Lithium Energi Exploration Inc. today announces the resignation of Eamonn McInerney, the former nominee to the Company's board from Arena Investors LP . The Company is also announcing that it received a demand notice from its senior secured creditor Arena for payment of $7,172,527.29 outstanding pursuant to the secured credit agreement entered into between the Company and Arena on February 1, 2023, as amended , and a [...]
Lithium Energi Exploration Inc. is pleased to announce, further to its news release dated July 18, 2024, and August 28, 2024, it has closed the second and final tranche of its non-brokered private placement of units of the company for gross proceeds of C$3,362,405.75. Upon closing of the Second Tranche, an aggregate of 82,248,115 Units were issued under the Offering for aggregate gross proceeds of C$4,112,405.75. Each [...]
Arena Investors, LP announces that through the completion of a private placement with Lithium Energi Exploration Inc. , it, through certain investment funds managed by it, acquired ownership of 15,000,000 units of LEXI at a price of $0.05 per Unit for aggregate consideration of $750,000. Each Unit consists of one common share in the capital of LEXI and one full common share purchase warrant with each Warrant entitling the [...]
Lithium Energi Exploration Inc. , a leading exploration company focused on the acquisition, exploration, and development of lithium brine assets in Argentina, is pleased to announce its approval for trading on the OTCQB Venture Market in the United States, effective October 31, 2023. Within a short period, LEXI has demonstrated significant operational aptitude, particularly in the rollout of its lithium exploration and [...]
Lithium Energi Exploration Inc. , a green energy company focused on the acquisition, exploration, and development of lithium brine assets in Argentina, announced today that it will form a special committee of independent directors to initiate with the CEO a review process to explore, review and evaluate a broad range of strategic alternatives that may be available to the Company to unlock shareholder value. The Special [...]
Lithium Energi Exploration Inc. has agreed to settle a portion of the interest payment due to Arena Investors, LP as at September 20, 2023 in common shares of LEXI . Pursuant to the credit agreement dated February 1, 2023 between Arena and the Company, as amended, , as at September 20, 2023, the Company will owe Arena interest in the amount of $211,726. Arena has elected to take payment of $105,863 of such amount through [...]
Lithium Energi Exploration Inc. , a leading exploration company focused on the acquisition, exploration, and development of lithium brine assets in Argentina, is thrilled to announce the appointment of Mr. Jason Nalewanyj as its new Chief Financial Officer. Mr. Nalewanyj brings over 18 years of financial expertise, having held pivotal roles in capital market strategies, fundraising, M&A advisory, and go-public mandates [...]
Lithium Energi Exploration Inc. is pleased to announce the commencement of a new geophysical exploration campaign in its Antofalla South Project, marking another significant step in our journey to produce the lithium required to actually build the energy transition. Surface geophysics is an important part of defining brine drilling targets and resources. Electrical geophysics uses variations in physical properties to map [...]
Lithium Energi Exploration Inc. announces the resignation of Arena Investors' LP nominee to the Company's board, Daniel Blanks as a director of the Company, and the appointment of Eamonn McInerney as the new Arena Investors LP nominee to the Company's board, effective immediately. The Company wishes to thank Mr. Blanks for his valuable contribution to the Company. Mr. McInerney bring a wealth of experience when it comes [...]
Lithium Energi Exploration Inc. is pleased to confirm it has closed its previously-announced settlement of a portion of the interest payment due to Arena Investors, LP in common shares of LEXI on June 20th, 2023. Upon receipt of TSXV approval, LEXI settled $70,192 of the interest payable to Arena as at June 20, 2023 through the issuance of 340,738 Common Shares at a deemed price equal to $0.206 per Common Share, being the [...]
Lithium Energi Exploration Inc. has agreed to settle a portion of the interest payment due to Arena Investors, LP as at June 20, 2023 in common shares of LEXI . Pursuant to the credit agreement dated February 1, 2023 between Arena and the Company, as amended, , as at June 20, 2023, the Company will owe Arena interest in the amount of $142,685.33. Arena has elected to take payment of $71,342 of such amount through the [...]
Lithium Energi Exploration Inc. is pleased to announce the commencement of its Antofalla North Project drilling campaign. This significant milestone marks the start of a new chapter in LEXI's journey to provide the lithium needed to actually build the green energy economy. The drilling campaign, led by Dr. Gerardo Romero Agüero, President of Lithium Energi Argentina S.A. and LEXI Director, has already reached the first 40 [...]