IberAmerican Lithium Corp announced a brokered financing of 38,888,889 subscription receipts at a price of CAD 0.18 per subscription receipt for gross proceeds CAD 7,000,000.02 on June 3, 2024. Each warrant shall entitle the holder thereof to acquire, subject to adjustment, one share at an exercise price of CAD 0.27 per share for a period of three years from the date on which the escrow release conditions are satisfied. It is anticipated to close on or about June 25, 2024.

In connection with the offering, the agent will receive cash commission equal to 7% of the gross proceeds of the offering (reduced to 3.5% in connection with subscription receipts purchased by certain investors on a president's list). The agent shall also receive warrants equal to 7% of the number of subscription receipts sold pursuant to the offering (reduced to 3.5% in connection with subscription receipts purchased by certain investors on a president's list). Each compensation warrant will entitle the holder thereof to subscribe for one share at the offering price for a period of 24 months following the closing of the proposed transaction.