23:07:01 EDT Mon 21 Sep 2026
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Libertystream Infrastructure Partners Inc
Symbol LIB
Shares Issued 215,557,285
Close 2026-09-21 C$ 0.99
Market Cap C$ 213,401,712
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Libertystream issues $15M of 12% notes to Pathfinder

2026-09-21 22:24 ET - News Release

Mr. Alex Wylie reports

LIBERTYSTREAM ANNOUNCES ISSUANCE OF PROMISSORY NOTES

Libertystream Infrastructure Partners Inc. has issued 12 per cent promissory notes to Pathfinder Asset Management Ltd. in the aggregate principal amount of $15-million. The notes are senior and secured against all of the company's present and after-acquired property.

The principal balance of the notes will be payable on Sept. 21, 2027, provided that the company shall have the right to redeem and repay the notes at any time prior the maturity date, in whole or in part, without notice, bonus or penalty. The notes bear simple interest at a rate of 12 per cent per annum, with interest payable on the maturity date. The company intends to use the proceeds from the notes to finance capital expenditures related to its Freedom 1 facility with the remainder used for general working capital purposes or for such other purposes as the company may determine to be appropriate in its sole discretion.

In connection with the issuance of the notes, the company expects to issue an aggregate of 3,061,224 shares of common stock to Pathfinder. The bonus shares represent a value equal to 20 per cent of the aggregate principal amount of the notes, calculated at a price of 98 cents per bonus share, which was the closing price of the company's shares of common stock on Sept. 18, 2026, prior to the announcement of the notes. The bonus shares will be subject to a four-month hold period commencing on the date of issuance of the bonus shares, in accordance with applicable Canadian securities laws, plus a U.S. restricted period of 12 months from the issuance date of the bonus shares under Regulation S of the United States Securities Act of 1933, as amended, such that during such restricted period: (a) no sales may be made to U.S. persons (as that term is defined under Regulation S) for one year from the issuance date of the bonus shares; and (b) for sales to non-U.S. persons, the buyer must be bound to the same. The issuance of the bonus shares remains subject to the review and approval of the TSX Venture Exchange.

About Libertystream Infrastructure Partners Inc.

Libertystream is a lithium development and technology company aiming to be one of North America's first commercial producers of lithium carbonates from oil field brine. The company's strategy is to generate value for shareholders by leveraging management's hydrocarbon experience to deploy its proprietary DLE technology directly into existing oil and gas infrastructure, thereby reducing capital costs, lowering risks and supporting the world's clean energy transition. With four differentiating pillars, and a proprietary DLE technology and process, Libertystream's innovative approach to development is focused on generating the highest lithium recoveries with lowest costs, positioning the company for future commercialization. Libertystream is committed to operating efficiently and with transparency across all areas of the business staying sharply focused on creating long-term, sustainable shareholder value.

We seek Safe Harbor.

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