By Business Wire

Copyright financialpost

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions or forward-looking information within the meaning of applicable securities laws. Forward-looking statements are frequently identified by such words as “believe”, “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “project”, “potential”, “subject to” and similar words referring to future events and results. Forward-looking statements are based on the current opinions, expectations, estimates and assumptions of management in light of its experience and perception of historical trends, but such statements are not guarantees of future performance. In particular, this news release contains forward-looking information relating to: the expected timing for closing of the Transaction and anticipated benefits thereof. In preparing the forward-looking information in this news release, the Company has applied several material assumptions, including, but not limited to, that it will receive all third party consents and regulatory and environmental approvals required to complete the Transaction and that the Purchaser will receive approval of it’s Board of Directors on satisfaction of its due diligence investigations; the exchange rates for the U.S. and Canadian currencies will be consistent with the Company’s expectations; that the current exploration, development, demonstration, testing, production, environmental and other objectives concerning the Clearwater Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for lithium will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all conditions precedent to the closing of the Transaction will be satisfied in a timely manner and on acceptable terms; and the continuity of the price of lithium.