Beyond Lithium Inc. (CSE: BY) has announced a proposed non-brokered private placement to raise up to $500,000. The offering consists of up to 10 million units priced at $0.05 per unit.

Beyond Lithium Unit Offering Details

Each unit includes one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase one common share at $0.10 within 24 months.

Amendments to Property Option Agreements

The company has amended its property option agreements with Bounty Gold Corp. and Last Resort Resources Ltd. The amendments include deferred cash payments, with some payments settled in common shares.

2024 Exploration Program Highlights

Beyond Lithium’s exploration program includes updates on the Cosgrave, Ear Falls, and Victory projects. The program is advancing with significant sampling and analysis underway. Recent findings confirm lithium mineralization at the Cosgrave project and spodumene as the dominant mineral at Ear Falls.

Project Updates

– **Ear Falls Spodumene Project**: Confirms >96% spodumene liberation, expanding exploration zones.
– **Cosgrave Project**: Channel samples show lithium mineralization with up to 0.62% Li2O over 1.00m.
– **Victory Spodumene Project**: Identifies key indicators for lithium exploration.

The offering might utilize exemptions available to existing security holders, facilitating broader participation. Closure of these transactions depends on fulfilling specified conditions.

About Beyond Lithium

Beyond Lithium Inc. holds an extensive lithium exploration portfolio in Ontario. The company follows a project generator model to minimize shareholder dilution and maximize exploration investment.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

The image is randomly selected and doesn’t necessarily represent the company or the news below.

Click here for more Company News