Discontinuance of Counterclaims Against D2 Lithium Corp. Totaling $550,000 Completed
Suite 202, 8661 – 201 Street Telephone: (604) 681-6151
Langley, BC V2Y 0G9 CANADA Email : [email protected]
Discontinuance of Counterclaims Against D2 Lithium Corp.
Totaling $550,000 Completed
Langley, British Columbia – February 20, 2026 - D2 Lithium Corp. (“D2 Lithium or the
Company”) (TSX-V: DWTO) (OTC: DTWOF) wishes to report the discontinuance of five
counterclaims filed against D2 Lithium in the Court of King's Bench of Alberta in
September 2023 for a total of $550,000 by former directors , officers and certain
employees of the Company. Full and final releases in favour of D2 Lithium have been
received from all of the former directors, officers and employees that were plaintiffs in
the counterclaims.
D2 Lithium also wishes to provide an update on the litigation claims against various
parties including the Company’s former directors, Chris Brown and Sameer
Uplenchwar, in Court File Number 2301 -04232, and their spouses, Tara Brown and
Nandita Apte, in Co urt File Number 2401 -06205. The multiple litigation claims have
now been consolidated into a single action, Court File Number 2301-04232. Details of
these claims were the subject of prior news releases dated July 2, 2024 and March 31,
2023. A copy of all of the filings is available to the public from the Court of King’s Bench
in Calgary, Alberta. The Company will provide further updates on material
developments as they become available.
For further information please contact:
Brian Findlay
President - D2 Lithium Corp.
Telephone: (604) 681-6151
Email: [email protected]
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable
Canadian securities laws. Such forward -looking statements relate to: the strengthening of the Company’s balance
sheet and its focus on advancing its core mineral properties.
In certain cases, forward -looking information can be identified by the use of words such as "plans", "expects",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved"
suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements
about future events or performance. Forward-looking information contained in this news release is based on certain
factors and assumptions regarding, among other things, the Company can raise additional financing to continue
operations; the results of exploration activities, commodity prices, the timi ng and amount of future exploration and
development expenditures, the availability of labour and materials, receipt of and compliance with necessary
regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to cur rency
fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers
these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements exp ressed or implied by the forward -looking information. Such factors include risks
inherent in the exploration and development of mineral deposits, including risks relating to the ability to access
infrastructure, risks relating to the failure to access fina ncing, risks relating to changes in commodity prices, risk
related to unanticipated geological or structural formations and characteristics risks related to current global financial
conditions, risks related to current global financial conditions and the i mpact of any resurgence of COVID -19 on the
Company’s business, reliance on key personnel, operational risks inherent in the conduct of exploration and
development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk
that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related
to disputes concerning property titles and interests, environmental risks and the additional risks identified in the
Company’s reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results
to differ materially from those described in forward -looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking information. The forward-looking information is made as of the date of this news release.
Except as required by applicable securities la ws, the Company does not undertake any obligation to publicly update
or revise any forward-looking information.