Placement Raises $2.5 Million

• Binding commitments received to raise $2.5 million
• Placement shares issued at $0.016 per share, a 2% premium to 15-day VWAP
• Participants to receive free attaching options with exercise price of $0.008 expiring 2028

Lithium Universe Limited (ASX: LU7) has announced that it has received binding commitments from sophisticated and professional investors to raise $2.5 million through a placement. The placement will be undertaken in two tranches, with the first tranche of 153.75 million shares raising $2.46 million and the second tranche of 2.5 million shares raising $40,000, subject to shareholder approval. The placement shares will be issued at $0.016 per share, which represents a 2% premium to the 15-day volume-weighted average price (VWAP). Participants in the placement will also receive, subject to shareholder approval, free attaching options based on one option for every four shares issued, with each option having an exercise price of $0.008 and expiring on 7 August 2028. The funds raised from the placement will be used for the company's Solar Panel Recycling project, the Bécancour Lithium Refinery project, and working capital purposes. Lithium Universe's Executive Chairman, Iggy Tan, stated that the placement outcome, at a premium to the 15-day VWAP, reaffirms support for the company's strategic direction.

Lithium Universe is committed to ensuring that both its lithium and PV solar recycling strategies help meet the world's growing demand for clean energy, while offering a sustainable solution to the challenges of resource scarcity and waste management.