NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

 

Vancouver, B.C. TheNewswire - June 18, 2025: SALi Lithium Inc. ("SALi" or the "Company") - (CSE: SALI) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the “Offering”) (see news releases of May 15, 2025 and June 16, 2025) for aggregate gross proceeds of CAD$784,001. The Company issued 4,060,000 hard dollar units (“HD Units”) of the Company, at a purchase price of $0.125 per HD Unit and 1,843,340 flow through units (“FT Units”) of the Company, at a purchase price of $0.15 per FT Unit. Each HD unit is comprised of one common share in the capital of the Company and one share purchase warrant (“HD Warrant”) exercisable into one common share at an exercise price of $0.25 per share for 24 months from closing, subject to accelerated expiry under certain conditions. Each FT Unit is comprised of one common share issued on a flow-through basis pursuant to the Income Tax Act (Canada) (“FT Shares”) and one-half of one common share purchase warrant (“FT Warrant”). Each whole FT Warrant is exercisable to acquire one common share at an exercise price of $0.25 for a period of 12 months from closing. All securities issued and issuable under the Offering are subject to a statutory hold period of four months and one day from the date of issuance. The Company paid a finder’s fee to Ventum Financial Corp consisting of $38,800 in cash and 308,800 non-transferable broker warrants otherwise on the same terms as the HD Warrants.

The net proceeds from the HD Units will be used to fund approximately $200,000 of additional exploration on the Company’s project in Argentina and for general working capital purposes. The gross proceeds from the FT Shares will be used to incur Canadian ‎eligible resource exploration expenses that will qualify as “Canadian exploration expenses” as ‎defined in the Income Tax Act (Canada) on the Company’s mineral interests in Quebec, Canada.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About SALi Lithium Inc.

 

SALi Lithium Corp. is a mineral exploration company dedicated to the discovery and development of mineral resources. The Company holds a controlling interest in the El Quemado Project, comprising 46 mining concessions totaling 58,000 hectares in Salta Province, Argentina. Additionally, the Company has a 4,680-hectare gold property located in the prolific Windfall God Camp in Quebec and 30,022 hectares covering two greenstone belts in the James Bay Region, Quebec, Canada.

 

On behalf of the Board of Directors,

 

Dustin Nanos

CEO and Director

1-587-577-9878

Email: Dustin@SouthAmericanLithium.com

Twitter: @Lithium_SALI

Website: www.SouthAmericanLithium.com

 

Cautionary Note on Forward-Looking Information

 

This news release contains certain forward-looking information and forward-looking statements, as defined under applicable securities laws (collectively referred to herein as “forward-looking statements”). These forward-looking statements are generally identified by words such as "believe," "project," “aim,” "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions, and in this news release include statements respecting the receipt of CSE approval, completion of additional tranches of the Offering, and the Company’s plans for the use of the proceeds of the Offering. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.