Heliosx Submits Application FOR Additional Alberta Acreage and Conducts Independent Review of Argentina Basin
LITHIUM & TECHNOLOGIES CORP.
HELIOSX SUBMITS APPLICATION FOR ADDITIONAL ALBERTA ACREAGE
AND CONDUCTS INDEPENDENT REVIEW OF ARGENTINA BASIN
CALGARY, ALBERTA, October 20, 2022 – HeliosX Lithium & Technologies Corp. (“HeliosX” or
the “Company”) (TSXV: HX) (OTCQB: HXLTF) (FSE: C2U0) announces that the Company has
submitted applications to acquire strategic additions to its Alberta land position following our
recent acquisitions in Nevada and Alberta. Results of the Alberta applications are expected in the
next few weeks. HeliosX continues to seek strategic acreage to leverage off its lithium brine
understanding to optimize potential future drilling locations.
The Company has engaged an independent, qualified geologist to conduct a comprehensive
review of its Argentina basin with our joint venture partner Litica Resources S.A., the operating
subsidiary of Pluspetrol Resources Corporation, to confirm the commercial resource potential.
The geologist was on-site this month reviewing all available technical data and re-affirming basin
geological models through seismic and sampling reviews. The analysis of the data is currently
underway with a technical report expected by year end.
The Company and an Institutional Investor have mutually agreed to extend the completion of their
previously announced non-brokered private placement offering of 7,200,000 units of the Company
(each a "Unit") at a price of USD $0.654 (equivalent to CAD $0.85) per Unit (the "Issue Price") for
aggregate gross proceeds of USD $4,708,800 (equivalent to CAD $6,120,000) (the “Offering”)
prior to December 31, 2022. The terms of the Offering remain unchanged from those described
in the news release dated July 25, 2022. The Offering is subject to receipt of all necessary
approvals, including the approval of the TSX Venture Exchange.
About HeliosX:
HeliosX is an integrated lithium exploration company, incorporating the latest in direct lithium
extraction ("DLE") technologies, to unlock potential commercial opportunities in Alberta (Canada),
Nevada (USA) and Jujuy (Argentina). The Company holds approx imately 560,000 lithium brine
acres across three prospective lithium jurisdictions, providing potential exposure to multiple
lithium brine play types. The company has selected specific DLE technologies which it believes
will maximize potential lithium opportunities in each operational jurisdiction and continues to move
forward with technical modeling and information gathering to better delineate the prospective
lithium resources.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any province in which such offer, solicitation or sale would
be unlawful. The securities issued, or to be issued, under the Private Placement have not been,
and will not be, registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable exemption from
registration requirements.
LITHIUM & TECHNOLOGIES CORP.
Notice on Forward Looking Information
This press release contains statements that constitute "forward -looking information" (" forward-looking
information") within the meaning of the applicable Canadian securities legislation. All statements, other
than statements of historical fact, are forward-looking information and are based on expectations, estimates
and projections as at the date of this news release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assum ptions, future events or performance (often but not always
using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate",
"plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or va riations of such words
and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be
taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other future events, to be materially different
from any future results, performance or achievements expres sed or implied by such forward -looking
statements. Such factors and risks include, among others. risks associated with the business of HeliosX;
business and economic conditions in the lithium industry generally; changes in commodity prices; changes
in inte rest and currency exchange rates; government action or delays in the receipt of government or
regulatory approvals, industrial disturbances or other job action, and unanticipated events related to health,
safety and environmental matters); changes in gener al economic conditions or conditions in the financial
markets; changes in laws; risks related to the direct and indirect impact of COVID -19 including, but not
limited to, its impact on general economic conditions, the ability to obtain financing as require d; and other
risk factors as detailed from time to time including the risk factors set out in HeliosX’s annual information
form for the year ended November 30, 2021 filed on SEDAR at www.sedar.com. HeliosX does not
undertake to update any forward-looking information, except in accordance with applicable securities laws.
The foregoing list of assumptions is not exhaustive.
Forward-looking statements in this document include, among others, statements relating the completion of
the Private Placement.
The forward-looking information contained in this news release represents the expectations of the Company
as of the date of this news release and, accordingly, is subject to change after such date. Readers should
not place undue importance on forward-looking information and should not rely upon this information as of
any other date. The Company undertakes no obligation to update these forward -looking statements in the
event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
HELIOSX LITHIUM AND TECHNOLOGIES CORP.
(signed) "Christopher Brown"
Christopher Brown, P.Eng
Chief Executive Officer
For further information:
Telephone: (403) 812-0568
Email: [email protected]
Website: www.heliosx.ca