LithiumBank's $5 Million Private Placement: A Game Changer for Lithium Investors!

Ladies and gentlemen, buckle up! LithiumBank Resources Corp. just announced a $5 million private placement that could be the game changer for lithium investors. This isn't just another funding round; it's a strategic move that could propel LithiumBank to the forefront of the lithium mining industry. Let's dive in and see what this means for you!



First things first, LithiumBank is raising up to $5 million through the sale of units and flow-through units. Here's the breakdown:

- Units: A minimum of 5,714,285 units up to a maximum of 8,571,428 units at $0.35 per unit. That's up to $3 million in gross proceeds!
- Flow-Through Units (FT Units): Up to 5,000,000 FT units at $0.40 per FT unit. That's another $2 million in gross proceeds!

Each unit consists of one common share and one-half of one common share purchase warrant. The warrants entitle the holder to purchase one additional share at an exercise price of $0.50 within 36 months. The FT units come with their own set of warrants, allowing holders to purchase one common share at $0.60 per share within the same timeframe.

Now, let's talk about the implications of this private placement. LithiumBank plans to use the net proceeds for brine hosted mineral license payments, environmental assessment studies, and community consultation. This is crucial for advancing their flagship projects, Boardwalk and Park Place, in Western Canada. The updated preliminary economic assessment of the Boardwalk project targets a 34,005 TPA operation with a Pretax USD $3.7 Billion NPV8 and a 25.0% IRR. That's some serious growth potential right there!

But wait, there's more! LithiumBank is also repricing its stock options. The board of directors approved the repricing of the exercise price of an aggregate of 6,059,625 outstanding stock options from between $0.80 and $1.29 per common share to $0.40 per common share. This move is subject to approval of the TSXV and disinterested shareholder approval, but it's a clear signal that LithiumBank is serious about retaining and incentivizing its employees.



So, what does this mean for investors? Well, for starters, the units will be issued on a private placement basis pursuant to the Listed Issuer Financing Exemption (LIFE Exemption) under Part 5A of National Instrument 45-106. This means they will be immediately freely tradeable and not subject to a hold period under applicable Canadian securities laws. That's liquidity, folks! And with the warrants attached, there's potential for future upside if LithiumBank's stock price increases.

But don't forget the risks. Market volatility, regulatory approvals, and investor sentiment are all factors that could impact the success of this offering. And with the repricing of stock options, there's always the potential for unintended consequences. But let's be real, the potential benefits far outweigh the risks. This is a no-brainer for lithium investors!

So, what are you waiting for? Get in on this private placement while you still can. LithiumBank is poised for growth, and this $5 million private placement is just the beginning. Don't miss out on this opportunity to be part of the next big thing in lithium mining. BOO-YAH!