LatAm Lithium Secures $874,981 in Private Placement Featuring Warrants

Details of Capital Raise and Unit Structure

LatAm Lithium successfully closed a private placement generating $874,981 in gross proceeds. The offering was structured with units priced at $0.05, providing investors equity participation alongside warrant components that offer additional upside potential within a single transaction.

A total of 17,499,620 units were issued, each comprising one common share and one common share purchase warrant. This structure enables investors to obtain immediate equity ownership while retaining the option to acquire more shares under predefined terms during the warrant period.

Warrant Terms and Validity Period

Each warrant grants the holder the right to purchase one additional common share at an exercise price of $0.065, a premium over the unit price of $0.05. This pricing reflects market expectations or the relative cost of capital for warrant holders compared to the base equity.

The warrants are exercisable for two years from the closing date, allowing holders ample time to evaluate operational progress and decide on exercising their rights. This 24-month duration aligns with typical warrant terms in mineral exploration financings, accommodating multiple potential company milestones.

Finder Compensation and Broker Warrants

An arm's length finder facilitated the private placement and will receive $24,000 in cash plus 480,000 broker warrants as compensation. This mixed remuneration is standard in Canadian capital markets, balancing immediate cash payments with long-term participation incentives.

The 480,000 broker warrants are non-transferable and exercisable into common shares at $0.065 per share for 24 months, matching subscriber warrant terms. The non-transferability restricts secondary market trading, maintaining a direct relationship between the finder and the company.

Share Hold Period and Trading Limitations

Shares issued are subject to a regulatory hold period of four months from closing, expiring November 22, 2026. After this date, holders may freely trade shares on public markets or privately without restrictions. This hold period complies with Canadian Securities Administrators guidelines, preventing immediate post-financing supply surges.

This stabilization period allows LatAm Lithium to advance exploration and communicate updates to the market. The mid-November 2026 expiry marks when liquidity constraints on initial investors will lift, an important factor for investment planning.

Use of Proceeds from Financing

Net proceeds of $874,981 will be used for working capital and general corporate purposes. While no detailed budget allocation was provided, this funding offers operational flexibility to meet liquidity needs and support strategic initiatives over the next year.

Working capital typically covers personnel, administrative expenses, regulatory compliance, and project upkeep. General corporate activities may include business development, investor relations, and discretionary projects supporting long-term strategy. This balanced allocation reflects a comprehensive operational approach.

Company Overview and Asset Portfolio

LatAm Lithium, headquartered in Vancouver, BC, focuses on lithium mineral exploration and development across the Americas. The company targets acquiring and advancing lithium resource properties through drilling, geological analysis, and resource definition, aligning with rising North American demand for diversified lithium supply.

In addition to lithium, LatAm Lithium holds 100% interests in two gold projects in northwestern Ontario: the drill-ready South of Otter project in the Red Lake district, and the Gold Creek project in the Thunder Bay area, which is optioned to Delta Resources Limited. This option arrangement transfers near-term exploration and funding obligations while preserving upside potential.

Timeline of Announcements and Financing Process

This private placement follows prior announcements on May 19 and July 16, 2026, which outlined the proposed financing structure, pricing, and terms. The multi-stage disclosure process ensures transparency and allows investor participation ahead of closing.

The financing process spanned approximately two months, accommodating regulatory reviews, subscriber documentation, and closing formalities typical for non-brokered private placements in the Canadian exploration sector. Investors had multiple opportunities to engage during this period.

Regulatory Compliance and Exchange Listings

LatAm Lithium trades on the TSX Venture Exchange (TSXV:LALI), OTC Pink (PFFOF), and Frankfurt Stock Exchange (POT). The TSXV listing subjects the company to regulatory and disclosure requirements overseen by the TSXV Regulation Services Provider. The TSXV reviewed this private placement announcement per its capital raise policies.

The TSXV's statement accepting responsibility for the release's adequacy is standard and does not constitute endorsement of the company’s prospects or securities. Investors should perform independent due diligence on LatAm Lithium’s operations, exploration results, and financial health.

Forward-Looking Statements and Risk Factors

This release contains forward-looking statements about LatAm Lithium’s business plans and future developments, which involve risks and uncertainties that could cause actual outcomes to differ materially. Exploration companies face risks including drilling failures, commodity price fluctuations, permitting delays, funding challenges, and operational hurdles that may impede achieving objectives.

Investors should understand that exploration-stage companies carry significant risk and may not develop commercial mineral resources. The company disclaims any obligation to update forward-looking statements except as required by law. Past results do not guarantee future discoveries or resource development. The recent fundraising does not imply validation of the company’s exploration model or project quality by third parties.