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VANCOUVER, BRITISH COLUMBIA – TheNewswire - (November 13, 2025) – Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) (the “Company”) Arctic Fox Lithium Corp. (“Arctic Fox” or, the “Company”) is pleased to announce that it will consolidate its issued and outstanding common shares (the “Shares”) on the basis of one (1) new common share for every ten (10) existing common shares (the “Consolidation”).

The Company believes the Consolidation will help position the Company to appeal to a broader base of investors and enhance its capital markets profile. The Consolidation was approved by the Board of Directors on November 10, 2025. The record date for the Consolidation has been set as November 18, 2025, with trading of the post-consolidation shares expected to begin on or about November 18 2025, subject to final acceptance by the Canadian Securities Exchange (the “CSE”).

Following the Consolidation, the Company’s name and ticker symbol will remain unchanged, while its new CUSIP and ISIN numbers will be 03967C207 and CA03967C2076, respectively. As of the date of this news release, the Company has 70,467,381 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 7,046,738 common shares outstanding, subject to rounding. No fractional shares will be issued; any resulting fractional share will be rounded down to the nearest whole share. The exercise or conversion terms of all outstanding warrants, stock options, and other convertible securities will be proportionally adjusted to reflect the Consolidation ratio. A letter of transmittal will be provided to registered shareholders holding certificates or direct registration statements (“DRS”) outlining the process for exchanging their pre-Consolidation shares for post-Consolidation shares. Shareholders who hold their shares through a broker or other intermediary will have their accounts automatically updated in accordance with the intermediary’s procedures.

Private Placement

The Company further announced its intention to complete a non-brokered private placement of up to 1,000,000 common shares in the capital of the Company (each a “Share”) at CAD$0.10 per Share (on a post-Consolidation basis) for a target amount of up to CAD$100,000 (the “Private Placement”). All shares issued pursuant to the Private Placement will be subject to a hold period of four (4) months plus one (1) day from the date of issuance and the resale rules of applicable securities legislation.

The closing of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals. The Company may close the offering in one or more tranches. Insider participation is not anticipated at this time. The proceeds from the Private Placement will be general working capital. In connection with the Private Placement, the Company may pay finder’s fees to qualified nonrelated parties, in accordance with the policies of CSE.

Debt Settlement

The Company further announces it has entered into debt settlement agreements (the “Settlement Agreements”) to settle outstanding debts owed to certain arm’s length creditors (the “Creditors”) totaling an aggregate of CAD $ 349,935 (the “Debt Settlement”). Pursuant to the Settlement Agreements, the Company has agreed to issue an aggregate of 3,499,350 common shares (“Shares”) at a deemed price of CAD $0.10 per Share (on a consolidated basis), subject to the approval of the CSE. The board of directors of the Company determined that it is in the best interests of the Company to complete the Debt Settlement in order to preserve the Company's cash for working capital.

About Arctic Fox Lithium Corp.

 

Arctic Fox Lithium Corp. is a junior mineral exploration company focused on the acquisition and development of mineral properties containing battery, base and precious metals. The Company’s 2,756-hectare Pontax North Lithium Project (“Pontax North”) is located 12 km south of Allkem Ltd. (ASX/TSX:ALLKEM) (“Allkem”) James Bay Lithium Project and 12 km north of Stria Lithium Inc.’s (CSE:SRA) Pontax Lithium Project, located in northern Québec, approximately 130 km east of the Eastmain Cree Nation’s community.

For further information, please contact:

Harry Chew, President, CEO

Phone: (604) 689-2646

On behalf of the Board of Directors,

 

“Harry Chew”

 

Harry Chew       

President & CEO

Arctic Fox Lithium Corp.

  

Twitter: https://twitter.com/arcticfoxLi

LinkedIn: https://www.linkedin.com/company/arcticfoxlithium

Facebook: https://www.facebook.com/arcticfoxlithium

Instagram: https://www.instagram.com/arcticfoxlithium

YouTube: https://www.youtube.com/@arcticfoxlithium

  

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

Forward-Looking Information: Except for statements of historic fact this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan” “expect” “project” “intend” “believe” “anticipate” “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward- looking statements including but not limited the Consolidation, the Private Placement and the Debt Settlement. There are uncertainties inherent in forward-looking information including factors beyond the Company’s control. There are no assurances that the business plans for Arctic Fox described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators which are available at www.sedarplus.ca