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- Edison Lithium (TSXV:EDDY:CA) (OTCQB:EDDYF) said that it received initial deposit of $100K from Mava Gasoil for the disposition of the company’s Argentina subsidiary—Resource Ventures S.A.
- The sale terms include Mava paying the company this initial $100K deposit, with further payments of $3.2M, $100K and $100K payable by Mava to the company and the two other shareholders of ReVe, respectively, on closing.
- The transaction is expected to complete in the latter half of February 2025.