Arctic Fox Lithium Corp. Completes Private Placement and Debt Settlement

VANCOUVER, BRITISH COLUMBIA — December 12, 2025 — Leads & Copy —

Arctic Fox Lithium Corp. (CSE: AFX / FSE: O5K) has closed its non-brokered private placement of 1,800,000 units at CAD $0.10 per unit, raising CAD $180,000. Each unit includes one common share and one share purchase warrant, exercisable at CAD$0.12 for 24 months.

The company has upsized the private placement for aggregate gross proceeds of up to $500,000 in Units on the same terms.

Additionally, the company completed a share consolidation of one new share for every ten existing shares, effective November 18, 2025.

Arctic Fox has also settled outstanding debts of CAD $349,935 with creditors, issuing 3,499,349 common shares at CAD $0.10 per share. This included a related party transaction with company insiders, relying on exemptions from valuation and minority shareholder approval requirements.

Arctic Fox Lithium Corp. focuses on mineral exploration, including its Pontax North Lithium Project in northern Québec, and evaluates opportunities in the rare earth element and critical-minerals sectors.

For further information, please contact: Harry Chew, President, CEO Phone: (604) 689-2646

Source: Arctic Fox Lithium Corp.