Prism to Sell Lithium Licenses for a Royalty & Cash Payment

Prism is pleased to announce that it completed a transaction to sell the Clear Hills Lithium licenses in return for a Net Profits Interest (NPI) Royalty of 5%. In light of the current dilutive investment climate and the need for considerable ongoing capital funding Prism’s Board feels this deal presents the best opportunity for long term shareholder return. Prism will also receive a $40,000 cash payment which will be spent on the much-awaited reductive chlorination testing on Prism’s polymetallic ore. All existing Prism shareholders will receive shares in a new stand-alone royalty company, Prism (CHP) Royalty Corp, with future royalties being distributed according to shareholding percentage.

 Although not the original deal announced in Nov 2023 this deal maintains the key goal of conversion of debt thus improving Prism Diversified’s balance sheet - providing the main polymetallic division with its best opportunity to move forward.

 All existing Prism Diversified Ltd (previously Ironstone Resources Ltd.) shareholders are requested to email john@prismdiversified.com with updated contact information (mailing address, physical address, email address, telephone contact number) in order that the new shares in Prism (CHP) Royalty Corp. may be issued.