Champion Electric Announces Closing of Shares for Debt Transaction

Toronto, Ontario--(Newsfile Corp. - March 25, 2026) - Champion Electric Metals Inc. (CSE: LTHM) (OTC Pink: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company") announces that it has completed its previously announced shares-for-debt transaction (the "Transaction") as originally disclosed in its news release dated March 17, 2026. Pursuant to the Transaction, the Company has settled an aggregate of $440,063.68 owed to arm's length creditors of the Company through the issuance of 44,006,638 common shares (the "Shares") in the capital of the Company at a deemed price of $0.01 per share.