In the first quarter of 2023 the Company is expecting to receive approval of its initial Environmental Impact Assessment (EIA) Report that was submitted to the mining authorities in Catamarca,
Claims #29 and #30 are Edison's most advanced claims and main focus for future exploration work as geophysics results suggest the presence of a potential brine zone of at least 300 metres in thickness. Once the road construction and drilling permits are approved the Company plans to commence drilling.
In addition, Edison has been approached by various potential collaborators for the development of claims. The Company is assessing all opportunities and may enter into collaboration agreements to advance multiple claims, thereby enabling the Company to simultaneously develop a larger number of claims in the Salar of Antofalla.
The Company also announces that it intends to extend the expiry date of an aggregate of 9,700,000 common share purchase warrants (the 'Warrants') by 24 months to
About
Contact:
Chief Executive Officer and Director
Tel: 416-526-3217
Email: info@edisonlithium.com
Website: www.edisonlithium.com
Neither
Forward-Looking Disclaimer
This news release contains certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates' 'believes', 'intends', 'estimates', 'potential' 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Company's exploration plans and the receipt of any regulatory or governmental approvals required to complete such exploration plans, the impact of exploration and results obtained therefrom, potential collaborations to develop claims in the Salar of Antofalla, the Warrant Extension and receipt of all necessary approvals in connection therewith. 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 on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, 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, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions, as well as the ability of the Company to obtain all required regulatory and governmental approvals. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. 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 applicable securities laws.
(C) 2023 Electronic News Publishing, source