Edison Lithium Arranges Sale of Interest in Argentinian Lithium Properties for US$3.5 Million

Edison Lithium Arranges Sale of Interest in Argentinian Lithium Properties for US$3.5 Million

Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that, effective November 12, 2024, it has accepted a non-binding purchase offer letter from Mava Gasoil LLC ("Mava"), a corporation based in Houston Texas, for the sale of 100% of the interest in the Company's Argentina subsidiary, Resource Ventures S.A. ("ReVe"), in consideration for USD$3,500,000. One of the LEXI claims owned by ReVe and the royalties on that mining property, and the PINAC mining properties owned by ReVe are excluded from the sale and will be retained by Edison.

ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The claims are principally located in the two geologic basins known as the Antofalla Salar and the Pipanaco Salar. ReVe's assets on closing of the disposition to Mava will include 30 mining concessions covering approximately 104,538 hectares area in Catamarca Province, Argentina. The Company will retain and focus its Argentinian efforts on 8 mining concessions covering approximately 35,000 hectares area in Catamarca Province, Argentina, which are not subject to the sale and amount to approximately 25% of the claims currently held by ReVe.

The parties to the purchase offer letter agreed to negotiate a definitive agreement in good faith to give effect to this disposition and close the transaction within 45 days after the TSX Venture Exchange ("TSXV") has approved this transaction. The sale terms include Mava paying the Company an initial USD$100,000 deposit within five business days from TSXV approval, with further payments of USD$3,200,000, USD$100,000 and USD$100,000 payable by Mava to the Company and the two other shareholders of ReVe, respectively, on closing. As of the date of this news release, the initial USD$100,000 deposit has not yet been received by the Company.

Completion of the disposition contemplated by the purchase offer letter remains subject to, amongst other things, final documentation, the negotiation and execution of a definitive agreement and approvals from the TSXV and shareholders of the Company, if required. The Company and Mava are at arms-length, and no finders' fees or commissions are payable in connection with completion of the sale contemplated by the purchase offer letter.

In addition, the disposition contemplated by the purchase offer letter is subject to delivery by the Company to Mava of certain documents with the appropriate apostilles, this process may delay the closing of the disposition and receipt of payments noted above. However, there is no guarantee that the transaction will proceed as outlined above or that the disposition will be completed at all.

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.

Forward-Looking Disclaimer: This news release contains certain forward-looking statements. Statements that are not historical facts, including statements about Edison's beliefs and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "will be", "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue,", "proposes", "contemplates", "is/are likely to" or other similar expressions. All information provided in this news release is as of the date of this news, and the Company undertakes no duty to update such information, except as required under applicable law.

Forward-looking statements in this press release relate to, among other things: the payment of the initial deposit, the timing for closing, the negotiation and signing of the definitive agreement, the receipt of all required TSXV approvals for the disposition, the Company retaining and focusing on certain claims currently held by ReVe, the closing of the transaction and the payment of the purchase price. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: determination of acceptable terms for the proposed definitive agreement, receipt of all required TSXV and any shareholder approvals required for the disposition, and payment of purchase price. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230268

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Edison Lithium Receives Conditional Approval for Sale of Interest in Argentinian Lithium Properties

Edison Lithium Receives Conditional Approval for Sale of Interest in Argentinian Lithium Properties

Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that, further to its news release of November 18, 2024, the proposed disposition of the Company's Argentina subsidiary, Resource Ventures S.A. ("ReVe"), as contemplated by the non-binding purchase offer letter, effective November 12, 2024, from Mava Gasoil LLC for USD$3,500,000, has received conditional acceptance from the TSX Venture Exchange ("TSXV").

Completion of the disposition remains subject to, amongst other things, final documentation, the negotiation and execution of a definitive agreement, final acceptance from the TSXV, and receipt of the purchase price by the Company. The transaction is expected to complete in the latter half of February 2025.

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Canadian Investment Regulatory Organization Trade Resumption - EDDY

Canadian Investment Regulatory Organization Trade Resumption - EDDY

Trading resumes in:

Company: Edison Lithium Corp.

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Edison Lithium Files Technical Report for Sodium Brine Properties in Saskatchewan

Edison Lithium Files Technical Report for Sodium Brine Properties in Saskatchewan

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Technical Report entitled "Alkali Mineral Dispositions, Saskatchewan" dated and effective September 17, 2024 (the "Report") under the Company's profile on SEDAR+ at www.sedarplus.ca. The Report was independently prepared by Lynn I. Kelley, P. Geo., and is also available on the Company's website at www.edisonlithium.com.

The Company, looking towards a clean-energy future, views sodium-ion batteries as having a place on the future energy landscape, and believes the sodium sulfate found in the alkali lakes of the Great Plains of southern Saskatchewan, as a highly-concentrated and readily-available source of sodium, may be a feasible source for production of some of the various sodium compounds required for battery production.

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Edison Lithium Announces Termination of LOI for Sale of Majority Stake in Argentinian Lithium Properties

Edison Lithium Announces Termination of LOI for Sale of Majority Stake in Argentinian Lithium Properties

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") announces the termination of its previously announced letter of intent with Meteor Energy, LLC, for the sale of 100% of the Company's interest in its Argentina subsidiary, Resource Ventures S.A. ("ReVe"). ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The Company is now in discussions with several other parties interested in acquiring the Company's Argentinian lithium properties, but has not reached any further sale agreements as at the date of this news release.

