LatAm Lithium Announces Upsizing of Private Placement

Rhea-AI Summary

LatAm Lithium (TSXV: LALI, OTC: PFFOF) increased its previously announced non-brokered private placement financing from $800,000 to $875,000, citing strong investor demand. The financing consists of $0.05 Units, each comprising one common share and one common share purchase warrant.

Each warrant allows the holder to buy one additional common share at $0.065 for up to two years from closing. Proceeds are earmarked for working capital and general corporate purposes, with no proposed payments to Non-Arm's Length Parties. Closing is subject to TSX Venture Exchange approval, and any issued shares will carry a four-month-and-one-day hold period.

Positive

• Private placement upsized from $800,000 to $875,000
• Two-year warrants at $0.065 potentially provide additional future capital
• Proceeds directed to working capital and general corporate purposes

Negative

• Equity financing implies potential share dilution for existing shareholders
• Closing contingent on TSX Venture Exchange approval
• Four-month-and-one-day hold limits immediate liquidity for new investors

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - July 16, 2026) - LATAM LITHIUM CORP. (TSXV: LALI) (OTC Pink: PFFOF) (FSE: POTA) ("LatAm Lithium" or the "Company") wishes to announce that, further to its news releases of May 19, 2026, it has increased its non-brokered private placement (upsized) financing from $800,000 to $875,000 due to strong investor demand.

The financing is structured as a $0.05 Unit, with each Unit including one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at a price of $0.065 per share, valid for two years from the date of closing.

Financing proceeds are to be allocated for working capital and general corporate activities. There are no proposed payments to Non-Arm's Length Parties. Closing will be subject to TSX Venture Exchange approval, and any shares issued will be subject to a hold period equal to four-months and a day.

About Latam Lithium Corp.
LatAm Lithium is a Vancouver, Canada-based company focused on exploring and developing lithium mineral resource projects in the Americas. The Company also holds a 100% interest in two gold exploration projects located within northwestern Ontario, Canada, including the drill-ready, South of Otter gold project located in Red Lake, and the Gold Creek gold project located in Thunder Bay which has been optioned to Delta Resources Limited.

ON BEHALF OF THE BOARD

"Rodney Campbell"

Director, Interim Chief Executive Officer

For Further Information, Contact:
604-683-1991

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's future business plans. Forward-looking information in this news release is based on certain assumptions and expected future events, namely the growth and development of the Company's business as currently anticipated. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305486

FAQ

What did LatAm Lithium (OTC: PFFOF) announce about its private placement on July 16, 2026?

LatAm Lithium announced it increased its non-brokered private placement from $800,000 to $875,000. According to the company, the upsizing reflects strong investor demand and supports working capital and general corporate purposes, subject to TSX Venture Exchange approval and standard hold periods.

What are the terms of the LatAm Lithium (PFFOF) private placement Units?

Each Unit in LatAm Lithium’s private placement is priced at $0.05 and includes one common share and one common share purchase warrant. According to the company, every warrant allows purchase of one additional common share at $0.065 for two years from closing.

How long are the LatAm Lithium (PFFOF) private placement warrants valid and at what price?

The private placement warrants are valid for two years from closing at an exercise price of $0.065 per share. According to LatAm Lithium, each warrant entitles holders to buy one additional common share of the company during this period.

How will LatAm Lithium (PFFOF) use the $875,000 private placement proceeds?

LatAm Lithium plans to use the private placement proceeds for working capital and general corporate activities. According to the company, there are no proposed payments to Non-Arm's Length Parties, focusing funds on operational and corporate needs rather than related-party transactions.

Are there resale restrictions on the new LatAm Lithium (PFFOF) shares from this financing?

Yes. Any shares issued in the private placement will be subject to a four-month-and-one-day hold period. According to LatAm Lithium, this standard restriction limits immediate resale of the securities following closing of the financing.

Is the upsized LatAm Lithium (PFFOF) private placement already closed?

No, closing of the private placement remains subject to TSX Venture Exchange approval. According to LatAm Lithium, the financing terms, including Units and warrants, will take effect once the transaction closes and regulatory conditions are satisfied.