LibertyStream plans C$20M private placement for lithium operations

LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) announced a non-brokered private placement of up to 25,000,000 units at C$0.80 per unit, seeking aggregate gross proceeds of up to C$20,000,000.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at C$1.10 per share for 24 months from closing.

Company insiders, including President and CEO Alex Wylie, are expected to participate in the offering for a combined C$1,700,000. The company said this constitutes a related party transaction under Multilateral Instrument 61-101 but is relying on exemptions from valuation and minority shareholder approval requirements, as insider participation does not exceed 25% of the company's market capitalization.

The first closing is expected on or about July 23, 2026, pending approval from the TSX Venture Exchange and other customary conditions. The offering has been unanimously approved by the board of directors.

The company said net proceeds will fund development of its direct lithium extraction technology, scale-up of lithium carbonate production facilities in the Midland Basin in Texas, lithium product sampling for potential customers, and general working capital.

LibertyStream may pay registered dealers a cash commission of up to 6% of gross proceeds and issue compensation warrants equal to up to 6% of units sold through such dealers, subject to TSXV approval.

The company also stated it intends to file a registration statement with the U.S. Securities and Exchange Commission to register common shares underlying the units for resale within five business days of any future listing on a U.S. stock exchange, with efforts to obtain SEC effectiveness within 60 days of filing. No assurance was given that such a listing or registration will occur.

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