Eureka Lithium Corp. announced a non-brokered private placement of up to 3,333,333 flow-through units at a price of CAD 0.54 per flow-through unit for aggregate gross proceeds of up to CAD 1,800,000 on November 24, 2023. Each flow-through unit shall consist of one common share and one-half of one share purchase warrant, with each warrant entitling the holder thereof to purchase a share at an exercise price of CAD 0.75 for a period of 24 months from the date of issuance.

The closing of the transaction is anticipated to occur on or about November 29, 2023. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The company may pay finders' fees to eligible arm's length persons with respect to certain subscriptions accepted by the company, in accordance with the policies of the Canadian Securities Exchange.

The flow-through units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.