Edison Lithium Provides Further Update on Sale of Interest in Resource Ventures S.A.
Edison Lithium Provides Further Update on Sale of Interest
in Resource Ventures S.A.
Vancouver, British Columbia, June 30, 2025 – Edison Lithium Corp. (TSXV: EDDY, OTC Pink: EDDYF;
FWB: VV0) (“Edison” or the “ Company”) is pleased to provide an update on the previously announced
proposed sale of its Argentina subsidiary, Resource Ventures S.A. (“ReVe”), to Mava Gasoil LLC (“Mava”)
(the “Proposed Transaction”).
Further to its previous update dated June 3, 2025, the Company has agreed to grant Mava an additional extension
of time to allow continued progress toward completion of the Proposed Transaction. The parties now anticipate
closing of the Proposed Transaction to occur on or about September 30, 2025.
In consideration for the additional extension, Mava has agreed to pay a further advance deposit of USD$100,000,
which will be credited against the total purchase price of USD$3,500,000 upon closing. The Company previously
received an initial deposit of USD$100,000 and a USD$100,000 deposit in connection with the June 3, 2025
extension. Upon closing, Mava will pay the remaining balance of USD$3,000,000 to the Company, as well as
USD$100,000 to each of the other two other shareholders of ReVe. As previously disclosed, the proposed
transaction contemplates Mava acquiring all of the issued and outstanding shares of ReVe for total consideration
of USD$3,500,000.
Completion of the Proposed Transaction remains subject to, among other conditions, TSX Venture Exchange
final acceptance and receipt of the balance of the purchase price.
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: [email protected]
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 un certainties 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”,
“expected,” “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 proposed sale of ReVe, the
anticipated timing and completion of the Proposed Transaction, the receipt of final TSX Venture Exchange
approval for the disposition, the closing of the Proposed Transaction, and the receipt 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 th e 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 materiall y 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: receipt of final TSXV approval required for the Proposed Transaction, and receipt of the
purchase price. Readers should not place undue reliance on the forward -looking statements and information
contained in this news release concerning th ese 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.