Mr. Jack Stoch reports
GLOBEX SELLS ANOTHER SASKATCHEWAN ALKALI DISPOSITION
Globex Mining Enterprises Inc. has acquired and then sold another sodium sulphate alkali disposition in Saskatchewan to Edison Lithium Corp. Globex has received $200,000 in cash and will receive $50,000 in Edison stock based on the five-day volume-weighted average closing price on the TSX Venture Exchange and a 2-per-cent gross revenue royalty from commercial production.
The Whiteshore property is the fifth alkali disposition sold to Edison in Saskatchewan, the others being the Ceylon Lake, Freefight Lake and the North and South areas of Capri Lake. Sodium is an important ingredient in sodium-ion battery formulations.
We seek Safe Harbor.
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