22:57:21 EST Sun 07 Dec 2025
Enter Symbol
or Name
USA
CA



Lithium Ionic Corp
Symbol LTH
Shares Issued 158,972,833
Close 2025-09-22 C$ 0.72
Market Cap C$ 114,460,440
Recent Sedar Documents

Lithium Ionic arranges $10-million private placement

2025-09-22 22:18 ET - News Release

Mr. Blake Hylands reports

LITHIUM IONIC ANNOUNCES $10M NON-BROKERED PRIVATE PLACEMENT BACKED BY MARTIN ROWLEY, RTEK AND KEY STRATEGIC SHAREHOLDERS

Lithium Ionic Corp. has arranged a non-brokered private placement financing of 14,285,714 units at 70 cents per unit for gross proceeds of $10-million. The offering is backed by Martin Rowley, a recognized leader in the lithium industry and a proven builder of multibillion-dollar mining companies, members of RTEK International DMCC, an experienced team of lithium veterans recognized for successfully designing and developing projects worldwide, as well as key strategic shareholders. This support provides a strong endorsement of Lithium Ionic's growth strategy as it advances toward becoming a near-term lithium producer in Brazil's Lithium Valley.

Mr. Rowley brings more than four decades of experience financing and building global mining companies. He co-founded First Quantum Minerals, helping transform it into one of the world's leading copper producers, and later served as chairman of Galaxy Resources, Orocobre Ltd. and Allkem Ltd., where he played an integral role in shaping some of the most prominent names in the lithium industry. His career has been defined by guiding companies from early-stage development into globally significant producers, with a proven record of creating value and supporting the successful transition of projects into long-life operations. He is currently non-executive chair and director of Forsys Metals, a Toronto Stock Exchange-listed company in the uranium sector.

RTEK, which has been engaged as a strategic adviser to Lithium Ionic since April, 2025, is led by an internationally recognized team of lithium veterans with more than 80 years of combined experience across geology, metallurgy, process design, mine development, marketing and corporate development. The group's leadership includes Brian Talbot, Nicholas Rowley, Noel O'Brien and Rodrigo Roso, who have advanced multiple successful lithium projects around the world, including Sigma Lithium's Grota do Cirilo project in Brazil. RTEK's direct participation in the offering further validates the quality of the Bandeira project and RTEK's confidence in its potential to become one of Brazil's next high-impact lithium operations.

Each unit will comprise one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of 90 cents per common share for a period of 24 months following the completion of the offering. Securities issued under the offering are expected to carry a hold period of four months and one day from the date of issue as may be required under applicable securities laws.

The company plans to use the aggregate net proceeds of the offering for exploration and development of its Brazilian properties and general corporate purposes.

The offering is scheduled to close on or about Sept. 29, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its flagship Itinga and Salinas projects cover 14,668 hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district. The Itinga project is situated in the same region as CBL's Cachoeira lithium mine, which has produced lithium for more than 30 years, as well as Sigma Lithium Corp.'s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.

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