LTUM Adds Quebec to C$5.4M Placement, Files 2025 Audited Statements
LTUM•LTUM amended its offering document to include Quebec in a non-brokered placement of 44.9 million non-flow-through units at C$0.11 and 3.33 million flow-through units at C$0.15, targeting C$5.4 million. The company filed audited 2025 financial statements, securing removal of its cease trade order and closing its arrangement and TSXV delisting.
1. Offering Document Amendment
On May 28, LTUM filed an amended offering document to include Quebec as an eligible jurisdiction for its non-brokered private placement. This expands the geographic reach of the offering beyond its initial parameters, potentially broadening investor access and demand.
2. Private Placement Details
The placement comprises up to 44.9 million non-flow-through units priced at C$0.11 each and 3.33 million flow-through units at C$0.15 each, aiming to raise C$5.4 million in gross proceeds. The financing structure is designed to support project development and operational initiatives.
3. 2025 Audited Statements and CTO Revocation
LTUM filed its audited financial statements, MD&A and related certifications for the year ended December 31, 2025. The British Columbia Securities Commission removed its cease trade order on May 25, restoring the company’s full trading status.
4. Plan of Arrangement and TSXV Delisting
Following the filing of required documents, LTUM completed its plan of arrangement on May 25 and formally delisted from the TSX Venture Exchange. This transition reflects the company’s updated strategic focus and capital market positioning.
