Discovery Lithium Inc. announced a non-brokered private placement of 1,538,461 flow-through units of the company at a price of CAD 0.65 per flow-through unit for gross proceeds of up to CAD 999,999.65 on November 1, 2023. Each flow-through unit consist of one common share of the company and one-half of one share purchase warrant. Each warrant exercisable to acquire one non flow-through common share of the company at a price of CAD 0.75 per warrant share for a period of 24 months from the date of issuance.

The closing of the offering is subject to certain conditions, including, but not limited to, receipt of all necessary regulatory approvals. The company may pay finders' fees in connection with the offering.