NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Winnipeg, Manitoba, October 23, 2025 – Beyond Lithium Inc. (the “Company” or “Beyond”) (CSE:BY) (OTCQB:BYDMF) is pleased to announce that it has completed:
- the second and final tranche of its previously announced non-brokered private placement of 4,622,546 units of Company (the “Units”) at a price of $0.03 per Unit for aggregate gross proceeds of $138,676.38 (the “Final Tranche”); and
- the previously announced debt settlement transaction (the “Debt Settlement”) with the management company of the Company’s President and CEO, Allan Frame, for the issuance of 2,800,000 Units at a deemed price of $0.03 per Unit to settle an outstanding debt of $84,000 in management fees (see news releases dated July 8, 2025, July 29, 2025, and August 29, 2025).
Together with the first tranche of the offering completed on August 28, 2025 for aggregate gross proceeds of $161,323.62 (the “First Tranche” and together with the Final Tranche, the “Offering”), the Company raised a total of $300,000 under the Offering. Each Unit issued under the Offering consists of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder thereof to purchase one Share at price of $0.10 per Share for a period of 24 months following the date of issuance.
The Units issued under the Offering were issued to purchasers pursuant to the listed issuer financing exemption (the “LIFE” or “LIFE Exemption”) under Part 5A.2 of National Instrument 45-106 – Prospectus Exemptions in all provinces of Canada, except Quebec.