Edison Lithium Provides Update on Sale of Interest in Argentinian Lithium Properties
Edison Lithium Provides Update on Sale of Interest
in Argentinian Lithium Properties
Vancouver, British Columbia, April 17, 2025 – Edison Lithium Corp. (TSXV: EDDY, OTC Pink: EDDYF;
FWB: VV0) (“Edison” or the “Company”) is pleased to provide an update regarding the proposed sale of its
Argentina subsidiary, Resource Ventures S.A. (“ReVe”), to Mava Gasoil LLC (“Mava”).
Further to its prior news releases on this proposed disposition, the Company has been advised that Mava’s legal
counsel is finalizing the draft definitive agreement, which is expected to be delivered to the Company by the end
of this week. The parties intend to proceed with closing the transaction upon finalization of the definitive
agreement and satisfaction of closing conditions.
The Company previously received an initial deposit of USD$100,000 from Mava and further payments of
USD$3,200,000, USD$100,000 and USD$100,000 are payable by Mava to the Company and the two other
shareholders of ReVe, respectively, upon closing. 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.
The transaction remains subject to, among other conditions, the negotiation and execution of a definitive
agreement, 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 delivery of a draft definitive
agreement and timing thereof, the negotiation and execution of the definitive agreement, the receipt of final
TSX Venture Exchange approval for the disposition, the closing of the 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 dif fer 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 achieve ments 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 final TSXV approval required for the disposition, and receipt of the purchase price. Readers should
not place undue reliance on the fo rward-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.