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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.

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) ha presentato un Rapporto Tecnico conforme al National Instrument 43-101 per le sue concessioni minerarie alcaline in Saskatchewan, Canada. Il rapporto, intitolato 'Concessioni Minerarie Alcaline, Saskatchewan', copre quattro laghi alcalini: Lago Whiteshore, Lago di Sale Ceylon, Lago Freefight e Lago Cabri.

L'azienda considera le batterie al sodio una promettente alternativa alla tecnologia delle batterie al litio, citando la loro economicità e sostenibilità. Edison mira a sviluppare risorse di sodio in Saskatchewan, posizionandosi come un attore chiave nell'avanzamento della tecnologia delle batterie al sodio. Il CEO Nathan Rotstein ha sottolineato i potenziali vantaggi delle batterie al sodio, in particolare nei climi più freddi.

Le concessioni alcaline, detenute dalla sussidiaria di Edison, Edison Saskatchewan Resources Corp., coprono un'area totale di circa 6.052 acri distribuiti sui quattro laghi. Queste acquisizioni sono in linea con l'interesse di Edison per le formulazioni delle batterie al sodio e il loro impegno verso le iniziative di energia pulita del Canada.

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) ha presentado un Informe Técnico conforme al National Instrument 43-101 para sus concesiones de minerales alcalinos en Saskatchewan, Canadá. El informe, titulado 'Concesiones de Minerales Alcalinos, Saskatchewan', abarca four lagos alcalinos: Lago Whiteshore, Lago de Sal Ceylon, Lago Freefight y Lago Cabri.

La empresa considera que las baterías de sodio son una alternativa prometedora a la tecnología de baterías de iones de litio, citando su rentabilidad y sostenibilidad. Edison tiene como objetivo desarrollar recursos de sodio en Saskatchewan, posicionándose como un actor clave en el avance de la tecnología de baterías de sodio. El CEO Nathan Rotstein destacó las ventajas potenciales de las baterías de sodio, especialmente en climas fríos.

Las concesiones alcalinas, que pertenecen a la subsidiaria de Edison, Edison Saskatchewan Resources Corp., abarcan un área total de aproximadamente 6,052 acres repartidos entre los cuatro lagos. Estas adquisiciones se alinean con el interés de Edison en las formulaciones de baterías de sodio y su compromiso con las iniciativas de energía limpia de Canadá.

에디슨 리튬 주식회사 (TSXV: EDDY) (OTCQB: EDDYF)는 캐나다 사스카추완의 알카리 광물 개발에 대한 국가 기준 43-101 준수 기술 보고서를 제출하였습니다. 이 보고서의 제목은 '알카리 광물 개발, 사스카추완'이며, 화이트쇼어 호수, 세일론 소금 호수, 프리파이트 호수, 카브리 호수의 네 개 알카리 호수를 포함합니다.

회사는 나트륨 이온 배터리가 리튬 이온 기술의 유망한 대안이라고 보고 있으며, 비용 효율성과 지속 가능성을 언급합니다. 에디슨은 사스카추완에서 나트륨 자원을 개발하여 나트륨 이온 배터리 기술의 발전에서 중요한 역할을 하기를 목표로 하고 있습니다. CEO 네이선 로츠타인은 특히 추운 기후에서 나트륨 이온 배터리의 잠재적 장점을 강조했습니다.

에디슨의 자회사인 에디슨 사스카추완 자원 주식회사가 보유한 알카리 개발권은 네 개 호수를 따라 총 약 6,052 에이커의 면적을 차지합니다. 이러한 인수는 나트륨 이온 배터리 제형에 대한 에디슨의 관심과 캐나다의 청정 에너지 이니셔티브에 대한 헌신에 맞춰져 있습니다.

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) a déposé un Rapport Technique conforme à la Norm Nationale 43-101 pour ses dispositions minérales alcalines en Saskatchewan, Canada. Le rapport, intitulé 'Dispositions Minérales Alcalines, Saskatchewan', couvre quatre lacs alcalins : Lac Whiteshore, Lac de Sel Ceylon, Lac Freefight et Lac Cabri.

L'entreprise considère les batteries sodium-ion comme une alternative prometteuse à la technologie des batteries lithium-ion, citant leur rentabilité et leur durabilité. Edison vise à développer des ressources en sodium en Saskatchewan, se positionnant comme un acteur clé dans l'avancement de la technologie des batteries sodium-ion. Le PDG Nathan Rotstein a souligné les avantages potentiels des batteries sodium-ion, notamment dans des climats plus froids.

Les dispositions alcalines, détenues par la filiale d'Edison, Edison Saskatchewan Resources Corp., s'étendent sur une superficie totale d'environ 6 052 acres à travers les quatre lacs. Ces acquisitions sont en ligne avec l'intérêt d'Edison pour les formulations de batteries sodium-ion et leur engagement envers les initiatives d'énergie propre du Canada.

Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) hat einen technischen Bericht gemäß dem National Instrument 43-101 für seine alkalischen Mineralgüter in Saskatchewan, Kanada, eingereicht. Der Bericht mit dem Titel 'Alkalische Mineralgüter, Saskatchewan' umfasst vier alkalische Seen: Whiteshore Lake, Ceylon Salt Lake, Freefight Lake und Cabri Lake.

