Lithium One Metals Inc. announced a non- brokered private placement of up to 6,250,000 common shares at a price of CAD 0.25 per share for gross proceeds of up to CAD 1,562,500 on July 28, 2023. The securities issued under the financing will have a hold period of four months and one day from the date of issuance. The company pay the finders' fees may be payable in whole or in part of the placement, subject to the policies of the TSX Venture Exchange.

The company anticipates closing of the placement as soon as practicable subject to receipt of all necessary regulatory approvals.