(via TheNewswire)
Under the Agreement MG will conduct and manage the development, testing and R&D laboratory work associated with the commercialization of the DOE License and the OWL Patent Applications. MG will take two months to assemble its laboratory. The work will be carried out in the Lab facilities in
In addition, MG states “By consuming carbon dioxide from industrial waste streams and air in carbonation processing, the process can produce carbon-neutral lithium carbonate for battery cathode manufacturing, which would generate a premium on the market price.”
Stock Option Grant
The Company also announces it has granted incentivestock options to an advisor of the Company to purchase up to an aggregate of 1,000,000 common shares of the Company (the“Options”). The Options are exercisable on or before
About
On behalf of the Board of Directors of
“Douglas Fulcher”
President and Chief Executive Officer
For further information please visitwww.oneworldlithium.comor emailinfo@oneworldlithium.com
or call604-644-4359.
Forward-Looking Information: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including,but not limited to OWL & MG’s collective abilities to commercialize the DOE Patents and MG’s Patent Applications. Although OWL believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no assurance that they will prove to be correct. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from the those anticipated in such statements, important factors that could cause actual results to differ materially from the company’s expectations include: (I) inability of OWL & MG to commercialize its DLE technology (II) OWL’s inability to execute its business plan and raise any required financing, (III) risks and market fluctuations common to the mining industry and lithium sector in particular, and (IV) advancements in other new DLE technologies.The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the control of the OWL. The reader is cautioned not to place undue reliance on any forward-looking information contained in this press release.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Copyright (c) 2024 TheNewswire - All rights reserved., source