Edison Lithium Announces Non-Brokered Private Placement of up to $1.9 Million

Edison Lithium Corp. announced a non-brokered private placement of up to 27,142,857 units at $0.07 per unit, targeting gross proceeds of approximately $1.9 million CAD. Each unit consists of one common share and one common share purchase warrant. The warrants carry an exercise price of $0.10 per share and are exercisable for 36 months from issuance.

The company stated that the proceeds will be used for exploration activities, general working capital, and corporate purposes. The offering is subject to final acceptance by the TSX Venture Exchange and includes a statutory hold period of four months and one day. Insiders may participate in the offering, constituting a related party transaction under Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval.

Edison Lithium Corp. (EDDY) has secured a financing round priced at $0.07 per share, a move the company describes as essential to address a severe liquidity crunch. The transaction aligns with the current market price, though it results in significant dilution. The pre-financing share count of approximately 30.1 million shares will expand to roughly 57.3 million shares, nearly doubling the equity base.

The proceeds are explicitly earmarked to fund a $2 million exploration commitment on newly optioned Quebec gold properties and to cover ongoing working capital. This capital raise serves as a lifeline given the company's cash burn trajectory and pending property acquisition milestones.

Financial data indicates that cash on hand stands at $272,317 against a six-month operating loss of $509,540 and a going-concern flag.

Edison Lithium Corp. (TSX-V: EDDY) is a TSX-V listed exploration-stage company transitioning its focus from historical lithium assets in Argentina to gold exploration in Quebec. The company’s flagship projects are the Joutel North-West and Gagne gold-copper properties, located in the Casa Berardi Structural Zone adjacent to past-producing mines such as Agnico Eagle's Eagle-Telbel deposit, which had a historic production of approximately 1.1 million ounces.

Edison Lithium holds an option agreement with Globex Mining Enterprises to earn a 100% interest in the properties, subject to a 3% gross metal royalty. Historic drilling highlights include 54.7m @ 1.1 g/t Au and 20.64m @ 1.11 g/t Au (including 0.64m @ 14.7 g/t Au). An independent NI 43-101 technical report was filed in September 2026, with the transaction pending final TSX-V acceptance.