NOVA Lithium Secures Dtc Eligibility and Extends Warrant Expiration Date
NOVA LITHIUM SECURES DTC ELIGIBILITY AND EXTENDS WARRANT EXPIRATION DATE
Vancouver, BC – May 17, 2023 – Nova Lithium Corp. (“Nova” or the “Company”) (CSE: NVLI) (OTC Pink:
NVLIF) is pleased to announce that the Company has secured DTC eligibility for its common shares from
the Depository Trust Company (DTC).
The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) and provides electronic
clearing, settlement and information services for the vast majority of publicly -traded equities and other
securities in the United States. Since the trading of securities through DTC permits cost -effective clearing
and guaranteed settlement, non- DTC eligible s ecurities are often not accepted for deposit at many
brokerage firms because of the obstacles required to execute trades, in turn making it difficult for a
significant percentage of investors to access those securities.
The Company’s common shares previously commenced trading in the United States on the OTC Markets’
Pink Current Information tier under the symbol NVLIF.
In addition, the Company announces that it has amended the expiry date of an aggregate of 7,410,000
share purchase warrants that were scheduled to expire on May 31, 2023 for a further two (2) years, until
May 31, 2025. Each warrant was originally issued in a unit private placement that closed on May 31, 2021,
and is exercisable into one common share of the Company at a price of $0.50 per share.
The Company is not planning to deliver replacement warrant certificates to the holders of the warrants, with
the original certificates remaining valid until the amended expiry date.
About Nova Lithium Corp.
Nova Lithium Corp. is a Canadian junior mining company focused on the global transition from fossil fuels
to green energy solutions powered by lithium- based batteries. The Company’s mission is to become a
leader in exploration and development of critical materials through responsible mining practices .
The Company currently owns a 100% interest in 190 mineral claims located in southern Clayton Valley,
Nevada, USA, known as the Deer Musk West project , and holds the option to purchase a 51% interest in
1,243 mineral claims covering approximately 22,200 acres in Churchill County, Nevada, known as the
Edwards Creek Valley project.
For further information, please contact:
Glenn Collick, CEO
T: 778.868.2226
Forward-Looking Statements
This news release may contain “forward- looking information” within the meaning of applicable securities
legislation. Forward-looking information may include, but is not limited to, statements with respect to the
future price of metals, historical estimates of mineralization, capital expenditures, the success of exploration
activities, permitting timelines, requirements for additional capital, government regulation of mining
operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on
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insurance coverage, the completion of regulatory approvals, and risks arising from the novel coronavirus.
In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects”
or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”
or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
Any forward- looking information in this news release is based on a number of material factors and
assumptions, including, but not limited to, those disclosed in Nova’s public filings. While the C ompany
consider these factors and assumptions to be reasonable based on information currently available to them,
they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety
of reasons. Forward-looking information is based upon management’s beliefs, estimates and opinions on
the date the statements are made and, other than as required by law, the C ompany does not intend, and
undertakes no obligation, to update any forward- looking information to reflect, among other things, new
information or future events
The Canadian Securities Exchange has not in any way passed upon the merits of the matters
referenced herein and has neither approved nor disapproved the contents of this news release .