Critical Elements Secures $6 Million Through Private Placement

Critical Elements Lithium Corporation has announced a private placement agreement with Red Cloud Securities Inc., fetching C$6 million. The deal involves the purchase of 5 million common shares at C$0.40 each and 6.67 million "flow-through shares" at C$0.60 each, with a total goal of C$1 million through the underwriters' option.

This funding will support the Corporation’s exploration at Rose West block and Nemaska Belt properties in Québec and other corporate functions. The funds from flow-through shares are allocated for specific exploration expenses, as defined by Canadian law, with renunciations scheduled by December 2025.

The offering closes on December 5, 2025, subject to regulatory approvals. Shares will be sold under Canadian securities exemptions, allowing free trade if bought in Canada. International sales will follow private placement norms, avoiding U.S. regulatory breaches.