The Company also announces that due to challenging market and financing conditions it is postponing the completion of its previously announced spin-out by way of plan of arrangement involving the Company's wholly-owned subsidiary, Edison Cobalt Corp. (the "Spin-Out") until further notice. The Spin-Out received court and shareholder approval earlier this year and remains subject to final acceptance by the TSX Venture Exchange.

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Edison Lithium Expands Portfolio with Acquisition of Additional Sodium Brine Claim in Saskatchewan

Edison Lithium Expands Portfolio with Acquisition of Additional Sodium Brine Claim in Saskatchewan

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison", "Edison Lithium" or the "Company") announces that it has entered into an asset purchase agreement (the "Agreement") with Globex Mining Enterprises Inc. ("Globex") dated the 8th day of April, 2024, pursuant to which the Company shall acquire from Globex the rights to alkali disposition A-4593 (see Figure 1) located in Whiteshore Lake in the Province of Saskatchewan (the "Alkali Disposition").

Edison's recent acquisitions of sodium brine claims is driven by interest in Sodium-Ion battery formulations. For information on Sodium-Ion batteries, visit www.sodiumbatteryhub.com.

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Brunswick Exploration Completes Brokered Private Placement for Gross Proceeds of C$3.5 Million

Brunswick Exploration Completes Brokered Private Placement for Gross Proceeds of C$3.5 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES   OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (" Brunswick " or the " Corporation ") (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce the closing of its previously announced private placement (the " Offering ") for aggregate gross proceeds of C$3,500,000, which includes the full exercise of the agents' option for proceeds of C$1,000,000. Under the Offering, the Corporation sold (i) 12,980,769 units of the Corporation (the " LIFE Units ") at a price of C$0.13 per LIFE Unit for gross proceeds of C$1,687,500 from the sale of LIFE Units, and (ii) 12,083,333 units of the Corporation (the " Non-LIFE Units ", and collectively with the LIFE Units, the " Offered Securities ") at a price of C$0.15 per Non-LIFE Unit for gross proceeds of C$1,812,500 from the sale of Non-LIFE Units. An aggregate of 25,064,102 Offered Securities were sold under the Offering.

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SAGA Metals Reports Significant Final Drill Holes from the 2025 Winter Program at Radar Ti-V-Fe Property in Labrador

SAGA Metals Reports Significant Final Drill Holes from the 2025 Winter Program at Radar Ti-V-Fe Property in Labrador

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the final drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Property, located near the port of Cartwright in Labrador, Canada. The Property comprises 24,175-hectares and entirely encloses the Dykes River mafic layered intrusive complex.

Saga Metals Confirms Technical Success with the Drill:

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Altech Batteries Ltd  DNV Comparison Study on CERENERGY Technology

Altech Batteries Ltd DNV Comparison Study on CERENERGY Technology

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that as part of its funding strategy and due diligence plan, an independent study has been conducted on the CERENERGY(R) technology versus alternative technologies such as lithium-ion, sodium-sulphur and vanadium flow batteries. DNV was engaged to produce an independent, high-level comparison report evaluating CERENERGY(R) technology against these alternative technologies. DNV is one of the leading energy storage technical advisors and specialises in the identification, evaluation, testing, and certification of battery energy storage systems worldwide.

Highlights

- As part of funding due diligence plan

- Independent comparison study of CERENERGY(R) technology

- DNV was engaged by Altech

- DNV is one of the leading energy storage technical advisors

- CERENERGY(R) - Promising emerging battery technology

The complete comparison report has been prepared specifically for Altech Batteries GmbH and is confidential. Nevertheless, Altech is pleased to publish the Executive Summary of the technology comparison at cell level in the following qualitative overview. Table 1 gives a high-level overview of the advantages and disadvantages for the listed characteristics in comparison to the most widely used technologies on the market against CERENERGY(R) sodium chloride solid state (SCSS) technology.

The DNV primary conclusion states "CERENERGY(R) is one of the promising emerging technologies. Further improvements in terms of the achievable energy density, performance, and cost efficiency can be expected in the coming years" (DNV, May 2025).

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/66D7P180



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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SAGA Metals Announces First Tranche Closing

SAGA Metals Announces First Tranche Closing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Saga Metals Corp. (the "Company" or "SAGA") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce that it has closed a first tranche (the " First Tranche ") of its non-brokered private placement announced on May 2, 2025 (the " Offering ") for gross proceeds of $1,239,700.10. The Company has also received a 30-day extension to close the Offering from the TSX Venture Exchange, and accordingly expects to close the final tranche of the Offering on or before June 25, 2025.

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SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe Project in Labrador

SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe Project in Labrador

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce additional drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada. These results further validate the presence of a strong, arcuate magnetic-high anomaly identified in regional magnetic surveys within the central zone of the Dykes River layered mafic intrusive complex.

Saga Metals Confirms Additional Geological Success with the Drill:

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