Consolidated Lithium Metals Inc. Completes $17.07 Million Private Placement Financing

Consolidated Lithium Metals Inc. (TSXV: CLM, OTCQB: JORFF) announced on February 26 , 2026 that it intends to complete a non‑brokered private placement offering of securities for aggregate gross proceeds of up to $17,070,000. The offering will comprise three classes of securities:

  1. LIFE Units – up to 31,250,000 units at $0.08 per unit (gross proceeds up to $2,500,000). Each unit consists of one common share and one‑half of a common‑share purchase warrant. The units are issued under the Listed Issuer Financing Exemption and other applicable Canadian prospectus exemptions.

  2. Critical Flow‑Through Shares – up to 50,000,000 shares at $0.10 per share (gross proceeds up to $5,000,000). Each share qualifies as a flow‑through share under subsection 66(15) of the Income Tax Act (Canada).

  3. Charity Flow‑Through Units – up to 79,750,000 units at $0.12 per unit, issued through a charity arrangement. These units are issued as part of the same offering and are priced in accordance with the applicable regulations.

The securities will be sold in a combination of common shares, warrants, flow‑through shares, and flow‑through units, allowing investors to participate in the company’s lithium exploration activities while benefiting from Canadian tax incentives associated with flow‑through instruments.

Context and Financial Position

Consolidated Lithium Metals Inc. is a mining exploration company focused on acquiring, exploring, producing, and developing lithium‑dedicated properties. The company operates from Canada and is listed on the TSX Venture Exchange. As of February 23 , 2026, its share price stood at CAD 0.09, with a 52‑week high of CAD 0.13 and a 52‑week low of CAD 0.005. The company’s market capitalisation is CAD 41,011,108, and its price‑earnings ratio is –53.255, reflecting the company’s ongoing exploration status.

Financial reporting for the half‑year ended December 31 , 2025, shows an increase in revenue from ordinary activities to CAD 86,232 000 from CAD 80,147 000 in the same period the previous year, an 8 % rise. Net profit attributable to members for the period was CAD 72,619 000, up from a loss of CAD (34,196) 000 in 2024, marking a 312 % improvement. These results indicate a positive trajectory for the company’s operations and financial performance.

Implications for Investors

The private placement financing provides Consolidated Lithium Metals Inc. with capital to fund further exploration and development of its lithium projects. The inclusion of flow‑through shares and units offers tax advantages for Canadian investors, potentially enhancing the attractiveness of the offering. Investors in the TSX Venture Exchange and OTC markets should monitor the company’s progress in securing permits and advancing its lithium projects, as these factors will influence the company’s future valuation.