Lodestar Battery Metals Corp. announced a non-brokered private placement of 4,000,000 flow-through units at a price of CAD 0.10 per share for gross proceeds of CAD 400,000 on December 19, 2022. Each unit consists of one flow through common share and one-half purchase warrant.

Each warrant entitles the holder to purchase one common share of the company at CAD 0.15 per share for a period of three years from issuance. The securities under the Offering will be subject to restrictions on resale expiring four months and day after issue. The Company may pay registered finders a fee in cash and/or share purchase warrants.

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