Das Unternehmen sieht Natrium-Ionen-Batterien als vielversprechende Alternative zur Lithium-Ionen-Technologie, da sie kosteneffektiv und nachhaltig sind. Edison beabsichtigt, Natriumressourcen in Saskatchewan zu entwickeln und sich als Schlüsselakteur im Vorantreiben der Natrium-Ionen-Batterietechnologie zu positionieren. CEO Nathan Rotstein hob die potenziellen Vorteile von Natrium-Ionen-Batterien hervor, insbesondere in kälteren Klimazonen.

Die alkalischen Dispositionen, die von Edisons Tochtergesellschaft Edison Saskatchewan Resources Corp. gehalten werden, erstrecken sich über eine Gesamtfläche von etwa 6.052 Acres über die vier Seen. Diese Akquisitionen stehen im Einklang mit Edisons Interesse an Natrium-Ionen-Batterieformulierungen und ihrem Engagement für die sauberen Energieinitiativen Kanadas.

Positive
  • Filing of NI 43-101 compliant Technical Report for alkali mineral dispositions in Saskatchewan
  • Strategic positioning in the emerging sodium-ion battery market
  • Potential cost-effectiveness and sustainability of sodium-ion batteries compared to lithium-ion technology
  • Acquisition of approximately 6,052 acres of alkali dispositions across four lakes in Saskatchewan
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Technical Report entitled "Alkali Mineral Dispositions, Saskatchewan" dated and effective September 17, 2024 (the "Report") under the Company's profile on SEDAR+ at www.sedarplus.ca. The Report was independently prepared by Lynn I. Kelley, P. Geo., and is also available on the Company's website at www.edisonlithium.com.

The Company, looking towards a clean-energy future, views sodium-ion batteries as having a place on the future energy landscape, and believes the sodium sulfate found in the alkali lakes of the Great Plains of southern Saskatchewan, as a highly-concentrated and readily-available source of sodium, may be a feasible source for production of some of the various sodium compounds required for battery production.

Nathan Rotstein, Chief Executive Officer of Edison, commented, "Sodium-ion batteries present a cost-effective and sustainable alternative to traditional lithium-ion technology, primarily due to the abundance and lower cost of sodium. With Saskatchewan's rich resources, we are committed to developing this critical resource in the province, positioning Edison as a key player in the advancement of sodium-ion battery technology to not only enhance battery safety and performance, especially in colder climates where the sodium-ion battery has a significant performance edge over the lithium-ion battery, but also contribute to Canada's clean energy initiatives."

The Report is with respect to alkali dispositions, as held by Edison Saskatchewan Resources Corp. ("Edison Saskatchewan"), a wholly-owned subsidiary of the Company, on four alkali lakes - Whiteshore Lake, Ceylon Salt Lake, Freefight Lake, and Cabri Lake, in Saskatchewan, Canada (see Figure 1 and Table 1). The alkali disposition at Whiteshore Lake was acquired by Edison Saskatchewan earlier this year (see news release dated April 15, 2024) and the dispositions at Ceylon Salt Lake, Cabri Lake North, Cabri Lake South, and Freefight Lake were acquired by Edison Saskatchewan in 2023 (see news release dated August 25, 2023).

The acquisition of the sodium brine claims described herein was driven by interest in Sodium-Ion battery formulations. For information on Sodium-Ion batteries, visit www.sodiumbatteryhub.com.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/3852/224185_0fbd4f8824a48b2e_002.jpg

Figure 1- Location map showing four closed basin lakes in southern Saskatchewan

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3852/224185_0fbd4f8824a48b2e_002full.jpg

  Disposition  Parcel  Origin DateArea  
(acres)  
  A-4613  Cabri North  2023-06-08 1,200.3611  
  A-4614  Cabri South  2023-06-08 1,200.786  
  A-4615  Ceylon  2023-06-08 1,279.8505  
  A-4616  Freefight  2023-06-08883.873  
  A-4593  Whiteshore W  2012-01-311,487.57  

 

Table 1 - Alkali dispositions held 100% by Edison Saskatchewan Resources Corp.

For further information regarding the sodium brine claims, please visit the Company's sodium-ion properties webpage at https://edisonlithium.com/sodium-ion-properties/.

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: info@edisonlithium.com
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. 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. All statements, other than statements of historical fact, included herein, without limitation, statements relating to exploration of the alkali dispositions, the exploration potential thereof, and the advancement of sodium-ion battery technology are forward-looking statements. 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 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 Edison, 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, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated exploration factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Edison 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 applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224185

FAQ

What is the focus of Edison Lithium's (EDDYF) recent Technical Report filing?

Edison Lithium's recent Technical Report filing focuses on alkali mineral dispositions in Saskatchewan, Canada, covering four alkali lakes: Whiteshore Lake, Ceylon Salt Lake, Freefight Lake, and Cabri Lake.

Why is Edison Lithium (EDDYF) interested in sodium-ion batteries?

Edison Lithium is interested in sodium-ion batteries due to their potential cost-effectiveness, sustainability, and performance advantages, especially in colder climates, compared to traditional lithium-ion technology.

How much land area do Edison Lithium's (EDDYF) alkali dispositions cover in Saskatchewan?

Edison Lithium's alkali dispositions in Saskatchewan cover a total area of approximately 6,052 acres across four alkali lakes.

When did Edison Lithium (EDDYF) acquire the Whiteshore Lake disposition?

Edison Lithium acquired the Whiteshore Lake disposition earlier in 2024, as mentioned in their news release dated April 15, 2024.

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