Edison Lithium - EDDYF STOCK NEWS

Edison Lithium Corp (TSXV: EDDY, OTC: EDDYF) has received conditional approval from TSX Venture Exchange for the proposed sale of its Argentine subsidiary, Resource Ventures S.A. (ReVe), to Mava Gasoil for USD$3.5 million. The transaction, initially announced on November 18, 2024, is expected to complete in late February 2025, subject to final documentation, definitive agreement execution, final TSXV acceptance, and receipt of purchase price.

Edison Lithium Corp (TSXV: EDDY) has accepted a non-binding purchase offer from Mava Gasoil for the sale of its Argentina subsidiary, Resource Ventures S.A. (ReVe), for USD$3.5 million. The deal includes 30 mining concessions covering 104,538 hectares in Catamarca Province's Antofalla and Pipanaco Salars. Edison will retain 8 mining concessions (35,000 hectares), representing 25% of current ReVe claims. The transaction requires a USD$100,000 initial deposit and remaining payments upon closing, subject to TSXV and shareholder approvals, with completion expected within 45 days of TSXV approval.

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.

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.

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.

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

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.

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.

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.