09:17 AM EDT, 06/09/2025 (MT Newswires) -- Century Lithium ( CYDVF ) , which lost 3.7% last Friday, on Monday announced a financing under the Listed Issuer Financing Exemption, through which it plans to raise a minimum of $2 million and a maximum of $5 million through an offering.

The offering will include up to around 16.6 million units at a price of $0.30 each. Each unit will be made up of one common share and a two-year warrant to buy one common share at a price of $0.45. The warrants will be subject to an accelerated expiry provision.

The company said that the offering is expected to close on or about July 7, with net proceeds slated to complete an updated feasibility study for the Project, complete the Project's Plan of Operations, work towards NEPA compliance and, general working capital. The offering is subject to certain conditions, including the receipt of all necessary approvals, such as the approval of the TSX Venture Exchange.