03:41:51 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



One World Lithium Inc
Symbol OWLI
Shares Issued 104,196,037
Close 2023-10-24 C$ 0.04
Market Cap C$ 4,167,841
Recent Sedar Documents

One World Lithium increases financing to $1-million

2023-10-25 12:29 ET - News Release

Mr. Douglas Fulcher reports

ONE WORLD LITHIUM INCREASES ITS NON-BROKERED PRIVATE PLACEMENT OFFERING TO $1,000,000

One World Lithium Inc., further to its press release on Oct. 20, 2023, that the company is continuing with its offering of up to 15 million of the company at a price of five cents per unit the company, is increasing the offering up to 20 million units for gross proceeds of up to $1-million that may close in one or more tranches.

Each Unit will consist of one common share of the Company (each, a " Common Share ") and one non-transferable Common Share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.08 for a period of 36 months from the closing of the Offering.

All funds are stated in Canadian dollars. For further details on the non-brokered private placement see the Company's news release dated September 06, 2023.

MatterGreen LLC started on October 23, 2023, its bench testing of the Company's lithium carbonate extraction technology that can be used as a proof of concept of the novel advanced carbonation technology to selectively extract lithium from a natural brine. As Jack Lifton, a physical and chemical engineer and advisor to OWL noted " Using the data and photos of the lithium carbonate crystalline precipitates formed in the brine. OWL plans to either sell or license the technology to producers of lithium carbonate and, in particular , to end users that are the manufacturers of EV."

The additional proceeds will be used for the next phase of the Company's research & development after the bench test and working capital.

About One World Lithium Inc.

One World Lithium Inc. remains focused on properties of merit that may contain lithium in brine. The Company is also focused on commercial application of its Direct Lithium Extraction Technology. OWL intends to license or joint venture its technology to current and future lithium carbonate producers. For more information, visit: https://oneworldlithium.com/ .

We seek Safe Harbor.

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