Edison Lithium Provides Further Update on Sale of Interest in Resource Ventures S.A. | EDDYF Stock News

Jun 30, 2025

Edison Lithium Corp. (EDDY) extends the closing date of its subsidiary sale to Mava Gasoil LLC to September 30, 2025.
Mava Gasoil agrees to pay an additional deposit of USD$100,000, increasing total deposits to USD$300,000.
The transaction, valued at USD$3.5 million, awaits TSX Venture Exchange final approval and settlement of the remaining balance.

Edison Lithium Corp. (TSXV: EDDY) (OTC Pink: EDDYF) has announced an update regarding the sale of its Argentinian subsidiary, Resource Ventures S.A. (ReVe), to Mava Gasoil LLC. The company has granted an additional extension for the transaction's completion, now anticipated to close by September 30, 2025.

As consideration for this extension, Mava Gasoil will pay an additional deposit of USD$100,000, which will be applied towards the total purchase price of USD$3.5 million. This payment follows two prior deposits of USD$100,000 each, bringing the total deposits to USD$300,000. Upon closure of the transaction, Mava will pay the remaining USD$3 million to Edison, along with USD$100,000 to each of ReVe's other two shareholders.

Completion of this transaction remains subject to final acceptance by the TSX Venture Exchange and the receipt of the outstanding purchase price. Edison Lithium is actively working to ensure all conditions for the transaction are met in the agreed timeline.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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