07:33 AM EDT, 09/19/2025 (MT Newswires) -- Lithium Chile ( LTMCF ) overnight Thursday said it agreed with its agents, Canaccord Genuity, as lead agent and sole bookrunner, and Moneta Securities, to increase the size of its previously announced "best efforts" private placement to up to 13 million units for gross proceeds of up to C$6.5 million from gross proceeds of up to $5 million.

The units will be priced at $0.50 each.

The company also granted the agents an option, exercisable in whole or in part at any time prior to the closing of the offering, to arrange for the sale of up to an additional 1.95 million units at the offering price, for additional gross proceeds of up to $975,000.

Each unit will include a share and a five-year warrant to buy a share in the capital of the company at $0.70 each.

The company will use the net proceeds of the offering to advance its existing mineral properties in Argentina and Chile, for general and administrative expenses, and working capital purposes.

The offering is expected to close on or about October 7, subject to the company receiving all necessary regulatory approvals.