Edison Lithium Corporation (PK)【EDDYF】株式ニュース

Edison Lithium Acquires Option for Joutel North-West and Gagne Gold Properties from GlobexMarch 2, 2026 11:19 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) (FSE: VV0) ("Edison" or the "Company") is pleased to announce that it has entered into a property option agreement (the "Agreement"), effective February 27, 2026, with Globex Mining Enterprises Inc. ("Globex") on Globex gold properties, to earn a 100% interest in and to the Joutel North-West gold and Gagne gold and copper properties (together, the "Properties"), subject to a 3% Gross Metal Royalty (GMR) on the Properties retained by Globex. The Company and Globex are not related parties and Edison retains a right of first refusal to purchase all or any portion of the GMR from Globex on the same terms that Globex would be prepared to sell pursuant to a bona fide offer from a third party.Transaction terms are summarized below:On Agreement execution Edison must pay to Globex, $100,000 in cash and issue $150,000 in value of shares of Edison upon the receipt of approval from the TSX Venture Exchange (the "Exchange").On May 1, 2027, Edison must pay to Globex, $200,000 in cash and issue $300,000 in value of shares of Edison and Edison must complete $500,000 in exploration expenditures prior to May 1, 2027.On May 1, 2028, Edison must pay to Globex, $450,000 in cash, and issue $300,000 in value of shares of Edison and Edison must complete $500,000 in exploration expenditures prior to May 1, 2028.Prior to May 1, 2029, Edison must complete a further $1,000,000 in exploration expenditures.Once Edison has exercised its option and completed all conditions, Edison will own 100% of the Properties subject to a 3% GMR royalty payable to Globex.Joutel North-West/Gagne Property Highlights[1],[2],[3]The Properties are situated along the South Break of the Casa Berardi Structural zone adjacent to several past producing mines including Agnico Eagle's first gold mine, the Eagle-Telbel - Eagle West deposits (historic production of approximately 1.1 million ounces from 6.2 Mt grading 5.8 g/t gold), and Poirier mine (historic production of 4.39 Mt grading 1.97% Cu, 1.84% Zn and 4.66 g/t Ag), and Joutel Copper Mine (historic production of 1.17 Mt grading 2.16% Cu). Orford Mining (now Alamos Gold) last worked the Joutel North-West property in 2022-2023, principally focused on the South Gold Zone. Some of the drilling highlights from the South Gold Zone drilling by Orford Mining are shown below and in Exhibits 1, 2 and 3:23-JE-004 returned 1.6 m grading 4.1 g/t Au and 30.1 m @ 1.1g/t Au (see Orford Mining news release dated February 21, 2022)23-JE-015 returned 54.7 m @GMan returned 20.64 m @ 1.11 g/t Au including 4.15 m @ 1.78 g/t Au and 0.64 m @MB returned 15.7 m @ 1.7 g/t Au and 14.2 m @ 2.2g/t Au (see Globex news release dated April 20, 2023)The South Gold Zone clearly demonstrates zones for thick mineralization with potential for a higher-grade core that may continue to depth as indicated by hole 83-03 that intersected 6.3 m @ 2.9 g/t Au including 2.3 m @ 5.3g/t Au (Exhibit 3).There is also a potential parallel zone to the north of the South Gold Zone where hole 23-JE-007 intersected 16.1 m of 1.3 g/t Au. This alteration system remains open in all directions.Outside the South Gold Zone there has been limited exploration despite an abundance of geophysical and structural targets along the 11 km of property covering the south break of the Casa Berardi Structural zone and another 6 kms of strike along the Gagne property which is southwest of the main Casa Berardi Structural zone.The Gagne Property is contiguous to the south end of the Joutel North-West property and southwest of the main Casa Berardi Structural zone. The property hosts high-grade gold in previous trenching reported to grade up to 22.6 g/t Au over 1.5 metres. This sector of the property has received limited exploration work to date. The Gagne Property also has a number of copper and silver drill hole intersections in drill hole VAL-01 of up to 1.63% Cu and 11.5 g/t Ag over 0.7 m and Joutel PS drilling returning results of up to 7.86% Cu, 72.2 g/t Ag and 0.20 g/t Au over 2.21 m.There are 46 mining claims on the Joutel North-West property and 24 mining claims on the Gagne property in the Eeyou-Istchee James Bay Territory of Quebec, about 65 km south-west of Matagami and 8 km northwest of the former mining village of Joutel. The Properties are accessible by Highway 109 and a there is high voltage power to the former producing Agnico Eagle Gold mine Eagle-Telbel nearby.Exhibit 1. Joutel North-West Property Geology and Historic ExplorationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3852/285907_7addfab8940eda99_002full.jpgExhibit 2. Joutel North-West South Gold Zone and North Gold Zone Drilling Plan MapNote: Intercepts are historic and are core length not true thickness.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3852/285907_7addfab8940eda99_003full.jpgExhibit 3. Long Section of the South Gold ZoneNote: intercepts are from historic results and represent core lengths not true thicknesses.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3852/285907_7addfab8940eda99_004full.jpgExhibit 4. Gagne Property Geology and Historic ExplorationNote: Drill hole intersections are from historic work on the property and represent core lengths and not true thickness.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3852/285907_7addfab8940eda99_005full.jpgEdison looks forward to exploring the Joutel area properties, which it believes are very prospective for gold and copper mineralization. The Agreement, including the transactions contemplated thereunder, is subject to the acceptance of the Exchange.All securities to be issued in connection with the Agreement will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable Canadian securities legislation.Qualified PersonThe scientific and technical content of this news release has been reviewed and approved by Roger Dahn, P.Geo., Director of the Company and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.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: A. Paul Gill
