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Enter Symbol
or Name
USA
CA



One World Lithium Inc
Symbol OWLI
Shares Issued 83,236,548
Close 2019-04-10 C$ 0.18
Market Cap C$ 14,982,579
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One World Lithium moves drill rig to Salar del Diablo

2019-04-10 10:02 ET - News Release

Mr. Douglas Fulcher reports

ONE WORLD LITHIUM ANNOUNCES DRILLING RIG MOBILIZATION AND ENGAGEMENT OF INVESTOR RELATIONS FIRM

A drilling rig is being moved to One World Lithium Inc.'s Salar del Diablo project in Mexico and the company has engaged an investor relations firm.

Layne de Mexico is moving a truck-mounted TH-100 reverse circulation drill rig, drill pipe, compressors and other equipment from its Hermosillo yard to the Salar del Diablo project, which will take three days to complete. As previously announced, the 12-hole, 4,250-metre drilling program will test three geophysical zones covering more than 54 square kilometres, a large geochemical anomaly that covers 150 square kilometres as well as geological structures.

The company's affiliate filed an application for a drill permit on March 5, 2019, that may take 20 or more business days for approval.

One World Lithium has engaged Kaye Wynn Consulting Inc., an investor relations firm with success in both the Canadian and American stock markets. Under the terms of the agreement, Kaye Wynn will be paid $4,000 per month and has been granted an option to purchase up to 300,000 common shares of the company at an exercise price of 18 cents per common share. The stock options are exercisable on or before Dec. 31, 2019, with 150,000 vesting on June 10, 2019, and the balance vesting on July 10, 2019.

About One World Lithium Inc.

One World Lithium is an exploration company focused on lithium in brine projects. It has currently earned a 60-per-cent property interest, with an option to acquire a further 30-per-cent property interest, for a total of a 90-per-cent working interest, in the 75,400-hectare/290-square-mile Salar del Diablo lithium brine project located in the state of California Baja Norte, Mexico.

John E. Hiner, a registered member of SME (Society for Mining, Metallurgy & Exploration) and a qualified person as defined by the National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release.

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