Edison Lithium Provides Clarifying Disclosure Regarding Option for Joutel North-West and Gagne Gold Properties from Globex

Core Viewpoint - Edison Lithium Corp. has clarified details regarding its property option agreement with Globex Mining Enterprises Inc. to acquire a 100% interest in specific gold and copper properties, subject to a 3% Gross Metal Royalty retained by Globex [1][3]. Group 1: Transaction Details - The deemed price for common shares to be issued in connection with the transaction will be no less than $0.12 per share, aligning with the discounted market price as per TSX Venture Exchange policies [2]. - The Joutel North-West gold property comprises 46 mineral claims, while the Gagne gold and copper property consists of 24 mineral claims, both subject to a 3% gross metals royalty in favor of Globex [3]. - An amendment to the agreement has removed the requirement to issue shares within 30 days, allowing the company to issue $150,000 worth of common shares at a deemed price of $0.12 per share upon acceptance by the TSX Venture Exchange [4]. Group 2: Compliance and Reporting - The company has shortlisted qualified geological consultants to conduct a site visit and prepare a technical report on the properties, adhering to National Instrument 43-101 standards [5]. - All other information disclosed in the previous news release dated March 2, 2026, remains unchanged [6]. - The transaction is still subject to acceptance by the TSX Venture Exchange [7]. Group 3: Company Overview - Edison Lithium Corp. is a Canadian junior mining exploration company focused on the procurement, exploration, and development of cobalt, lithium, alkali, and other energy metal properties, aiming to build a portfolio of quality assets for the battery industry [9].