Chief Executive and Director
Tel: 416-526-3217
Email: info@edisonlithium.com
Website: www.edisonlithium.comNeither the 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 Statements Caution: This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). Forward-looking statements are generally identifiable by words such as "anticipate", "believe", "could", "estimate", "expect", "forecast", "intend", "may", "plan", "potential", "propose", "schedule", "should", "target", "will" and similar expressions, or by statements that events or conditions "may", "will" or "would" occur.Forward-looking statements in this news release include, but are not limited to, statements regarding: the Company's ability to satisfy the terms, conditions and obligations under the Agreement; the anticipated timing and ability of the Company to make any required cash payments, share issuances and/or incur or fund exploration expenditures in order to acquire the Properties; the ability of the Company to obtain all necessary approvals (including the acceptance of the Agreement by the Exchange); the expected exploration, work program and/or development plans on the Properties, including the scope and timing and results thereof; the ability to secure access to the property, permits and authorizations; and the Company's ability to raise additional capital to fund exploration and satisfy obligations under the Agreement.Forward-looking statements are based on management's reasonable assumptions, estimates, expectations and opinions as of the date of this news release. Such assumptions include, without limitation: that the parties will be able to perform their respective obligations under the Agreement in a timely manner; that the Company will be able to obtain all required approvals and maintain good standing under the Agreement; that exploration and related activities can be planned and carried out as anticipated; that required permits, authorizations and access can be obtained on terms and timelines acceptable to the Company; that commodity prices, foreign exchange rates, general economic conditions, and capital markets will be supportive of the Company's plans; that the Company will be able to obtain financing when required on reasonable terms; and that no material adverse changes will occur with respect to the Company's business, assets or the Properties.The forward-looking statements in this news release also reflect the Company's current understanding of the Properties based on information available to it as of the date hereof. The property is at an early stage of exploration and, until exploration work is completed and results are analyzed and verified, the Company cannot confirm the merits of the Properties, including whether the property hosts mineralization of interest. Any references in this news release to the property's "potential", "prospectivity" or "exploration upside" are inherently speculative and based on incomplete information and assumptions that may prove incorrect. The presence of past-producing mines and deposits in the area is not necessarily indicative of mineralization on the Properties. The referenced mines and deposits are not on the Properties, and their historic production do not imply that similar mineralization occurs on the Properties or that exploration will be successful.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that the Company may not satisfy the conditions to, or may otherwise be unable to, acquire the Properties under the Agreement; the risk of termination of the Agreement; the risk that required Exchange approval may not be obtained; risks inherent in the exploration and development of mineral properties, including risks related to geology, sampling and assay variability, interpretation of exploration results, and the possibility that exploration results may not support further work; the speculative nature of mineral exploration and development; the risk that the merits of the property may not be realized; the availability of financing and changes in general economic and capital market conditions; fluctuations in commodity prices and exchange rates; changes in laws, regulations and policies, including permitting and environmental requirements; operational and logistical risks (including equipment availability, contractor performance, accidents, weather, wildfires, flooding and other natural events); title matters, including defects in title, competing claims, or the inability to obtain or maintain necessary rights of access; and other risks and uncertainties described in the Company's continuous disclosure filings available under the Company's profile on SEDAR+ at www.sedarplus.ca.Although the Company believes that the forward-looking statements contained in this news release are reasonable as of the date hereof, there can be no assurance that they will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update or revise any forward-looking statements, except as required by applicable securities laws.[1] Orford Mining Corporation - 2023 Assessment Report on the Joutel-Eagle Property by S. Jake Burden, P.Geo. (OGQ #01932) dated October 31, 2023
[2]Entreprises Minieres Globex Inc. - Propriete Eagle Northwest- Rapport de Compilation by Luc Rioux, B.Sc., P.Geo. (OGQ #861) dated September 15, 2020
[3] Entreprises Minieres Globex Inc. - Propriete Gagne - Rapport de Compilation by Luc Rioux, B.Sc., P.Geo. (OGQ #861) dated October 27, 2020To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285907
Original: Edison Lithium Acquires Option for Joutel North-West and Gagne Gold Properties from Globex

