Edison Lithium Terminates Proposed Sale of Interest in Resource Ventures S.A.
Edison Lithium Corp. (OTC Pink: EDDYF) has announced the termination of its previously announced sale of its Argentina subsidiary, Resource Ventures S.A. (ReVe), to Mava Gasoil LLC. The termination was due to Mava's failure to secure necessary funding to complete the transaction.
The company is actively exploring alternative options for ReVe and is currently in discussions with other potential buyers. Any future transaction will need to meet customary conditions, including a definitive agreement and regulatory approvals from the TSX Venture Exchange.
Edison Lithium Corp. (OTC Pink: EDDYF) ha annunciato la cessazione della vendita precedentemente comunicata della sua controllata argentina, Resource Ventures S.A. (ReVe), a Mava Gasoil LLC. La transazione è stata interrotta a causa del mancato ottenimento dei finanziamenti necessari da parte di Mava.
La società sta attivamente valutando soluzioni alternative per ReVe ed è in trattative con altri potenziali acquirenti. Qualsiasi operazione futura dovrà soddisfare le condizioni abituali, tra cui un accordo definitivo e le approvazioni regolamentari della TSX Venture Exchange.
Edison Lithium Corp. (OTC Pink: EDDYF) ha anunciado la terminación de la venta previamente anunciada de su filial en Argentina, Resource Ventures S.A. (ReVe), a Mava Gasoil LLC. La cancelación se produjo debido a la falta de financiación necesaria por parte de Mava para completar la operación.
La compañía está explorando activamente opciones alternativas para ReVe y mantiene conversaciones con otros posibles compradores. Cualquier transacción futura deberá cumplir las condiciones habituales, incluidos un acuerdo definitivo y las aprobaciones regulatorias de la TSX Venture Exchange.
Edison Lithium Corp. (OTC Pink: EDDYF)는 자회사인 아르헨티나 법인 Resource Ventures S.A.(ReVe)의 Mava Gasoil LLC로의 매각을 종료했다고 발표했습니다. 이번 종료는 거래 완료에 필요한 자금을 Mava가 확보하지 못했기 때문입니다.
회사는 ReVe에 대해 대체 방안들을 적극적으로 검토하고 있으며 다른 잠재적 매수자들과 현재 협의 중입니다. 향후 거래는 확정 계약서와 TSX 벤처 거래소의 규제 승인 등 통상적인 조건을 충족해야 합니다.
Edison Lithium Corp. (OTC Pink: EDDYF) a annoncé la résiliation de la vente précédemment annoncée de sa filiale argentine, Resource Ventures S.A. (ReVe), à Mava Gasoil LLC. La résiliation fait suite à l'incapacité de Mava à obtenir les financements nécessaires pour finaliser l'opération.
La société explore activement des options alternatives pour ReVe et est actuellement en discussion avec d'autres acheteurs potentiels. Toute transaction future devra remplir les conditions habituelles, notamment un accord définitif et les approbations réglementaires de la TSX Venture Exchange.
Edison Lithium Corp. (OTC Pink: EDDYF) hat die zuvor angekündigte Veräußerung seiner argentinischen Tochtergesellschaft Resource Ventures S.A. (ReVe) an Mava Gasoil LLC beendet. Die Beendigung erfolgte, weil Mava die erforderliche Finanzierung zur Durchführung der Transaktion nicht sicherstellen konnte.
Das Unternehmen prüft aktiv alternative Optionen für ReVe und steht in Gesprächen mit weiteren potenziellen Käufern. Jede künftige Transaktion muss die üblichen Bedingungen erfüllen, einschließlich eines endgültigen Vertrags und der behördlichen Genehmigungen der TSX Venture Exchange.
- Company is actively pursuing alternative buyers for the Argentina subsidiary
- Management demonstrates prudent decision-making by not prolonging a non-viable transaction
- Failed transaction with Mava Gasoil due to buyer's inability to secure funding
- Uncertainty regarding the timeline and success of finding alternative buyers
Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") announces that it has terminated the previously announced proposed sale of its Argentina subsidiary, Resource Ventures S.A. ("ReVe"), to Mava Gasoil LLC ("Mava") (the "Proposed Transaction"). The termination results from Mava's inability to raise the funds required to complete the Proposed Transaction.
The Company continues to evaluate alternatives for ReVe and is in discussions with other prospective buyers.
Completion of any future transaction will remain subject to customary conditions, including the negotiation and execution of a definitive agreement and all necessary approvals, including acceptance by the TSX Venture Exchange.
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 the 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 statements. Statements that are not historical facts, including statements about Edison's beliefs and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "will be", "expected," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue,", "proposes", "contemplates", "is/are likely to" or other similar expressions. All information provided in this news release is as of the date of this news, and the Company undertakes no duty to update such information, except as required under applicable law.
Forward-looking statements in this press release relate to, among other things: the Company's ongoing evaluation of alternatives for ReVe, discussions with prospective buyers, and the potential completion of a future transaction involving ReVe. 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 of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, 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: the risk that the Company may not be able to secure a new buyer or enter into a definitive agreement on favourable terms or at all, that required approvals may not be obtained on a timely basis or at all, and that general market conditions may impact the Company's ability to complete a transaction. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company 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 law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263122
FAQ
Why did Edison Lithium (EDDYF) terminate the sale of Resource Ventures S.A.?
What are Edison Lithium's (EDDYF) next steps after terminating the ReVe sale?
What approvals would be needed for a future sale of Resource Ventures S.A. by Edison Lithium?
How does the terminated sale affect Edison Lithium's (EDDYF) operations in Argentina?
