ACME Lithium Closes Second Tranche of Personal Placement Financing

Vancouver – ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the “Firm” or “ACME”) is happy to announce, following its 4.45 million Canadian {dollars} funding press launch Could 16, 2022it closed a second and ultimate tranche of its financing by non-public placement with out an middleman of 1.25 million Canadian {dollars} for a mixed whole gross product of 5.7 million Canadian {dollars}.

By the financing, ACME’s working capital is roughly 11.9 million Canadian {dollars} with none debt.

The non-public placement consisted of: i. The issuance of 232,482 items (the “Models”) at a worth of CA$1.08 per unit for gross proceeds of CA$250,000. Every unit consists of 1 frequent share and half a typical share buy warrant. Every entire warrant entitles its holder to buy one extra frequent share at a worth of CA$1.40 per share for 3 (3) years and ii. The issuance of 666,668 flow-through items (the “FT Models”) at a worth of CA$1.50 per Unit FT for a gross product of C$1,000,002. Every FT unit consists of 1 flow-through frequent share and one-half non-flow-through frequent share buy warrant. Every entire warrant entitles its holder to buy one extra frequent share at a worth of CA$1.80 per share for 2 (2) years.

Accrued finder’s charges of (i) CA$87,500 money, (ii) 46,667 warrants exercisable for 2 (2) years from $1.80and (iii) 16,204 warrants exercisable for 3 (3) years from $1.08 have been paid.

ACME will use the product 100% owned by Cat-Euclid and Shatford Lake lithium initiatives within the southeast Manitoba and his Clayton Valley and Fish Lake Valley, Nevada initiatives, in addition to for normal working capital functions.

All securities issued pursuant to the non-public placement will probably be topic to, amongst different issues, a maintain interval of 4 months and at some point in accordance with relevant Canadian securities legal guidelines.

On ACME Lithium Inc.

Led by an skilled crew, ACME-Lithium is a mining exploration firm centered on buying, exploring and growing battery steel initiatives in partnership with main expertise and commodity corporations. ACME has acquired or has the choice to amass a 100% curiosity in potential lithium initiatives in United States and Canada.

Contact:

Steve Hansson

Tel: (604) 564-9045

Electronic mail: [email protected]

This press launch could comprise forward-looking info inside the which means of relevant securities legal guidelines (“forward-looking statements”). There will be no assurance that the proceeds of the Personal Placement will probably be used strictly as set forth on this press launch. Ahead-looking statements are topic to quite a lot of dangers and uncertainties that would trigger precise occasions or outcomes to vary materially from these mirrored herein, together with, with out limitation: dangers referring to adjustments within the works forecasts ensuing from climate, logistical, technical or different components; the likelihood that the outcomes of the work won’t meet expectations and understand the perceived potential of the Firm’s properties; the danger of accidents, gear failures and labor disputes or different unexpected difficulties or disruptions; the potential of value overruns or unexpected bills within the work program; the danger of environmental contamination or injury ensuing from the Firm’s operations and different dangers and uncertainties.

Any forward-looking assertion speaks solely as of the date on which it’s made and, besides as required by relevant securities legal guidelines, the Firm disclaims any intention or obligation to replace any forward-looking assertion, whether or not because of new info, future occasions or outcomes or in any other case.