Edison Lithium (TSE:EDDY) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Edison Lithium Corp. has received conditional approval from the TSX Venture Exchange for the sale of its Argentinian subsidiary, Resource Ventures S.A., to Mava Gasoil LLC for $3.5 million. The transaction is expected to finalize by February 2025, pending final documentation and approval. This move aligns with Edison’s strategy to focus on developing energy metal properties for the battery industry.
For further insights into TSE:EDDY stock, check out TipRanks’ Stock Analysis page.