Edison Lithium Announces Completion of Extension of Term of Warrants

Rhea-AI Summary

Edison Lithium Corp (TSXV: EDDY) (OTC Pink: EDDYF) has received approval from the TSX Venture Exchange to extend the expiry date of 4,000,000 common share purchase warrants by 24 months. The warrants, which include 920,000 held by company insiders, will now expire on October 26, 2027. Each warrant maintains its original terms, allowing holders to purchase one common share at an exercise price of $0.20 per share.

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Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") announces that further to its news release dated April 1, 2025, the TSX Venture Exchange has approved the extension of the expiry date of an aggregate of 4,000,000 common share purchase warrants (the "Warrants") by 24 months to October 26, 2027 (the "Warrant Extension").

Each Warrant entitles the holder thereof to acquire one common share of the Company ("Share") at an exercise price of $0.20 per Share. Insiders of the Company hold an aggregate of 920,000 of the Warrants.

All other terms of the Warrants, including the exercise price, remain unchanged.

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, 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"

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250897

FAQ

What is the new expiry date for Edison Lithium's (EDDYF) warrants?

The warrants' expiry date has been extended by 24 months to October 26, 2027.

How many warrants were affected by Edison Lithium's (EDDYF) warrant extension?

The warrant extension affects 4,000,000 common share purchase warrants, with 920,000 held by company insiders.

What is the exercise price for Edison Lithium's (EDDYF) extended warrants?

The exercise price remains unchanged at $0.20 per share.

How many Edison Lithium (EDDYF) warrants are held by company insiders?

Company insiders hold 920,000 of the total 4,000,000 warrants affected by the extension.