LibertyStream Announces Closing of First Tranche of LIFE Offering

Core Viewpoint - LibertyStream Infrastructure Partners Inc. has successfully closed the first tranche of its private placement, raising approximately $8.91 million through the issuance of 13,707,691 units at a price of $0.65 per unit, with a second tranche expected to follow in December 2025 [1][4]. Group 1: Offering Details - The first tranche involved the issuance of 13,707,691 units, generating gross proceeds of $8,909,999.15 [1]. - The second tranche will consist of 1,676,923 units, expected to raise an additional $1,089,999.95 [1]. - Each unit includes one common share and one warrant, with warrants allowing the purchase of common shares at an exercise price of $1.00 for 36 months post-offering [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to developing direct lithium extraction technology, enhancing operational efficiencies, and scaling up lithium carbonate production in the Delaware Basin, Texas [4]. - The funds will also support the creation of lithium product samples for potential customers and general working capital needs [4]. Group 3: Regulatory and Compliance Information - The offering was conducted under the "listed issuer financing" exemption, allowing the securities to be issued without a hold period under Canadian securities laws [3]. - The units have not been registered under the U.S. Securities Act and are offered only to accredited investors in the U.S. under specific exemptions [5]. Group 4: Company Overview - LibertyStream is focused on becoming one of North America's first commercial producers of lithium carbonate from oilfield brine, leveraging proprietary technology to reduce costs and risks while supporting clean energy transitions [6]. - The company aims to create long-term shareholder value through efficient operations and transparency [6].