Edison Lithium Receives Conditional Approval for Sale of Interest in Argentinian Lithium Properties

Source: www.gulfoilandgas.com 11/29/2024, Location: South America

Edison Lithium Corp. ("Edison" or the "Company") is pleased to announce that, further to its news release of November 18, 2024, the proposed disposition of the Company's Argentina subsidiary, Resource Ventures S.A. ("ReVe"), as contemplated by the non-binding purchase offer letter, effective November 12, 2024, from Mava Gasoil LLC for USD$3,500,000, has received conditional acceptance from the TSX Venture Exchange ("TSXV").

Completion of the disposition remains subject to, amongst other things, final documentation, the negotiation and execution of a definitive agreement, final acceptance from the TSXV, and receipt of the purchase price by the Company. The transaction is expected to complete in the latter half of February 2025.


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