Unlocking the Power of Lithium: Eureka Lithium Corp Secures LIFE Financing

Vancouver, British Columbia–(Newsfile Corp. – November 29, 2024)

Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”) announces that it intends to complete a non-brokered private placement financing (the “Offering”) of up to 2,666,666 units of the Company (each a “Unit”) at a price of $0.15 per Unit, for aggregate gross proceeds of up to $400,000. Each Unit shall consist of one (1) common share of the Company (each a “Share”) and one (1) Share purchase warrant (each a “Warrant”), with each Warrant entitling the holder to purchase one (1) Share at an exercise price of $0.205 for a period of 24 months.

Lithium is a key component in rechargeable lithium-ion batteries, which are used in various applications such as electric vehicles, smartphones, laptops, and energy storage systems. As the demand for these products continues to rise, the need for a stable and secure supply of lithium becomes more important than ever.

By securing financing through the Offering, Eureka Lithium Corp. is well-positioned to further develop its lithium mining projects and expand its operations. This will not only drive growth for the company but also contribute to the overall supply of lithium in the market.

Impact on Individuals:

For individuals, the increased supply of lithium could lead to a more stable pricing of lithium-ion batteries, making electric vehicles and other lithium-powered devices more affordable. This could incentivize more people to switch to clean energy solutions, reducing their carbon footprint and contributing to a more sustainable future.

Impact on the World:

On a global scale, securing a stable supply of lithium is crucial for the transition to a low-carbon economy. The development of renewable energy sources, such as solar and wind power, relies on energy storage systems that use lithium-ion batteries. By expanding its lithium mining projects, Eureka Lithium Corp. is playing a key role in supporting the widespread adoption of clean energy technologies around the world.

Conclusion:

The securing of LIFE financing by Eureka Lithium Corp. represents a significant milestone in the unlocking of the power of lithium for both individuals and the world. As the demand for lithium-ion batteries continues to grow, ensuring a stable and secure supply of lithium is essential for the transition to a sustainable and low-carbon future.