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Argentina Lithium Enters into Amendment to Amelia Option Agreement
Prnewswire·2025-08-13 19:00

In addition, ALE must invest US2,000,000intheAmeliaPropertiesduringthecalendaryear2026andUS2,000,000 in the Amelia Properties during the calendar year 2026 and US4,000,000 during the calendar year 2027. Pursuant to the Fourth Addendum, the Company must also issue the equivalent number of Company shares (the "Option Shares") having a value of US100,000totheAmeliaOptionoratapriceof100,000 to the Amelia Optionor at a price of 0.06 per share using the Bank of Canada exchange rate of $1.4376 (CAD/USD) as at March 31, 2025, being the date of the Third Addendum. The issuance of the Option Shares is subje ...