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One World Lithium Announces Termination of its Interest in the Salar Del Diablo Property Located in Mexico
VANCOUVER, BC – TheNewswire - May 02, 2022 - One World Lithium Inc. (OTC:OWRDF) (CSE:OWLI) (CNSX:OWLI.CN) (the “Company” or “OWL”), announces that due to the re
About this update from One World Lithium, Inc.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - May 02, 2022 - One World Lithium Inc. (OTC:OWRDF) (CSE:OWLI) (CNSX:OWLI.CN) (the “Company” or “OWL”), announces that due to the recent poor drilling results on its Salar del Diablo Property (the “Property”) located in the State of Baja California, Mexico (For additional details see Company’s press Release dated January 4, 2022) the Company has terminated its Letter of Intent with Energy Metals Discover Group (“EMDG”). Under the Termination Agreements with EMDG the Company has conveyed all of its right, title and earned interest in the Property. All the Parties agreed to release each other from any and all claims that they may have against each other to date and the Company would have no further rights title and earned interest in the Property. As well, the Company has terminated its Share Purchase Agreement with Stand Up Investments Ltd. (“SUI”) and a Third Party. Under this Termination Agreement all Parties have agreed to release each other from any and all claims that they may have against each other and the Company has no further payments or share issuances to the former and original shareholders except a $25,000 termination fee that is due no later than December 31, 2022, by way of a Promissory note bearing simple six (6) percent interest dated April 29, 2021. About One World Lithium Inc. One World Lithium Inc. remains focused on properties of merit that may contain lithium carbonate in a brine. The Company is also focused on commercial application of the DOE’s separation technology. OWL intends to license or joint venture its technology to current and future lithium carbonate producers. For more information, visit: https://oneworldlithium.com/. On behalf of the Board of Directors of One World Lithium Inc., “Douglas Fulcher” President and Chief Executive Officer For further information please visit www.oneworldlithium.com or email [email protected] or call 1-604-564-2017 Extension-3. Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not l...