(TheNewswire)
V ancouver , BC - TheNewswire - March 24, 2023 - On e W o rl d Li t h i u m In c . (C S E : OW L I ) (O T C: QB - OW R DF) (t h e “ Co m p a n y ” or “ O W L ” ) announces that effective March 22, 2023, Fernandez Young LLP,Chartered Professional Accountant have been appointed as theCompany’s auditors until the next annual general meeting of theCompany. Fernandez Young LLP replaces BDO Canada LLP as theCompany’s auditors.
Stock Option Grants
The Company also announces that is has grantedincentive stock options to certain of itsdirectors, officers, management and consultants of the Company topurchase up to an aggregate of 5,100,000 common shares of the Company(the “Options ”). The Options are exercisable on or before March 24,2025, at a price $0.06 per common share, being the closing price ofthe Company’s common shares on the Canadian Stock Exchange on March24, 2023. All Options are fully vested and were granted in accordancewith the Company’s Stock Option Plan.
About One World Lithium Inc.
One World Lithium Inc. remains focused on properties ofmerit that may contain lithium carbonate in a brine. The Company isalso focused on commercial application of the DOE’s separationtechnology. OWL intends to license or joint venture its technology tocurrent and future lithium carbonate producers. For more information,visit: https://oneworldlithium.com .
On b e h alf o f t h e B o a rd o f D i r e c t o r s of O n e Wo r l d Li th i u m In c .
“ Do u g l as F u l cher”
P r esi d e n t a n d C h i ef Execu t ive O ff i c er
For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com or call 1-604-564-2017 Extension-3.
Forward-Looking Information: This press release may include forwardlooking information within the meaning of Canadian securitieslegislation. Forward-looking information is based on certain keyexpectations and assumptions made by the management of the OWL,including, but not limited to: (I) the entry into of a DefinitiveAgreement with MatterGreen LLC (“MG”) and timing thereof, (II) theability of the OWL Divisional Patent Applications, following the Assignment and furtherR&D, to change the lithium extraction industry, and (III) OWL’sand MG’s collective abilities to commercialize the OWL DivisionalPatent Applications technology. Although OWL believes that theexpectations and assumptions on which such forward looking informationis based are reasonable, undue reliance should not be placed on theforward-looking information because OWL can give no assurance thatthey will prove to be correct. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from the those anticipated in suchstatements, important factors that could cause actual results todiffer materially from the company’s expectations include: (I)inability of OWL and MG to agree upon the essential terms for theAssignment and, as a result, the Definitive Agreement, (II) theinability of OWL and MG to commercialize the OWL DivisionalTechnologies; and (III) OWL’s inability to execute its business planand raise any required financing, (IV) risks and market fluctuationscommon to the mining industry and lithium sector in particular, and(V) advancements in other new separation technologies. The ongoingCOVID-19 pandemic, labour shortages, inflationary pressures, risinginterest rates, the global financial climate and the conflict inUkraine and surrounding regions are some additional factors that areaffecting current economic conditions and increasing economicuncertainty, which may impact the Company’s operating performance,financial position, and future prospects. Collectively, the potentialimpacts of this economic environment pose risks that are currentlyindescribable and immeasurable. No assurance can be given that any ofthe events anticipated by the forward-looking statements will occuror, if they do occur, what benefits the Company will obtain from them.The Company does not undertake any obligation to update suchforward?looking information whether because of new information,future events or otherwise, except as expressly required by applicablelaw.
Ne it he r th e Ca nad ian Secu r it i e s E x chang e no r i t s M a r k e t Re gu la to r ( a s tha t t e r m is de f in e d in th e p o li c ies o f th e Ca nad i a n Secu r iti e s E x chan g e ) acc e p ts r e s pon s ibility f o r th e adequac y o r accu r ac y o f th is rel ea s e .
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