CENTURY LITHIUM CLOSES C$7,000,000 BROKERED LIFE FINANCING
Century Lithium Corp. (TSX-V: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) is pleased to announce that it has completed its previously announced brokered private placement, which was initially announced on March 10, 2026. Under the Offering, the Company issued 14,893,616 units of the Company at a price of $0.47 per Unit for gross proceeds of C$7,000,000.
The Offering was conducted on a commercially reasonable “best efforts” basis by A.G.P. Canada Investments ULC, acting as sole agent and bookrunner and A.G.P./Alliance Global Partners acting as sole U.S. placement agent.
Each Unit is comprised of one common share in the capital of the Company and one Share purchase warrant. Each Warrant entitles the holder to acquire one additional Share at a price of $0.65 for a period of five years from the closing of the Offering.
The Units were offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in each of the provinces of Canada (except Québec). Pursuant to NI 45-106 and the Order, the Units issued to Canadian residents under the Offering are not subject to resale restrictions. The Company relied on the exemptions in Part 5A of NI 45-106 and the Order, and was qualified to distribute securities in reliance on the exemptions included therein.
In connection with the Offering, the Agents received a cash commission equal to 7.0% of the gross proceeds of the Offering and the Company issued to the Agent non-transferable warrants representing 3.0% of the aggregate number of Units sold pursuant to the Offering. Each Broker Warrant entitles the holder to purchase one Share of the Company at a price of $0.65 for a period of five (5) years from the closing of the Offering.
The Company intends to use the net proceeds raised from the Offering to primarily carry out the next phase of technical and permitting work on the Company’s Angel Island lithium project in Esmeralda County, Nevada, to support ongoing operations and to fund general working capital needs.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or under any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the “United States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom.
ABOUT CENTURY LITHIUM CORP.
Century Lithium Corp. is an advanced-stage lithium development company focused on its 100%-owned Angel Island lithium project in Esmeralda County, Nevada. Angel Island hosts one of the largest known sedimentary lithium deposits in the United States and is designed with an integrated, end-to-end process for the on-site production of battery-grade lithium carbonate to support the electric vehicle and battery storage markets.
The Company has developed a patent-pending process that incorporates hydrochloric acid leaching combined with direct lithium extraction to produce battery-grade lithium carbonate. As part of the integrated chlor-alkali process, Angel Island is designed to produce sodium hydroxide as a co-product, with planned surplus sales expected to lower operating costs, reduce reliance on externally sourced reagents, and minimize environmental impacts.
Century Lithium is currently advancing Angel Island through the permitting process.
