Vision Lithium Launches $750K Flow-Through Financing to Advance Sirmac Property Exploration

Vision Lithium Inc. has announced a non-brokered private placement offering to raise gross proceeds of between $500,000 and $750,000. The offering will consist of up to 25,000,000 flow-through common shares priced at $0.03 per share. The funds will be used to advance exploration activities at the company’s Sirmac property in Quebec, with a focus on high-grade cesium and lithium targets.

Exploration Plans at Sirmac Property

“The proceeds from this placement will go towards exploration of our Sirmac property, specifically the lithium and cesium targets we’ve developed over the past year,” said Yves Rougerie, President and CEO. “The recent high-grade cesium discovery on the property, with values as high as 1.94% Cs₂O, requires further geophysics, prospecting, geological mapping, trenching, and sampling to develop this new and exciting target. Additional work is also planned for the known lithium-rich areas to identify new discoveries.”

The exploration work will focus on advancing both the recently discovered high-grade cesium targets and the established lithium-rich zones within the Sirmac property.

Offering Details

The offering comprises flow-through shares that qualify as “flow-through shares” under Canadian tax laws. Vision Lithium will use the proceeds to incur “Canadian exploration expenses” and “flow-through critical mineral mining expenditures,” as defined by the Income Tax Act (Canada). These expenditures will be renounced in favor of subscribers, effective December 31, 2024.

All securities issued will be subject to a four-month hold period, and the offering is subject to approval by the TSX Venture Exchange. The company may also pay finder’s fees in accordance with TSXV policies.

About Vision Lithium Inc.

Vision Lithium is a junior exploration company focused on high-quality mineral assets in Canada, including lithium and copper properties. Its flagship project, the Sirmac lithium property in Quebec, has seen significant progress with the completion of a Preliminary Economic Assessment (PEA) in 2023. The company also owns the Godslith lithium property in Manitoba and a portfolio of base metal-rich properties in Quebec and New Brunswick.

This offering represents an important step in advancing Vision Lithium’s strategic goal of becoming a key player in the growing lithium-ion battery market, supporting the global energy transition.

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