Beyond Lithium Inc. successfully closed the first tranche of its non-brokered private placement, raising $161,323.62. The funds will be used for general working capital and exploration purposes.
Beyond Lithium Inc. (CSE: BY) is pleased to announce the closing of the first tranche (the 'First Tranche') of its non-brokered private placement , previously announced on July 8, 2025, and July 29, 2025 (the 'Offering'). The First Tranche consisted of 5,377,454 units of the Company (the 'Units') at a price of $0.03 per Unit, raising aggregate gross proceeds of $161,323.62.
Each Unit comprises one common share of the Company (a 'Share') and one common share purchase warrant (a 'Warrant'), with each Warrant entitling the holder to purchase one Share at a price of $0.10 per Share for a period of 24 months following the closing of the First Tranche. The Units issued under the First Tranche were issued to purchasers pursuant to the listed issuer financing exemption (the 'LIFE' or 'LIFE Exemption') under Part 5A.2 of National Instrument 45-106, in all Canadian provinces except Quebec. The Units issued under the LIFE Exemption will not be subject to resale restrictions under applicable Canadian securities laws. An amended offering document ('Offering Document') related to the Offering is accessible under the Company's profile on SEDAR+. In connection with the First Tranche, the Company paid certain eligible third parties dealing at arm's length with the Company (the 'Finders'): (i) cash commissions totaling $9,822.65, representing 7.0% of the proceeds raised from subscribers introduced to the Company by such Finders; and (ii) an aggregate of 327,422 non-transferable broker warrants (the 'Broker Warrants'), representing 7.0% 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 an exercise price of $0.03 per share.The Company plans to use the net proceeds from the First Tranche for general working capital purposes and as otherwise described in the Offering Document. The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.Beyond Lithium Inc. 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, acquire, or option other properties to expand its portfolio. Additionally, Beyond will seek potential joint venture partners on projects as a source of non-dilutive working capital through partner-funded exploration and long-term residual exposure to exploration success.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:This news release includes certain 'forward-looking information' within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking information. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'will', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In stating the forward-looking information in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company's properties, the availability of financing on suitable terms, and the Company's ability to comply with environmental, health and safety laws
Beyond Lithium Private Placement Financing Exploration Critical Minerals Ontario British Columbia Spodumene Rare Earths Base Metals
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