LONESTAR LITHIUM LTD.
Raise of up to $1,000,000
The Offering:
Up to 6,666,667 Common Shares
Each Common Share is priced at $0.15
Minimum order: $3,000
The offering is available to investors utilizing the accredited investor exemption
The offering is NOT RRSP/TFSA eligible
Exchange: Private
Symbol: Private
Current Share Price: N/A
Use of Proceeds:
The proceeds raised from the issuance of the Shares will be used by the Company for the acquisition of mineral leases in Texas, USA, exploration programs on these acquired leases and general working capital.
Corporate Structure:
About Lonestar Lithium Ltd.:
Lonestar Lithium Ltd. (“Lonestar” or the “Company”) is a Texas-focused company acquiring and developing lithium projects in the highly prospective Smackover Formation, where the presence of lithium has been demonstrated by a comprehensive multiyear analysis of existing conventional oil well data logs. The Company’s work has been focused on identifying targets and acquiring land through an ongoing direct leasing program to establish an initial land position. On a parallel basis, Lonestar is engaged in various strategic discussions to increase its land holdings via potential mergers and acquisitions. After resources have been delineated and technical studies completed, direct lithium extraction (“DLE”) technology will be employed to responsibly and efficiently extract lithium from the brines. Lonestar’s goal is to become the leading producer of lithium in Texas.
Click here to view the Lonestar Lithium Term Sheet
An Investor Deck is available upon request.
Investment Highlights/Risks:
WHY TEXAS?
World-class infrastructure, including well bores, rail, roads, pipelines and access to energy.
Extensive history of oil and gas production has resulted in supportive and encouraging regulatory environment for lithium brine exploration and development activities.
Significant local demand for lithium hydroxide; local production will reduce reliance on foreign supplies.
Highly-trained workforce in extractive industries.
2nd largest economy in the USA and very business-friendly tax regime.
Experienced Management Team.
As of June 1st, 2024, Lonestar has 3,849 acres under lease with an additional 3,178 acres under active negotiation. These leases are being secured directly with landowners. An additional 15,000 acres is under offer, including one 8,000 acre parcel.
The Company’s strategy entails targeting land that has minimum grades of 300 ml (most average between 350 and 550 ml).
Lonestar is also focusing on land parcels that have historic wells onsite, which will allow the Company to secure brine samples and confirm historic well samples at a much lower cost than drilling fresh wells.
Although management of the Company has advised that it intends for the shares issued under this Offering to be publicly listed, there is no guarantee that this will occur in the anticipated timeframe or at all.
There is currently no trading market for the securities offered in the Offering.
Ascenta Offerings are available on a ‘first-come, first-served’ basis. Please express your interest in participating in this financing and we will attempt to hold a position for you. Once you have been confirmed, we will provide you with a Subscription Agreement and Ascenta’s Know Your Client information.
Members of Ascenta may invest alongside its network in this offering.
Closing of this financing is targeted for July 15, 2024.
The Company has agreed to pay Ascenta a finder’s fee of up to 5% cash and 5% common shares for the financing.