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
Vancouver, British Columbia, November 29, 2024 – Edison Lithium Corp. (TSXV: EDDY, OTCQB:
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 non-binding purchase offer letter, effective November 12, 2024, from Mava
Gasoil LLC for USD$3,500,000 , has received conditional acceptance from the TSX Venture Exchange
(“TSXV”).
Completion of the disposition remains subject to, amongst other things, final documentation, the negotiation and
execution of a definitive agreement, final acceptance from the TSXV, and receipt of the purchase price by the
Company. The transaction is expected to complete in the latter half of February 2025.
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”,
“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 negotiation and signing of
the definitive agreement, the receipt of final TSXV 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 differ materially
from those anticipated in such statements. Forward -looking statements refl ect 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, wi thout limitation: determination of acceptable terms for the proposed definitive
agreement, receipt of all final TSXV approval required for the disposition, 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 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.