CLM Provides Update on $300,000 Private Placement Flow-Through Financing

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TORONTO, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company”) announces today that it has amended the terms of its previously announced non-brokered private placement financing (the “Initial Offering”). The Initial Offering previously consisted of up to 15,000,000 common shares of the Company issued on a “flow-through basis” at a price of $0.02 per share for gross proceeds of up to $300,000. The Company now intends to issue up to 12,000,000 units (each, a “Unit”) at a price of $0.025 per Unit for gross proceeds of up to $300,000 (the “Revised Offering”). Each Unit will be issued on a “flow-through basis” and will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.05 for a period of 24 months from issuance. For more information about the Initial Offering, please see the Company’s press releases dated September 23, 2024, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

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