Lithium Energi Exploration, Inc. announced a non-brokered private placement of 2,666,667 units at a price of CAD 0.1875 per unit for gross proceeds of CAD 500,000 on February 1, 2023. The transaction will include participation from Triangle Lithium Argentina, S.A. Each unit consists of one common share one common share purchase warrant. Each common share purchase warrant will have an exercise price of CAD 0.30 per common share and a term of 36 months from the closing date of the transaction.

The transaction is subject to approval of the TSX Venture Exchange.