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Edison Lithium Announces Termination of LOI for Sale of Majority Stake in Argentinian Lithium Properties
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - Edison Lithium Corp. (TSXV: EDD...
About this update from Edison Lithium Corp.
[{"type":"text","content":"Edison Lithium Announces Termination of LOI for Sale of Majority Stake in Argentinian Lithium PropertiesVancouver, British Columbia--(Newsfile Corp. - June 10, 2024) - Edison Lithium Corp. (TSXV: EDDY) (OTCQB: EDDYF) (FSE: VV0) (\"Edison\" or the \"Company\") announces the termination of its previously announced letter of intent with Meteor Energy, LLC, for the sale of 100% of the Company's interest in its Argentina subsidiary, Resource Ventures S.A. (\"ReVe\"). ReVe controls the rights to prospective lithium brine claims in the province of Catamarca, Argentina. The Company is now in discussions with several other parties interested in acquiring the Company's Argentinian lithium properties, but has not reached any further sale agreements as at the date of this news release. The Company also announces that due to challenging market and financing conditions it is postponing the completion of its previously announced spin-out by way of plan of arrangement involving the Company's wholly-owned subsidiary, Edison Cobalt Corp. (the \"Spin-Out\") until further notice. The Spin-Out received court and shareholder approval earlier this year and remains subject to final 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 RotsteinChief Executive Officer and DirectorFor more information please contact:Tel: 416-526-3217Email: [email protected]: www.edisonlithium.comNeither 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 hist...