Arctic Fox Lithium Corp. Closes Second Tranche of Private Placement and Appoints New CEO

VANCOUVER, BRITISH COLUMBIA — January 13, 2026 — Leads & Copy — Arctic Fox Lithium Corp. has announced the closing of the second tranche of its non-brokered private placement, consisting of 3,200,000 units at CAD $0.10 per unit, for gross proceeds of CAD $320,000.

Each unit includes one common share and one share purchase warrant. The warrant allows the holder to acquire one additional share at CAD $0.12 for 24 months from the issuance date.

The company said the gross proceeds of CAD $500,000 from both tranches will be used for general working capital purposes. Securities issued are subject to a four-month hold period per securities laws. No finder’s fees were paid.

Arctic Fox Lithium Corp. also announced the appointment of Kirby Renton as its new director, President, and CEO, effective immediately. Renton has over 20 years of experience in business development, acquisitions, land services, and operational leadership, with roles at UraniumX Development Corp., Novacor Exploration, Foundation Auto Group, Border Surplus Management, Renton Land Services, and Predator Midstream.

Renton succeeds Eddy Siu, who resigned as a director, and Harry Chew, who resigned as President and CEO. Chew will remain on the board of directors.

Arctic Fox Lithium Corp. is focused on acquiring and developing mineral properties containing battery, base, and precious metals. Its Pontax North Lithium Project, consisting of 2,756 hectares, is located near Allkem Ltd.’s James Bay Lithium Project and Stria Lithium Inc.’s Pontax Lithium Project in northern Québec. The company is planning a second-phase exploration program at Pontax North and is evaluating opportunities in the rare earth element and critical-minerals sectors.

Kirby Renton, Director, President and CEO. Phone: (604) 689-2646

Source: Arctic Fox Lithium Corp.