(TheNewswire)
VANCOUVER, BC – TheNewswire - October 25, 2023 - One World Lithium Inc.(CSE:OWLI) (OTC:OWRDF) (the “Company” or “OWL”) announces further to its press release on October 20, 2023that the Company is continuing with its offeringof up to 15,000,000 units (each,a “ Unit ”) of the Company at a price of $0.05 per Unit the Companyis increasing the offering up to 20,000,000 Units for gross proceedsof up to $1,00,000 that may close in one or more tranches. Each Unit will consist of one common share ofthe Company (each, a “ CommonShare ”) and one non-transferable Common Sharepurchase warrant (each, a “ Warrant ”). Each Warrant will entitle theholder thereof to purchase one Common Share at a price of $0.08 for aperiod of 36 months from the closing of the Offering. All funds are stated in Canadian dollars. For further detailson the non-brokered private placement see the Company’s news releasedated September 06, 2023.
MatterGreen LLC started on October 23, 2023, itsbench testing of the Company’s lithium carbonate extractiontechnology that can be used as a proof of concept of the noveladvanced carbonation technology to selectively extract lithium from anatural brine. As Jack Lifton, a physical and chemical engineer andadvisor to OWL noted “ Using the data and photos of the lithiumcarbonate crystalline precipitates formed in the brine. OWL plans toeither sell or license the technology to producers of lithiumcarbonate and, in particular , to end users that are the manufacturersof EV.”
The additional proceeds will be used for the next phaseof the Company’s research & development after the bench test andworking capital.
About One World Lithium Inc.
One World Lithium Inc. remains focused on properties ofmerit that may contain lithium in 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. For more information, visit: https://oneworldlithium.com/ .
On behalf of the Board of Directors of One WorldLithium Inc.,
“DouglasFulcher”
President and Chief Executive Officer
For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com
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) OWL’s abilityto raise any additional funds from its Offering, (II) the ability ofthe OWL & MG to further its R&D, to change the lithiumextraction industry, and (III) OWL’s abilities to commercialize itsDirect Lithium Extraction (“DLE”) technology. Although OWLbelieves that the expectations and assumptions on which such forwardlooking information is based are reasonable, undue reliance should notbe placed on the forward-looking information because OWL can give noassurance that they will prove to be correct. There can be noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from the thoseanticipated in such statements, important factors that could causeactual results to differ materially from the company’s expectationsinclude: (I) inability of OWL to commercialize its DLE technology (II)OWL’s inability 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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