Lithium Ionic Corp. (TSX-V: LTH) (OTCQB: LTHCF) (FSE: H3N) reports that is has closed the first tranche of its previously announced non-brokered private placement financing of 18,350,141 units at $0.70 per Unit for gross proceeds of $12,845,098 announced on September 22, 2025 and September 25, 2025. The Company is announcing a final upsize of the private placement which shall now be comprised of up to 26,080,141 Units at $0.70 per Unit for gross proceeds of up to $18,256,099. The books are closed on the Upsized Offering and Lithium Ionic expects to close the final tranche of the Upsized Offering on or about October 3, 2025.

Each Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.90 per Common Share for a period of 24 months following the date of issuance.

The Upsized Offering was backed by Martin Rowley, a recognized leader in the lithium industry and a proven builder of multi-billion-dollar mining companies, members of RTEK International DMCC, an experienced team of lithium veterans recognized for successfully designing and developing projects worldwide, as well as key strategic shareholders.

The Company plans to use the aggregate net proceeds of the for development of its Brazilian properties and general corporate purposes.

The securities being issued pursuant to the Upsized Offering are subject to a four-month hold period under applicable securities laws.   The Upsized Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

Certain insiders of the Company are expected to acquire 912,179 Units in the Upsized Offering. Any participation by insiders in the Upsized Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, is expected to exceed 25% of the Company’s market capitalization.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its flagship Itinga and Salinas projects cover 14,668 hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district. The Itinga Project is situated in the same region as CBL’s Cachoeira lithium mine, which has produced lithium for +30 years, as well as Sigma Lithium Corp.’s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.