Consolidated Lithium Metals Announces First Tranche Closing of Private Placement Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, March 18, 2026 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | FRA: Z36 | OTCQB: JORFF) (“CLM” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered offering (the “Offering”) of securities of the Company. The Company obtained aggregate gross proceeds of approximately $7,885,000 by issuing securities, in a combination of: 27,500,000 units of the Company (each, a “LIFE Unit”) that were issued pursuant to the Listed Issuer Financing Exemption (as defined herein) and other available exemptions from Canadian prospectus requirements at a price of $0.08 per LIFE Unit for an aggregate of $2,200,000 in gross proceeds.