Lion One Announces Non-Brokered LIFE Offering of Units

Core Viewpoint - Lion One Metals Limited is conducting a non-brokered private placement to raise up to $15 million through the issuance of 46,875,000 units at a price of $0.32 per unit, which includes common shares and warrants [1][4]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one warrant, with the warrant allowing the purchase of one share at an exercise price of $0.42 for three years [1]. - The offering is expected to close around September 23, 2025, subject to customary conditions and approvals from the TSX Venture Exchange [5]. - The net proceeds from the offering will be used for the development of the Tuvatu Gold Project, repayment of loans, and working capital [4]. Group 2: Forbearance Agreement - The company has entered into a forbearance agreement with senior secured lenders, waiving the working capital covenant under its loan facility, which is now classified as a current liability [3]. - The forbearance agreement extends until December 31, 2025, and requires ongoing compliance, including raising capital for timely loan repayment [3]. Group 3: Company Overview - Lion One Metals is an emerging Canadian gold producer with operations at the Tuvatu Alkaline Gold Project in Fiji, which includes a high-grade gold deposit and various mining facilities [8].