TSX Venture Exchange has accepted for filing a disposition of the company's shares in Lithium Energi Argentina S.A. (the subsidiary) pursuant to a no objection agreement between the company and a non-arm's-length party (Party A).

The company was in default for payment of approximately $7-million, and all associated interest, outstanding pursuant to the senior secured credit agreement entered into between the company and Party A on Feb. 1, 2023, as amended. Pursuant to the terms of the agreement, the company did not object to Party A's foreclosure on the company's shares in the subsidiary in consideration for Party A agreeing not to foreclose on the company's cash account and releasing the company from all outstanding claims Party A may have against it. After fulfilling certain obligations under applicable laws, Party A or its assignees now have full title and interest in the subsidiary in satisfaction of the aforementioned obligations.

For further details, please refer to the company's news releases dated March 7, 2025, May 9, 2025, May 13, 2025, and July 3, 2025.

Transfer and new addition to the NEX, symbol change

In accordance with TSX Venture Exchange Policy 2.5, the company has not maintained the requirements for a TSX Venture Exchange Tier 2 company. Therefore, effective at the opening on July 16, 2025, the company's listing will transfer to the NEX, the company's tier classification will change from Tier 2 to the NEX, and the filing and service office will change from Vancouver to NEX.

As of July 16, 2025, the Company cs subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.

The trading symbol for the company will change from LEXI to LEXI.H. There is no change in the company's name, no change in its Cusip number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture Exchange market.

The company is classified as a mining company.

The company's shares will remain halted and suspended.