Spod Lithium Corp. announced a non-brokered private placement of up to 9,027,778 units at a price of CAD 0.135 per unit each unit for gross proceeds of up to CAD 1,218,750 on December 15, 2023. Each unit consisting of one flow-through class A common share and one-half of one transferable class A common share purchase warrant exercisable for a non-flow-through common share at CAD 0.12 for 24 months from the date of issuance.

The company may pay finders' fees in connection with the offering. The securities issued will be subject to a four-month hold period according to applicable securities laws of Canada.