SPOD Lithium upsizes private placement to $500,000

SPOD Lithium Corp. (CSE: SPOD) (OTCQB: SPODF) announced it will increase its previously announced private placement offering to up to 25,000,000 units at $0.02 per unit for aggregate gross proceeds of up to $500,000.

Each unit consists of one common share and one warrant. The warrants entitle holders to purchase one additional common share at $0.05 per share within 24 months of the closing date.

The company plans to use net proceeds for general working capital purposes. The securities will be offered to qualified purchasers under exemptions from prospectus and registration requirements.

Directors and officers of the company may participate in the offering, which constitutes a related party transaction under Multilateral Instrument 61-101. Such participation is expected to be exempt from formal valuation and minority shareholder approval requirements.

SPOD Lithium may pay finders' fees to eligible finders in connection with the offering, subject to applicable securities laws and Canadian Securities Exchange policies.

All securities issued will be subject to a statutory hold period of four months and one day from the issuance date. The first tranche closing is expected to occur on or about October 21, 2025, subject to customary closing conditions and CSE policy compliance.

The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemptions.

SPOD Lithium is an exploration and development company focused on lithium resources with properties located in Quebec and Ontario, Canada. The information is based on a company press release.

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