EDISON LITHIUM CORP - EDDYF STOCK NEWS

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Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on acquiring, exploring, and developing cobalt, lithium, alkali, and other energy metal properties. The company's strategic acquisitions aim to provide critical materials to the battery industry, capitalizing on the increased interest in battery metals. Edison's recent activities include the proposed warrant amendments, annual shareholder meeting approvals, plan of arrangement, asset purchase agreements, and the termination of the letter of intent for the sale of Argentinian lithium properties.

09/24/2024 12:15 AM

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Edison Lithium Files Technical Report for Sodium Brine Properties in Saskatchewan

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Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) has filed a National Instrument 43-101 compliant Technical Report for its alkali mineral dispositions in Saskatchewan, Canada. The report, titled 'Alkali Mineral Dispositions, Saskatchewan', covers four alkali lakes: Whiteshore Lake, Ceylon Salt Lake, Freefight Lake, and Cabri Lake.

The company views sodium-ion batteries as a promising alternative to lithium-ion technology, citing their cost-effectiveness and sustainability. Edison aims to develop sodium resources in Saskatchewan, positioning itself as a key player in advancing sodium-ion battery technology. CEO Nathan Rotstein highlighted the potential advantages of sodium-ion batteries, particularly in colder climates.

The alkali dispositions, held by Edison's subsidiary Edison Saskatchewan Resources Corp., span a total area of approximately 6,052 acres across the four lakes. These acquisitions align with Edison's interest in sodium-ion battery formulations and their commitment to Canada's clean energy initiatives.

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06/10/2024 12:15 AM

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Edison Lithium Announces Termination of LOI for Sale of Majority Stake in Argentinian Lithium Properties

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Edison Lithium has announced the termination of its letter of intent with Meteor Energy for the sale of its Argentinian subsidiary, Resource Ventures S.A.

The subsidiary controls rights to promising lithium brine claims in Catamarca, Argentina.

The company is currently in talks with other potential buyers but has not finalized any new agreements.

Additionally, Edison Lithium is postponing its previously planned spin-out of Edison Cobalt Corp. due to challenging market and financing conditions.

This spin-out had already received court and shareholder approval and awaits final acceptance from the TSX Venture Exchange.

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04/15/2024 12:15 AM

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Edison Lithium Expands Portfolio with Acquisition of Additional Sodium Brine Claim in Saskatchewan

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Edison Lithium Corp. expands its portfolio by acquiring an additional sodium brine claim in Saskatchewan from Globex Mining Enterprises Inc. The acquisition of alkali disposition A-4593 in Whiteshore Lake aligns with the company's interest in Sodium-Ion battery formulations. The strategic addition adds to the growing portfolio of alkali dispositions held by Edison, showcasing the company's commitment to building a robust portfolio of alkali assets. The agreement includes a cash payment of $200,000, issuance of common shares worth $50,000, and a 2% royalty on gross revenue from commercial production of mineral products by Edison.

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03/04/2024 07:30 AM

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Edison Lithium Receives Court Approval for Edison Cobalt Spin-Out

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Edison Lithium Corp. receives final court approval for plan of arrangement involving subsidiary Edison Cobalt Corp. Share distribution details pending TSX Venture Exchange approval.

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02/27/2024 11:47 AM

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Edison Lithium Announces Results of Annual General and Special Meeting

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Edison Lithium Corp. announces successful approval of resolutions at the annual and general special meeting of securityholders. Shareholders approve key resolutions including director elections, auditor re-appointment, stock option plan continuation, and Plan of Arrangement with Edison Cobalt Corp. The Company also ratifies the grant of 915,000 stock options and plans for private placement financing.

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02/12/2024 09:58 PM

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Edison Lithium Proceeds with Warrant Repricing

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Edison Lithium Corp. (EDDYF) announces proceeding with proposed warrant amendments, re-pricing 3,926,125 warrants to $0.20 with accelerated expiry provision if share price exceeds $0.25.

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02/01/2024 05:00 PM

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Edison Lithium Announces Mailing and Filing of Addendum to Meeting Materials for Annual General and Special Meeting and Advises of Updates to Arrangement Terms

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Edison Lithium Corp. announces the mailing of an Addendum to the management information circular for the annual general and special meeting, describing revisions to the share exchange ratio in connection with the proposed spin-out of common shares of its wholly owned subsidiary, Edison Cobalt Corp. The Addendum provides details of the revised share exchange ratio, and the discretion of the Board to increase the ratio up to a maximum of one common share of Edison Cobalt for every one common share of the Company held. The Meeting is scheduled for February 26, 2024, and the securities to be issued under the Arrangement have not been and will not be registered under the U.S. Securities Act of 1933.

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01/02/2024 07:30 AM

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Edison Lithium Not Proceeding with Warrant Terms Amendment

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Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) announces the decision not to proceed with the previously proposed warrant amendments, affecting 4,048,000 common share purchase warrants issued in private placements. The company sought to amend the exercise price of the warrants to $0.20 and add an accelerated expiry provision, but was unable to obtain necessary consents from all warrant holders, leading to the decision not to proceed with the amendments at this time.

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12/19/2023 12:15 AM

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Edison Lithium Arranges Sale of Majority Stake in Argentinian Lithium Properties for US$5 Million

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Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) has entered into a letter of intent with Meteor Energy, LLC for the sale of its Argentina subsidiary, Resource Ventures S.A., for USD$5,000,000. The company will retain some mining concessions in Catamarca Province, Argentina, and the sale is subject to due diligence, negotiation of a definitive agreement, and approvals from the TSX Venture Exchange and shareholders.

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12/07/2023 05:30 PM

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Edison Lithium Enters into Arrangement Agreement for the Spin Out of Cobalt Assets

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Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) has entered into an arrangement agreement with its subsidiary, SpinCo, for a distribution of SpinCo shares to Edison shareholders. The arrangement is expected to increase shareholder value by allowing capital markets to ascribe value to the Kittson Cobalt Property independent of the Company's lithium properties and alkali dispositions. SpinCo will become a reporting issuer in British Columbia, Alberta, and Ontario, and will seek to list the SpinCo Shares on the TSX Venture Exchange. The Arrangement is subject to shareholder and court approval, as well as the requirements of the Exchange.

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FAQ

What is the current stock price of EDISON LITHIUM (EDDYF)?

The current stock price of EDISON LITHIUM (EDDYF) is $0.095 as of October 11, 2024.

What is the market cap of EDISON LITHIUM (EDDYF)?

The market cap of EDISON LITHIUM (EDDYF) is approximately 1.5M.

What is Edison Lithium Corp. focused on?

Edison Lithium Corp. is focused on acquiring, exploring, and developing cobalt, lithium, alkali, and other energy metal properties.

What industry does Edison Lithium Corp. serve?

Edison Lithium Corp. serves the battery industry by providing critical materials for battery manufacturing.

What recent activities has Edison Lithium Corp. been involved in?

Recent activities include proposed warrant amendments, annual shareholder meeting approvals, plan of arrangement, asset purchase agreements, and the termination of the letter of intent for the sale of Argentinian lithium properties.

What is the goal of Edison Lithium Corp.'s strategic acquisitions?

The goal of strategic acquisitions is to provide critical materials to the battery industry, capitalizing on the increased interest in battery metals.