Beyond Lithium Announces Flow-Through Private Placement for up to C$600,000 and Provides Rare One Project Update

Core Viewpoint - Beyond Lithium Inc. is initiating a non-brokered private placement to raise up to C$600,000 through the sale of flow-through units, while also providing an update on its Rare One rare earths project in British Columbia [1][3]. Offering Details - The offering consists of up to 15,000,000 flow-through units priced at $0.04 each, with each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each warrant allows the holder to purchase one non-flow-through common share at an exercise price of $0.10 for 24 months from issuance [2]. Company Strategy and Focus - The funding from the offering will enable the company to refocus on its core business of rare earths and copper projects in British Columbia, following a period of reduced exploration activity [3]. - The company is committed to unlocking significant value for shareholders through its diversified portfolio, which includes advanced lithium properties in Ontario [3]. Rare One Project Update - The Rare One project spans over 5,900 hectares and is 100% owned by Beyond Lithium, with extensive work conducted from 2005 to 2017, including soil surveys and mapping [11]. - Historical sampling programs have identified targets with elevated levels of light rare earths such as lanthanum, praseodymium, cerium, and neodymium [11]. - The company plans to digitize past data and conduct follow-up programs in the upcoming field season to refine the potential sources of rare earth mineralization [11]. Participation and Exemptions - The offering may be conducted under the Existing Security Holder Exemption, allowing existing shareholders to subscribe for units [4][5]. - If subscriptions exceed the maximum number of units, allocations will be made on a pro rata basis [6]. Use of Proceeds - Gross proceeds from the offering will be allocated to eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures [9].