Lithium Ionic Announces $10M Non-brokered Private Placement Backed by Martin Rowley, RTEK and Key Strategic Shareholders

Core Viewpoint - Lithium Ionic Corp. is conducting a non-brokered private placement financing of 14,285,714 units at $0.70 per unit, aiming for gross proceeds of $10 million, which is supported by industry leaders and strategic shareholders, indicating strong confidence in the company's growth strategy and potential as a near-term lithium producer in Brazil's "Lithium Valley" [1][2]. Group 1: Financing Details - The Offering consists of 14,285,714 units priced at $0.70 each, totaling gross proceeds of $10 million [1]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months post-offering [3]. - The Offering is expected to close around September 29, 2025, pending necessary approvals [4]. Group 2: Leadership and Support - Martin Rowley, a prominent figure in the lithium industry with over 40 years of experience, is backing the Offering, having co-founded First Quantum Minerals and served in leadership roles at several lithium companies [1]. - RTEK International DMCC, engaged as strategic advisors since April 2025, comprises a team with over 80 years of combined experience in lithium projects, further validating the quality of Lithium Ionic's Bandeira Project [2]. Group 3: Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, with flagship projects covering 14,668 hectares in Minas Gerais state [6]. - The Itinga Project is located near established lithium operations, including CBL's Cachoeira lithium mine and Sigma Lithium Corp.'s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas [7].