Arctic Fox Completes Final Tranche of Private Placement

Arctic Fox Lithium Corp. has closed the last segment of its non-brokered private placement, securing $3 million in gross proceeds. The company issued 5,756,000 units at $0.24 each, with each unit comprising one common share and one warrant. These warrants allow for the purchase of an additional common share at $0.315 until April 10, 2028.

The funds raised will be allocated to general working capital and exploration activities for Arctic Fox's mineral projects. Brokers assisting in the closing received $96,700.80 plus 402,920 broker warrants, each valid until April 2028.

The offer was structured to comply with exemptions under Canadian and U.S. law, ensuring no further prospectus or registration was necessary for investors outside these regions. Notably, securities in Canada have a four-month-and-one-day hold period.