Edison Lithium Announces Results of Annual General and Special Meeting

Edison Lithium Announces Results of Annual General and Special Meeting

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce the results of its annual and general special meeting of securityholders (the "Meeting") held on February 26, 2024.

At the Meeting, the shareholders of the Company approved all resolutions placed before them by management as set out in the Company's management information circular dated January 12, 2024, and the related addendum dated January 31, 2024, including: (i) fixing the number of directors at five and electing Nathan Rotstein, James (Jay) Richardson, Luisa Moreno, Gordon Jang, and Roger Dahn as directors of the Company for the ensuing year; (ii) the re-appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year at a remuneration to be fixed by the directors; (iii) the continuation of the Company's 2022 stock option plan; (iv) the ratification of the grant of 915,000 stock options granted to directors and officers of the Company on September 7, 2023; (v) the statutory plan of arrangement (the "Plan of Arrangement") among the Company, the Company's securityholders and Edison Cobalt Corp. ("SpinCo"), a wholly owned subsidiary of the Company (which, in addition to the shareholders of the Company, was approved by the warrantholders and optionholders of the Company); (vi) the disposition of all or substantially all of the Company's undertaking; (vii) the adoption of SpinCo's stock option plan; and (vii) the proposed private placement financing of SpinCo.

The Plan of Arrangement remains subject to final TSX Venture Exchange approval and a final order from the Supreme Court of British Columbia.

About Edison Lithium Corp.

Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, alkali and other energy metal properties. The Company's acquisition strategy is based on acquiring affordable, cost-effective, and highly regarded mineral properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.

On behalf of the Board of Directors:

"Nathan Rotstein"

Nathan Rotstein
Chief Executive Officer and Director
For more information please contact:
Tel: 416-526-3217
Email: info@edisonlithium.com
Website: www.edisonlithium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/199495

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