LiTHOS Announces Non-Brokered Private Placement
Summary
/Not for distribution to U.S. Newswire Companies or for dissemination in america./VANCOUVER, BC, Feb. 27, 2024 /CNW/ LiTHOS Group Ltd. (LiTHOS or the Firm) (CBOE CA: LITS) (OTCQB: LITSF) (FSE: YU8) (WKN: A3ES4Q) is happy to announce that it has organized a non-brokered personal placement (the Providing) of as much as 2,857,143 models (every, a Unit) at a worth of $0.70 per Unit for gross proceeds of as much as $2,000,000. Every Warrant will entitle the holder to buy one further Share (every, a Warrant Share) within the capital of the Firm for a interval of three years from the cut-off date at an train worth of $0.90 per Warrant Share.Proceeds from the Providing might be used for fee of present payables, working capital, enterprise improvement and for completion of consumer pilot tasks. Individuals except registered beneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is on the market.The Firms mission is to ship sustainable lithium manufacturing with out the usage of evaporation ponds. AcQUA is LiTHOS patent-pending know-how that spans the entire worth chain from the conditioning and pre-treatment of uncooked brines by way of the DLE part into the sprucing and purification of battery grade lithium feedstock. LiTHOS has two totally operational processing amenities: a 4,000 sq ft lab in Denver, CO and a 55,000 sq ft advanced in Bessemer, AL. LiTHOS is working beneath contract with a number of strategic mineral useful resource homeowners and processing brines from the most important Salars in Chile and Argentina, and the Smackover reservoir within the Southeastern United States.