10:27 AM EDT, 08/22/2025 (MT Newswires) -- Century Lithium ( CYDVF ) was edging lower Friday after saying it will extend the closing of the second and final tranche of its previously announced financing to September 2, to accommodate the processing and completion of subscription agreements received.

Pursuant to the offering, the company said it shall issue up to 16.7 million units at $0.30 apiece for $5 million. Each unit consists of one common share warrant. Each Warrant entitles the holder to purchase one Common Share at an exercise price of$0.45 for a period of 60 months following the issuance of the Units.

On August 1, the company issued a total of 9.6-million units for $2.9 million and paid a total of $133,907 in cash fees and issued 446,355 non-transferable compensation warrants to certain arm's-length third party brokers. Each three-year compensation warrant entitles the holder to buy one share for $0.30.

Shares of the company were last seen down $0.005 at $0.275 on the TSX Venture Exchange.

Price: 0.28, Change: -0.01, Percent Change: -1.79