Arctic Fox Lithium, MakerSoul cancel LOI

Executive Summary

• Arctic Fox Lithium Corp. and MakerSoul (Hong Kong) Ltd. have mutually agreed to terminate their non‑binding letter of intent for a proposed reverse takeover/business combination.
• Arctic Fox will repay the $25,000 bridge loan advanced by MakerSoul and each party will bear its own transaction costs.
• The company will continue to pursue other strategic opportunities and will issue further updates as appropriate.

Key Details

• Termination Agreement: Mutual release signed; both parties released from obligations under the prior LOI.
• Bridge Loan Repayment: Arctic Fox to repay $25,000 to MakerSoul, representing the bridge financing provided for the contemplated transaction.
• Cost Allocation: Each party retains responsibility for its own costs and expenses incurred in connection with the terminated transaction.
• Future Outlook: Arctic Fox will continue evaluating alternative strategic opportunities; no immediate replacement transaction disclosed.

Notable Quotes

(No executive quotes were included in the release.)