Edison has acquired the rights to alkali disposition A-4593 located in Whiteshore Lake in Saskatchewan. This acquisition is part of Edison's growing portfolio of alkali dispositions, driven by interest in Sodium-Ion battery formulations.
Sunday, April 14, 2024 9:15 PM PDTday of April, 2024, pursuant to which the Company shall acquire from Globex the rights to alkali disposition A-4593 located in Whiteshore Lake in the Province of Saskatchewan , the Company acquired certain alkali disposition s located in Ceylon Lake, Freefight Lake and the north and south areas of Cabri Lake, in the Province of Saskatchewan in 2023. For the locations of Edison 's alkali disposition s, including the Alkali Disposition , please see Figure 2.
Under the terms of the Agreement, Globex shall transfer all of its right, title and interest in the Alkali Disposition to Edison in exchange for a cash payment of $200,000 payable to Globex by the Company; the issuance of such number of common shares in the capital of Edison having an aggregate value of $50,000 based on the five day volume weighted average closing price per Consideration Share of the Company's shares on the TSX Venture Exchange preceding the date hereof, in favour of...
Forward-looking statements in this press release relate to, among other things: the receipt of all required regulatory approvals, including the acceptance of the TSX Venture Exchange, and the completion of cash payments and share issuances, and the timing thereof. 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.
Edison Alkali Disposition Acquisition Saskatchewan Whiteshore Lake Sodium-Ion Battery
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