Edison Lithium Update on the Salar Projects in Argentina
Edison Lithium Update on the Salar Projects in Argentina
Vancouver, British Columbia, January 16, 2023 – Edison Lithium Corp. (TSXV: EDDY, OTCQB:
EDDYF; FSE: VV0) (“Edison” or the “Company”) is pleased to provide an update on its lithium
properties in Argentina. T he Company’s prospective lithium brine claims are principally located in the
two geological basins known as the Antofalla Salar and the Pipanaco Salar in northern Catamarca
Province, Argentina.
In the first quarter of 2023 the Company is expecting to receive approval of its initial Environmental
Impact Assessment (EIA) Report that was submitted to the mining authorities in Catamarca, Argentina ,
for the prospecting phase of exploratio n, which includes 24 claims covering a pproximately 100,000
hectares in the Antofalla Salar. Once the permits are approved, the Company intends to perform
geophysics on select claims, using the TEM (transient electromagnetic) method to identify drilling
targets.
Claims #29 and #30 are Edison’s most advanced claims and main focus for future exploration work as
geophysics results suggest the presence of a potential brine zone of at least 300 metres in thickness. Once
the road construction and drilling permits are approved the Company plans to commence drilling.
In addition, Edison has been approached by various potential collaborators for the development of claims.
The Company is assessing all opportunities and may enter into collaboration agreements to ad vance
multiple claims, th ereby enabling the Company to simultaneously develop a larger number of claims in
the Salar of Antofalla.
Nathan Rotstein, CEO, commented: “Argentina is second only to Bolivia for the largest identified lithium
resources and has the third largest quantity of commercially viable lithium reserves behind only Chile and
Australia. A number of companies are actively looking for lithium acquisitions in anticipation that prices
for the key raw material in electric -vehicle batteries will s tay high for years to come and , consequently,
we have had inquiries from several parties interested in acquiring properties in the lithium triangle from
Edison.”
The Company also announces that it intends to extend the expiry date of an aggregate of 9,700 ,000
common share purchase warrants (the “Warrants”) by 24 months to February 26, 2025 (the “ Warrant
Extension”). The Warrants were issued pursuant to a private placement which closed on February 26,
2021, and are currently set to expire on February 26, 2023. Each Warrant entitles the holder thereof to
acquire one common share of the Company at a price of $0.12 per common share and no Warrants are
held by any insiders of the Company . All other terms of the Warrants, including the exercise price, are to
remain unchanged. The Warrant Extension is subject to the approval of the TSX Venture Exchange.
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 , 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"
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 information” and
“forward-looking statements ” (collectively “forward-looking statements ”) within the meaning of
applicable securities legislation. All statements, other than statements of historical fact, included herein,
without limitation, are forward -looking statements. Forward -looking statements are frequently, but not
always, identified by words such as “expects”, “anticipates” “believes”, “intends”, “estimates”,
“potential” “possible”, and similar expressions, or statements that events, conditions, or results “will”,
“may”, “could”, or “should” occur or be achieved. Forward-looking statements in this news release relate
to, among other things, the Company’s exploration plans and the receipt of any regulatory or
governmental approvals required to complete such exploration plans, the impact of exploration and results
obtained therefrom, potential collaborations to develop claims in the Salar of Antofalla, the Warrant
Extension and receipt of all necessary approvals in connection therewith. 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 m aterially from those anticipated in such statements. Forward -looking
statements reflect the beliefs, opinions and projections on the date the statements are made and are based
upon a number of assumptions and estimates that, while considered reasonable by the Company, 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, without limitation, the ability
to complete proposed exploration work, the results of exploration, continued availability of capital, and
changes in general economic, market and business conditions, as well as the ability of the Company to
obtain all required regulato ry and governmental approvals. R eaders should not place undue reliance on
the forward-looking statements and information contained in this news release concerning these items.
The Company does not assume any obligation to update the forward -looking stateme nts of beliefs,
opinions, projections, or other factors, should they change, except as required by applicable securities
laws.
The Company seeks safe harbor.