Consolidated Lithium Metals Inc. announced a best efforts non-brokered private placement to issue 50,000,000 units at an issue price of CAD 0.06 per Unit for gross proceeds of up to CAD 3,000,000 on November 1, 2023. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant entitles the holder to acquire one additional common share at an exercise price of CAD 0.08 for a period of 36 months from issuance.

Closing of the Offering is expected to occur on or about November 15, 2023. All securities issued in connection with the Offering will be subject to a statutory hold period of four-months and one day. Completion of the Offering is subject to a number of conditions, including without limitation, receipt of TSX Venture Exchange approval.

Finder?s fees may be paid to eligible finders in accordance with the policies of the TSXV consisting of a cash commission equal to up to 6% of the gross proceeds raised under the Offering and finder warrants in an amount equal to up to 6% of the number of Units sold pursuant to the Offering. Each Finder Warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.08 per share for a period of 24 months following the closing date of the Offering.