Lion One's $2 Million Sidecar Private Placement: Fueling Growth and Expansion

Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQB: LOMLF) has announced a $2 million Sidecar Private Placement, complementing its previously announced $7.5 million underwritten offering. This strategic move reflects the Company's commitment to funding its projects in Fiji, working capital, and general corporate purposes. The Sidecar Private Placement is a non-brokered private placement of up to 5,882,353 units at a price of $0.34 per Unit, raising up to $2,000,000 in gross proceeds.



The Sidecar Private Placement is expected to complete concurrently with the underwritten offering, with the Company issuing a total of 32,432,432 Units for gross proceeds of $11,999,999.80. This additional funding will provide Lion One with greater flexibility in allocating resources to its projects and operations, ensuring optimal use of funds.

Key factors driving the demand for this private placement include market demand, funding for expansion, strong financial performance, successful mine development, and exploration potential. Lion One's recent financial results, such as recording 4,741 oz in quarterly gold sales and C$18.0m of revenue in January 2025, have likely contributed to investor confidence in the company's growth potential. Additionally, the completion of the Tuvatu mine construction ahead of schedule and the first gold pour in October 2023 demonstrate Lion One's ability to execute on its projects, further boosting investor confidence.

The proceeds from the Sidecar Private Placement will be primarily allocated to fund development and exploration activities at Lion One's projects in Fiji, with a focus on the Tuvatu Alkaline Gold Project. The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Company also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets.

In conclusion, Lion One's $2 million Sidecar Private Placement is a strategic move that complements the previously announced underwritten offering, providing additional funding for the Company's projects in Fiji, working capital, and general corporate purposes. The proceeds from this private placement will enable Lion One to invest in its projects and operations more effectively, ensuring optimal use of funds and driving long-term growth and expansion.