the total number of LIFE units and charity FT units issued pursuant to the listed issuer financing exemption, together with all issuances of common shares and warrants issued pursuant to the listed issuer financing exemption in the preceding 12-month period, will not exceed 50 per cent of its outstanding listed equity securities as of the date immediately preceding the company's first issuance of securities pursuant to such prospectus exemption during the preceding 12-month period.

Offered securities that will be issued under the listed issuer financing exemption will not be subject to a hold period pursuant to applicable Canadian securities laws and all offered securities issued under other exemptions under NI 45-106 will be subject to a statutory four-month hold period pursuant to applicable Canadian securities laws.

Finders' fees may be paid to eligible finders in accordance with the policies of the TSX Venture Exchange, consisting of a cash commission equal to up to 8 per cent of the gross proceeds raised under the offering and finders' warrants in an amount equal to up to 8 per cent of the number of offered securities sold pursuant to the offering, at an exercise price equal to the eight cents per finder's warrant for finders' warrants issued due to sales of LIFE units, 10 cents per finder's warrant for finders' warrants issued due to sales of critical FT shares and 12 cents per finder's warrant for finders' warrants issued due to sales of charity FT units. Each finder's warrant shall consist of one common share and one-half of one warrant.

The company intends to use the gross proceeds from the offering for exploration expenses and critical mineral mining expenditures on the Kwyjibo rare earth project, as detailed in the company's news release dated Nov. 18, 2025, and its lithium properties, and for working capital and general corporate purposes. The company will use an amount equal to the gross proceeds received by the company from the sale of the critical FT shares and charity FT units, pursuant to the provisions in the tax act, to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures as both terms are defined in the tax act related to the project and its lithium properties in Quebec, Canada, on or before Dec. 31, 2027, and to renounce all the qualifying expenditures in favour of the purchasers of the critical FT shares and charity FT units effective Dec. 31, 2026. In the event that the company is unable to renounce or incur 100 per cent of the qualifying expenditures, the company will indemnify each purchaser of critical FT shares and/or charity FT units, as applicable, for the additional taxes payable to such purchaser as a result of the company's failure to renounce the qualifying expenditures as agreed.

Completion of the offering is subject to regulatory approvals, including the TSX Venture Exchange.

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

U.S. offering and no U.S. registration

The company may also offer the offered securities for sale pursuant to exemptions from the prospectus requirement under Ontario Securities Commission Rule 72-503, Distributions Outside of Canada in the United States, pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in certain other jurisdictions outside of Canada and the U.S. provided it is understood that no prospectus filing or comparable obligation, continuing reporting requirement, or requisite regulatory or governmental approval arises in such other jurisdictions.

About Consolidated Lithium Metals Inc.

Consolidated Lithium Metals is a Canadian junior mining exploration company trading under the symbol CLM on the TSX Venture Exchange, Z36 on the Frankfurt Stock Exchange and JORFF on the OTCQB Venture Market. The company is focused on the exploration and development of critical mineral projects in stable jurisdictions. The company is committed to supporting the energy transition through the responsible development of critical mineral supply chains.

We seek Safe Harbor.