Edison Lithium Receives Court Approval for Edison Cobalt Spin-Out

Edison Lithium Receives Court Approval for Edison Cobalt Spin-Out

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that on March 1, 2024, the Supreme Court of British Columbia issued its final order approving the Company's previously announced plan of arrangement (the "Arrangement") involving its wholly-owned subsidiary, Edison Cobalt Corp. ("Edison Cobalt"). For details regarding the Arrangement, see the news releases of the Company dated March 28, 2023, July 13, 2023, November 28, 2023, December 7, 2023, February 1, 2024 and February 27, 2024.

The Company will announce the share distribution record date and the exact number of Edison Cobalt shares issuable at a later date. The Arrangement remains subject to final acceptance by the TSX Venture Exchange ("TSXV").

Edison Cobalt has applied to list its shares on the TSXV, subject to Edison Cobalt meeting all listing requirements.

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 announcement of the share distribution record date, the determination of the amount of Edison Cobalt shares to be issued for each Company share and Edison Cobalt listing on the TSXV. 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: TSX Venture Exchange approval to list the Edison Cobalt shares. 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/200249

News Provided by Newsfile via QuoteMedia

EDDY:CC
The Conversation (0)
Edison Lithium

Edison Lithium

Transitioning to sodium-ion battery technology

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... Keep Reading...
Canadian Investment Regulatory Organization Trade Resumption - EDDY

Canadian Investment Regulatory Organization Trade Resumption - EDDY

Trading resumes in: Company: Edison Lithium Corp. TSX-Venture Symbol: EDDY All Issues: Yes Resumption (ET): 10:30 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly... Keep Reading...
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... Keep Reading...
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"... Keep Reading...
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").... Keep Reading...
Fortune Minerals President and CEO Robin Goad.

Fortune Minerals Advancing NICO Project to Mine Construction Decision in 2026

Fortune Minerals (TSX:FT,OTCQB:FTMDF) is advancing its NICO cobalt-gold-bismuth-copper-critical minerals project in Canada toward a project construction decision by late 2026. Robin Goad, president and CEO, shared how government funding has been essential to advancing the NICO project.Fortune... Keep Reading...
Aerial view of a cargo ship with colorful containers in vibrant blue ocean.

DRC to End Cobalt Export Ban, Move to Quota System

The Democratic Republic of Congo (DRC) announced it will lift its eight month cobalt export ban on October 16, replacing it with annual quotas designed to stabilize global supply and prices.Bloomberg reported that the country's Authority for the Regulation and Control of Strategic Mineral... Keep Reading...
The cobalt periodic symbol with a rainbow in the background.

Top 5 Canadian Cobalt Stocks of 2025

Cobalt prices remained elevated through the year's second quarter, holding strong after a sharp early year rally triggered by the Democratic Republic of Congo’s (DRC) export ban on cobalt hydroxide. Announced in February, the restriction quickly pushed standard-grade cobalt metal up 45 percent... Keep Reading...
Wooden seesaw with "supply" and "demand" blocks, tilting towards demand.

Cobalt Market Update: Q2 2025 in Review

Cobalt prices remained elevated through Q2 after a dramatic price surge early in the year. The tailwinds were largely attributed to the Democratic Republic of Congo’s (DRC) export ban on cobalt hydroxide. First announced in February, the ban sparked a sharp price rally by mid-month, pushing... Keep Reading...
A lithium-ion battery in the foreground with a line of batteries in the background, all surrounded by blue swirls.

ASX Cobalt Stocks: 4 Biggest Companies of 2025

After spending much of the last two years trending downward, cobalt prices are up in 2025.About 75 percent of global cobalt output comes from the Democratic Republic of the Congo (DRC), and in February the country banned exports of cobalt in an effort to increase the metal's falling price. By... Keep Reading...

Latest Press Releases

Related News