Discovery Lithium Initiates Private Placement for $550,000

Discovery Lithium Inc., a Canadian exploration company, has announced a non-brokered private placement of up to 10,000,000 units at $0.055 per unit, amounting to up to $550,000. Each unit comprises one common share and one warrant, exercisable at $0.10 per share for two years. The proceeds are earmarked for working capital and property exploration. Closing hinges on regulatory approvals, and the firm may pay finder's fees. Securities issued will carry a statutory hold period of four months plus one day. This financing replaces an earlier proposed offering from August.

Discovery Lithium targets domestic energy freedom via lithium exploration. The company controls substantial mineral claims across Quebec and Ontario and pursues projects in Nevada and British Columbia. Despite forward-looking statements, uncertainties exist due to market conditions and regulatory decisions.