(TheNewswire)
VANCOUVER, BC – TheNewswire - October23, 2023 - One World Lithium Inc. (CSE:OWLI) (OTC:OWRDF)(the “ Company ” or “ OWL ”) is pleased to announce following theentering into a Definitive Agreement with MatterGreen LLC (“MG” ) onSeptember 27, 2023, MG has started the initial phase of theCompany’s research & development project on its lithiumcarbonation extraction technology which is a bench test on lithiumcarbonation that can be used as a proof of concept of the noveladvanced carbonation technology to selectively extract lithium fromnatural brines. The formation of lithium carbonate (precipitate) willbe graphically presented to show formation caused by the Company’slatest advanced carbonation technique. The bench test proof of conceptdemonstration should be completed within 4 to 6 weeks.
Jack Lifton , asenior consultant in chemical processing technology, and an Advisor tothe Company notes: “Using the data and photos of the lithiumcarbonate crystalline precipitates formed in the brine the Companyplans to license or sell the use of the technology to industryproducers of lithium carbonate and, in particular, to end users, themanufactures of EVs.”
STOCK OPTION GRANTS
In addition, the Company also announces that is hasgranted incentive stock options to certainconsultants and an advisor of the Company to purchase up to anaggregate of 2,000,000 common shares of the Company (the “Options ”). TheOptions are exercisable on or before October 23, 2025, at a price of$0.05 per common share, being the minimum allowed closing price of theCompany’s common shares on the Canadian Stock Exchange on October20, 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 in a brine. The Company is also focusedon commercial application of its Direct Lithium Extraction Technology.OWL intends to license or joint venture its technology to current andfuture lithium carbonate producers and consumers. For moreinformation, 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 1-888-280-8128
Forward-Looking Information: Thispress release may include forward looking information within themeaning of Canadian securities legislation. Forward lookinginformation is based on certain key expectations and assumptions madeby the management of the OWL, including, but not limited to: (I) the ability ofthe OWL & MG to further its R&D, from the bench test to changethe lithium extraction industry, and (II) OWL’s abilities tocommercialize its Direct Lithium Extraction (“DLE”) technology.Although OWL believes that the expectations and assumptions on whichsuch forward looking information is based are reasonable, unduereliance should not be placed on the forward-looking informationbecause OWL can give no assurance that they will prove to be correct.There can be no assurancethat such statements will prove to be accurate and actual results andfuture events could differ materially from the those anticipated insuch statements, important factors that could cause actual results todiffer materially from the company’s expectations include: (I)inability of OWL to commercialize its DLE technology (II) OWL’sinability to execute its business plan and raise any requiredfinancing, (III) risks and market fluctuations common to the miningindustry and lithium sector in particular, and (IV) advancements inother new separation technologies. The reader is cautioned that assumptionsused in the preparation of any forward-looking information may proveto be incorrect. Events or circumstances may cause actual results todiffer materially from those predicted, as a result of numerous knownand unknown risks, uncertainties, and other factors, some of which arebeyond the control of the OWL. The reader is cautioned not to placeundue reliance on any forward-looking information contained in thispress release.
Neither theCanadian Securities Exchange nor its Market Regulator (as that term isdefined in the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
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