Business
SPOD Lithium Announces Sale of its North Nipigon Lithium Project in Ontario and Change in Management
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - SPOD LITHIUM CORP. (CSE: SPOD) (OTCQB: SPODF) (the "Company" or "SPOD") announces that it has entered into a property purchase and sale agreement dated December 5, 2025 (the "Agreement") with Imagine Lithium Inc. (TSXV: ILI) (the "Purchaser") respecting the North Nipigon lithium exploration property in Ontario (the "Property"). Under the Agreement, SPOD sold its 100% interest in and to the Property for total consideration of...
About this update from Imagine Lithium Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - SPOD LITHIUM CORP. (CSE: SPOD) (OTCQB: SPODF) (the "Company" or "SPOD") announces that it has entered into a property purchase and sale agreement dated December 5, 2025 (the "Agreement") with Imagine Lithium Inc. (TSXV: ILI) (the "Purchaser") respecting the North Nipigon lithium exploration property in Ontario (the "Property").","length":447,"tagName":"p"},{"type":"text","content":"Under the Agreement, SPOD sold its 100% interest in and to the Property for total consideration of $30,000, payable in cash.","length":124,"tagName":"p"},{"type":"text","content":"Both SPOD and the Purchaser were dealing at arm's length at the time the transaction was agreed, and no finder's fee or commission are payable in connection with the transaction. This transaction aligns with the Company's objective to focus on its flagship assets.","length":276,"tagName":"p"},{"type":"text","content":"Moreover, the Corporation further announces that Mathieu Couillard has resigned as a director, Chief Executive Officer and President of the Company, effective December 19, 2025. The Company thanks Mr. Couillard for his dedication and service over the period of his services and wishes him the best in his future endeavors.","length":322,"tagName":"p"},{"type":"text","content":"With the resignation of Mr. Couillard, Ms. Veronique Laberge has been appointed as interim Chief Executive Officer and director of the Company. The Board will begin a search for a permanent Chief Executive Officer that will help take the Company into its next phase.","length":266,"tagName":"p"},{"type":"text","content":"About Spod Lithium Corp.Spod Lithium Corp. is a leading exploration and development company focused on unlocking the vast potential of lithium resources. With a strategic approach to resource management and a commitment to sustainable practices, SPOD is dedicated to driving innovation and delivering value for its stakeholders. Founded in 2020, its primary lithium properties are strategically located in Quebec and Ontario, Canada, regions renowned for their rich deposits of these valuable resources. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company through its website at...