Edison Lithium Spin-Out of Cobalt Assets

Vancouver, British Columbia, May 19, 2022 – Edison Lithium Corp. (TSXV: EDDY, OTCQB: EDDYF; FSE: VV0) (“Edison” or the “Company”) is pleased to announce that its Board of Directors has unanimously approved a proposed spinout of its cobalt assets in northeastern Ontario, referred to as the Kittson Cobalt Property (the “Spin-Out”), into a newly incorporated subsidiary (“SpinCo”). The Company
will continue to hold its interest in the Antofalla Salar and Pipanaco Salar lithium projects in Argentina.

It is proposed that the Spin-Out will be carried out by way of statutory plan of arrangement (the “Arrangement”) pursuant to the Business Corporations Act (British Columbia). Common shares of SpinCo (the “SpinCo Shares”) will be distributed to shareholders of Edison on the basis of one SpinCo Share for every one common share of Edison held. There will be no change in Edison shareholders’ holdings in the Company as a result of the Spin-Out. If the Spin-Out is completed, shareholders will own shares in both companies - Edison, which will be focused on its Argentinian lithium brine projects, and SpinCo, which will be focused on cobalt exploration in Canada. The Company expects the Spin-Out will increase
shareholder value by allowing capital markets to ascribe value to the Kittson Cobalt Property independent of the Company’s lithium properties.

The proposed Spin-Out will be subject to the terms of an arrangement agreement between Edison and SpinCo, the approval of shareholders at a meeting of Edison shareholders, the approval of the British Columbia Supreme Court and the approval of the TSX Venture Exchange (the “Exchange”). The Company intends to seek a listing of the SpinCo Shares on the Exchange but no assurance can be provided that such a listing will be obtained. Listing will be subject to SpinCo fulfilling all of the requirements of the Exchange.

Nathan Rotstein, Chief Executive Officer of Edison comments, “It is our intention to build shareholder value by providing investors with an ownership stake in two separate specialized companies. Both companies will be in the hot battery metals sector. Each company will operate as a separate entity and will enjoy distinction in the exponential growth of the EV market.” In connection with the Spin-Out, the Company intends to undertake a private placement (“Private Placement”) of up to 60,000,000 subscription receipts (“Subscription Receipt”) priced at $0.05 per Subscription Receipt in order to raise gross proceeds of up to $3,000,000 (the “Escrowed Proceeds”), which will be held in escrow subject to the satisfaction or waiver of certain customary escrow release conditions (the “Escrow Release Conditions”). Each Subscription Receipt will entitle the holder thereof to receive,
upon conversion and without any further action on the part of such holder or payment of any additional consideration, one unit of SpinCo (a "Unit"), with each Unit comprised of one (1) SpinCo Share and one common share purchase warrant (each, a "Warrant"). Each Warrant shall be exercisable into one (1) SpinCo Share at an anticipated exercise price of $0.08 per SpinCo Share, for an exercise period of two years.

