Lithium One Metals Inc. and Norris Lithium Inc. have entered into a definitive arrangement agreement dated June 19, 2023 pursuant to which Lithium One will acquire all of the issued and outstanding common shares of Norris Lithium on the basis of 0.672 common shares of Lithium One for each share of Norris Lithium held, by way of a plan of arrangement under the Business Corporations Act. Nicholas Watters and Carl Ginn will resign as directors of Lithium One.