Business
Beyond Lithium Completes Flow-Through Private Placement and Provides Owl Creek Project Update
Winnipeg, Manitoba--(Newsfile Corp. - December 18, 2025) - Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to provide an update on its Owl Creek Project in British Columbia and to announce the completion of a non-brokered private placement of 10,748,750 flow-through units of the Company (the "Units") at a price of $0.04 per Unit for aggregate gross proceeds of C$429,950 (the "Offering"). The OfferingEach Unit consists of one common share in the...
About this update from Beyond Minerals Inc
[{"type":"text","content":"Winnipeg, Manitoba--(Newsfile Corp. - December 18, 2025) - Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to provide an update on its Owl Creek Project in British Columbia and to announce the completion of a non-brokered private placement of 10,748,750 flow-through units of the Company (the "Units") at a price of $0.04 per Unit for aggregate gross proceeds of C$429,950 (the "Offering").","length":490,"tagName":"p"},{"type":"text","content":"The Offering","length":12,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share in the capital of the Company that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (a "Flow-Through Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one non-flow-through common share in the capital of the Company for a period of twenty-four (24) months from the date of issuance at an exercise price of $0.10 per share, subject to customary adjustment provisions.","length":598,"tagName":"p"},{"type":"text","content":"Allan Frame, President and CEO of Beyond Lithium, commented, "The Company is very pleased to raise this capital and thanks all participants. These funds will enable us to further explore our three properties with the intent to move them all to drilling status. Our goal is to increase shareholder value through discovery. We wish all the best of the season to all our friends and shareholders."","length":404,"tagName":"p"},{"type":"text","content":"The gross proceeds from the Offering will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada) and, in respect of the gross proceeds from B.C. investors, that will also qualify as "BC flow-through mining expenditures" as defined in the Income Tax Act (British Columbia) (the "Qualifying Expenditures") related to the Company's projects. All Qualifying Expenditures will be renounced in favour of the subscribers of the Units effective December 31, 2...