SPOD Lithium Corp. Announces Proposed Name Change and Share Consolidation
SPOD Lithium Corp. (CSE: SPOD) (the "Company" or "SPOD") announces that it intends to change the Company's name from "SPOD Lithium Corp." to "Freedom Gold Corp." (the "Name Change"), reflecting the Company's strategic…
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2026) - SPOD Lithium Corp. (CSE: SPOD) (the "Company" or "SPOD") announces that it intends to change the Company's name from "SPOD Lithium Corp." to "Freedom Gold Corp." (the "Name Change"), reflecting the Company's strategic evolution and expanded focus on gold exploration and development after the disposition of its lithium properties.
Concurrently with the Name Change, the Company intends to proceed with a consolidation of its issued and outstanding common shares on the basis of fifteen (15) pre-consolidation common shares for one (1) post-consolidation common share (the "Share Consolidation"). The Company currently has 94,015,313 common shares issued and outstanding. Following the proposed Share Consolidation, the Company will have approximately 6,267,687 common shares issued and outstanding prior to the treatment of fractional shares. No fractional common shares will be issued as a result of the Share Consolidation.
The Name Change and the Share Consolidation have been approved by the board of directors of the Company but remain subject to the approval of the Canadian Securities Exchange (the "CSE").
Upon completion of the Name Change, the Company's common shares will continue to trade on the CSE at the opening of trading on May 8, 2026 under the ticker symbol "FRDM". In connection with the Name Change and Share Consolidation, the Company's common shares are assigned the new CUSIP number 35638E105 and the ISIN identifier CA35638E1051.
Registered holders of physical share certificates will be mailed a letter of transmittal providing details of the Name Change and Share Consolidation, together with instructions for exchanging certificates representing pre-consolidation common shares for certificates representing the applicable number of post-consolidation common shares. Shareholders who hold their common shares through an intermediary or in the Company's Direct Registration System ("DRS") will not be required to take any action.
The Company expects that the proposed Name Change, together with its ongoing strategic repositioning, will strengthen the Company's market profile in the gold sector and more accurately reflect its focus on advancing gold exploration and development opportunities, consistent with prevailing investor interest in the sector.
About Spod Lithium Corp
Spod Lithium Corp. is a leading exploration and development company focused on unlocking the vast potential of gold resources. With a strategic approach to resource management and a commitment to sustainable practices, SPOD is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its mineral property is located in Quebec, Canada, a region renowned for its rich deposits of these valuable resources. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company through its website at www.spodlithiumcorp.com
On Behalf of the Board of Directors
Veronique Laberge
CFO & Interim CEO
+1 (514) 831-8626
veronique.laberge@spodlithiumcorp.com
Stay connected with SPOD
Website: www.spodlithiumcorp.com
LinkedIn: www.linkedin.com/company/spod-lithium
X (formerly Twitter): www.x.com/spodlithium
Forward-Looking Information
Certain statements in this news release are forward-looking statements within the meaning of applicable securities laws, including with respect to future plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding the Name Change, the Share Consolidation, the anticipated timing of such actions, the receipt of required approvals from the CSE and other regulatory authorities, the Company's anticipated strategic positioning following completion of the transactions, as well as any other beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as "may," "expect," "anticipate," "plan", "will", "intend," "believe", "estimate" and "continue," or the negative thereof or similar variations. These statements are based on management's reasonable assumptions, expectations and beliefs as of the date of this news release. Forward-looking statements in this news release include, without limitation, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, general economic, market or business conditions, and the risk that required approvals or closing conditions will not be obtained or satisfied in connection with the Name Change or the Share Consolidation. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements contained in this news release are made as of the date of this news release, and, except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295616
Originally distributed via Newsfile.View the original release.
About Freedom Gold Corp.
Freedom Gold Corp. (CSE: FRDM) is a Canadian mineral exploration company focused on the acquisition, exploration and development of high-potential gold projects in Nova Scotia and Québec.
For further information, contactshurko@FreedomGoldCorp.comor call (902) 233-3746.
Forward-Looking Statements
All statements on this website about anticipated future events or results constitute forward-looking statements, including, but not limited to, statements with respect to the Company's exploration plans, the potential of its mineral properties, financings and the use of proceeds, and the timing and results of future exploration programs. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Although Freedom Gold Corp. (“Freedom” or the “Company”) believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on them since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated, including risks associated with the business of Freedom; risks related to exploration and potential development of the Company's mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups and the issuance of required permits; the need to obtain additional financing and uncertainty as to its availability and terms; the possibility of delay in exploration or development programs; and other risk factors identified in Freedom's filings with Canadian securities regulators on SEDAR+. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Freedom does not undertake any obligation to update forward-looking statements except as required by applicable securities laws.
Historical exploration results referenced on this website have not been independently verified by the Company and should not be relied upon. Technical information on this website has been reviewed and approved by Mr. Martin Demers, P.Geo. (APEGNB L5980), a technical advisor to the Company and a Qualified Person as defined by National Instrument 43-101.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this website.