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Spod Lithium Corp
Symbol SPOD
Shares Issued 83,115,313
Close 2025-07-14 C$ 0.025
Market Cap C$ 2,077,883
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Spod Lithium arranges $150,000 private placement

2025-07-14 23:59 ET - News Release

Mr. Mathieu Couillard reports

SPOD LITHIUM ANNOUNCES PRIVATE PLACEMENT OF UNITS

Spod Lithium Corp. intends to complete a private placement offering of up to 7.5 million units at a price of two cents per unit for aggregate gross proceeds of up to $150,000.

Each unit shall consist of one common share in the share capital of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one additional common share at a price of five cents per additional share on the date that is 24 months following the closing date.

The company intends to use the net proceeds of the offering for general working capital purposes.

The units will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. Directors and officers of the company may acquire securities under the offering, which will be considered a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The company may pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and Canadian Securities Exchange policies.

All securities proposed to be issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance. The offering is expected to close on or about July 25, 2025, subject to customary closing conditions and compliance with CSE policies. The offering may also close in multiple tranches.

About Spod Lithium Corp.

Spod Lithium is a leading exploration and development company focused on unlocking the vast potential of lithium resources. With a strategic approach to resource management and a commitment to sustainable practices, Spod is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its primary lithium properties are strategically located in Quebec and Ontario, Canada, regions renowned for their rich deposits of these valuable resources.

We seek Safe Harbor.

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