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Lithium ION Energy raised $600,000 via a private placement to fund its Mongolia lithium project and appointed an interim CEO.
Lithium ION Energy Limited announced on January 14, 2026, a corporate restructuring involving a non-brokered private placement of up to 15 million units at $0.04 each, raising up to $600,000, with $400,000 in firm commitments.
Each unit includes one common share and one warrant exercisable at $0.05 per share for 24 months.
Proceeds will support exploration and working capital.
The company also appointed Sreenath Didugu as interim CEO and refreshed its board, replacing outgoing directors.
The offering is subject to regulatory approval and a four-month hold period.
The company focuses on its Urgakh Naran lithium brine project in Mongolia.
Lithium ION Energy recaudó $600,000 a través de una colocación privada para financiar su proyecto de litio en Mongolia y nombró un CEO interino.