The conversion of the Subscription Receipts will be subject to the satisfaction or the Escrow Release Conditions, including the closing of the Arrangement and the listing of the SpinCo Shares on the Exchange, on or prior to a date to be determined (the "Outside Date"). Upon the satisfaction or waiver of the Escrow Release Conditions, the Escrowed Proceeds will be released to SpinCo. Upon receipt thereof, SpinCo is
expected to use the Escrowed Proceeds to fund exploration of the Kittson Cobalt Property and for general working capital, including, potential future acquisitions. In the event that the Escrow Release Conditions are not satisfied prior to the Outside Date, the Escrowed Proceeds will be returned pro rata to each holder of Subscription Receipts, and the Subscription Receipts will be automatically cancelled, void and of no value or effect. The Subscription Receipts and the SpinCo Shares and Warrants issuable in exchange for the Subscription Receipts will be subject to a four-month statutory hold period expiring four months and one
day from the closing date of the Private Placement.

Further details of the Spin-Out and the related Private Placement will follow by additional press releases. Timing of the Spin-Out and Private Placement will be based on prevailing market conditions. The particulars of the Spin-Out and related Private Placement are not yet final and shareholders are cautioned that there can
be no assurance that the Spin-Out and Private Placement will be completed on the terms described herein or at all.

About the Kittson Cobalt Property The Kittson Cobalt Property includes three historical producing Co-Ag mines, namely the Kittson-Cobalt Mine, Shakt-Davis and Edison (also known as Darby) Mine. These mines, unlike those in the nearby Cobalt silver camp, were developed primarily for their cobalt content, and interestingly possessed significant gold content (locally >1 oz/ton).

To view the National Instrument 43-101 compliant technical report titled “Technical Report on the Kittson-Cobalt Property” with a report date of June 9, 2021, and an effective date of July 16, 2021, as prepared by SGS Geological Service and GeoVector Management Inc. (the “Technical Report”), please visit Edison’s
website at www.edisonlithium.com. The Technical Report is also available under the Company’s profile on SEDAR (www.sedar.com).

About the Antofalla Salar and Pipanaco Salar Lithium Projects In 2021, Edison acquired Resource Ventures S.A., an Argentinian corporation that owns or controls the rights to over 148,000 hectares (365,708 acres) of prospective lithium brine claims in the province of Catamarca, Argentina. The claims are principally located in the two geological basins known as the Antofalla Salar and the Pipanaco Salar in South America’s famed Lithium Triangle. The Antofalla Salar hosts one of the largest lithium-bearing basins in the region. It is over 130 km long and
varies between 5 km and 20 km across. The Company’s assets in and around the Antofalla Salar are made up of approximately 107,000 hectares (264,397 acres) of semi-contiguous claims in the northern and southern parts of this salar.

The Company’s claims in the Pipanaco Salar consist of over 41,000 hectares (101,311 acres) of core areas in this salar. These properties are in the very early stages of exploration with minimal surface samples having been collected to date.

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, 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 Rotstein
Chief Executive Officer and Director

For more information please contact Nathan Rotstein:
Tel: 416-526-3217
Email: info@edisonlithium.com
Website: www.edisonlithium.com
Neither 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 historical facts, including statements about Edison’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrasessuch as “may,” “will,” “will be”, “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,”, “proposes”, “contemplates”, “is/are likely to” or other similar expressions. All information
provided in this news release is as of the date of this news, and the Company undertakes no duty to update such information, except as required under applicable law. Forward-looking statements in this press release relate to, among other things: the incorporation of SpinCo, completion of the proposed Spin-Out, the completion of the proposed Private Placement, the Company maintaining its interest in the Antofalla Salar and Pipanaco Salar properties, distribution of SpinCo Shares
to Edison shareholders and the basis of such distribution, no changes occurring to Edison shareholders’ holdings, the receipt of required shareholder, court, stock exchange and regulatory approvals for the Spin-Out and Private Placement, listing of the SpinCo Shares on the Exchange, increases to shareholder value as a result of the Spin-Out, the timing of the Spin-Out and related Private Placement transactions, and the timing of additional details concerning the Spin-Out and Private Placement. Actual future results may differ materially. 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. Forward-looking statements reflect the beliefs, opinions and projections of management on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective
parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: determination of acceptable terms for the proposed Spin-Out, receipt of all required shareholder, court, stock exchange and regulatory approvals for the Spin-Out; changes in the value of the Kittson Cobalt,
Antofalla Salar, and Pipanaco Salar properties; fluctuations in the securities markets, commodity pricing and the market price of the Company's common shares and CSE approval for listing of the SpinCo Shares.

Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should
they change, except as required by law.
We seek Safe Harbor.