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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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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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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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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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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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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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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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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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Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) has received conditional approval from the TSX Venture Exchange for the proposed plan of arrangement and spin-out of its cobalt assets in northeastern Ontario. The Spin-Out will be achieved through an arrangement agreement with Edison Cobalt Corp. The company expects the Spin-Out to increase shareholder value by allowing capital markets to ascribe value to the Kittson Cobalt Property independent of the Company's lithium properties.
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Edison Lithium Corp. has acquired four prime sodium brine properties in Saskatchewan to meet the growing demand of the NA-ION battery industry. A technical report for the properties will be available in December 2023. The company is also considering development or sale opportunities for lithium brine claims in Argentina. The proposed spin-out of the company's cobalt assets is expected to be completed in the first half of 2024.
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EDISON LITHIUM CORP
OTC:EDDYF
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1.54M
17.82M
3.96%
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