Welcome to our dedicated page for Lithium South Development Corporation news (Ticker: LISMF), a resource for investors and traders seeking the latest updates and insights on Lithium South Development Corporation stock.
Lithium South Development Corporation (LISMF) generates news primarily through developments at its 100% owned Hombre Muerto North Lithium Project (HMN Li Project) in Argentina and through corporate transactions involving that asset. Company updates describe exploration and project development activities on the Salar del Hombre Muerto in the Salta and Catamarca Provinces, including resource work, technical studies, and environmental permitting steps.
News coverage includes announcements on NI 43-101 compliant resource estimates, the publication of a Preliminary Economic Assessment, and the advancement of the HMN Li Project toward a Feasibility Study. Lithium South has reported operating pilot evaporation ponds, harvesting bulk brine samples for process validation, and progressing its Environmental Impact Assessment with the Mining Secretariat of Salta Province. These items appear in news releases that detail technical work programs and regulatory interactions.
A significant portion of recent news focuses on strategic funding and transaction initiatives. Lithium South has announced a Letter of Intent with a private European party for potential development funding and project-level participation. More recently, the company has reported a non-binding Letter of Intent, due diligence milestones, and a Share Purchase Agreement with POSCO Argentina S.A.U. for the sale of NRG Metals Argentina S.A., the subsidiary that holds the HMN Li Project and related claims, for an agreed cash price of US$65 million before taxes and closing costs.
Investors following LISMF news can expect updates on the status of the proposed transaction with POSCO Argentina S.A.U., including shareholder meeting details, court and exchange approvals, and timing of closing. Additional news items may address share redemption plans, warrant and option considerations tied to the transaction, and any remaining project-level technical or regulatory milestones. This page provides a centralized view of such disclosures for those tracking Lithium South’s corporate and project evolution.
Lithium South (OTCQB:LISMF, TSX-V:LIS) set a closing date of April 7, 2026 for the arm's‑length sale of 100% of NRG Metals Argentina, which holds the Hombre Muerto North Lithium Project package to POSCO Argentina (99%) and POSCO Holdings (1%).
Shareholders approved the Plan of Arrangement on February 19, 2026. Cash consideration is CAD $0.505 per common share; the effective payout date will be finalized and communicated. The company plans to apply to delist from the TSX Venture Exchange and OTCQB and to cease being a reporting issuer.
Lithium South (OTCQB:LISMF) reported results of its annual and special meeting held February 19, 2026. Shareholders approved the sale of its NRG Metals Argentina subsidiary (Hombre Muerto North) with 74.47% shareholder support and approved a going private arrangement with 87.74% shareholder support.
A total of 64,932,858 votes were cast, representing 51% of shares as of the January 5, 2026 record date. The company expects a Supreme Court of British Columbia final order and plans to schedule closing and cash payout in March 2026, subject to TSX Venture Exchange approval.
Lithium South (OTCQB:LISMF, TSX-V:LIS) mailed Meeting Materials for its annual and special meeting on February 19, 2026, where Securityholders will vote on a proposed sale of NRG Metals Argentina S.A. to POSCO for USD $65,000,000 and a related Going Private Arrangement.
The Company reports 127,315,312 common shares outstanding as of the January 5, 2026 record date and says the board unanimously recommended the transaction to provide immediate liquidity, avoid dilution from further project financing, and realize a certain valuation versus continued development of the HMN Project.
Lithium South (OTCQB:LISMF / TSX-V:LIS) signed a Share Purchase Agreement acceptance letter with POSCO Argentina for the sale of its wholly owned NRG Metals Argentina unit and Hombre Muerto North lithium claims.
Key terms include a US$65 million cash price (before taxes), payment for Hydra X and XI claims, a 100% share redemption at CAD$0.505 per share, and an Annual General and Special Meeting on February 19, 2026 (record date January 5, 2026). Closing is expected in March 2026 and is subject to shareholder, Supreme Court of British Columbia, and Exchange approvals; the company intends to delist and pursue dissolution on completion.
Lithium South (OTCQB:LISMF) announced an extension to the Share Purchase Agreement with POSCO Argentina S.A.U. to sell NRG Metals Argentina S.A., the Company's wholly owned subsidiary and 100% holder of the Hombre Muerto North lithium project and related Sophia and Hydra claims, for US$65 million.
The parties agreed to extend the deadline to complete and formalize the SPA to on or before December 5, 2025 due to recent air travel disruptions and scheduled statutory holidays in Argentina and the United States.
Lithium South (OTCQB:LISMF) said POSCO Argentina approved and allocated funds to acquire its Hombre Muerto North lithium project via purchase of NRG Metals Argentina.
The parties agreed a final acquisition price of US$65 million, adjusted for tax burdens, closing costs and property payments, and are working to finalize the Share Purchase Agreement with a formal signing anticipated in the immediate future.
The company scheduled an Annual General and Special Meeting for January 9, 2026 to seek shareholder approval for the sale of NRG Metals and a repurchase of all issued securities; the deal remains subject to regulatory and TSX Venture Exchange approval.
Lithium South Development (OTCQB: LISMF) announced progress in its planned sale of the Hombre Muerto North Lithium Project to POSCO Argentina SAU, a wholly-owned subsidiary of POSCO Holdings Inc. The company reported that the due diligence process is substantially complete with only minor items pending.
The parties are now proceeding with the Definitive Agreement negotiation, focusing on closing costs, legal and accounting matters, and tax considerations. The transaction timeline remains aligned with the previously announced schedule from August 7, 2025. Upon finalizing the Definitive Agreement, Lithium South will announce details about its Annual General and Special Meeting and plans for an issuer bid to purchase all outstanding company securities.
Lithium South Development (OTCQB: LISMF) has provided an update on the sale of its Hombre Muerto North Lithium Project to POSCO Argentina SAU. The transaction involves a 60-day due diligence period followed by a 60-day definitive agreement period, potentially concluding by November 19, 2025.
Following the definitive agreement, the company plans to hold a shareholder meeting to vote on the sale and approve an issuer bid to purchase all outstanding company securities using the net proceeds from the transaction. Canaccord Genuity Corp. is serving as financial advisor for the deal.
Lithium South Development Corporation has entered into a Letter of Intent (LOI) with POSCO Argentina S.A.U., a subsidiary of POSCO Holdings (NYSE: PKX), for the sale of its lithium projects for up to US$62 million in cash.
The deal includes the Hombre Muerto North Lithium Project and several other concessions (Sophia 1, 2, 3, Hydra X, and Hydra XI). The transaction is subject to a 60-day due diligence period, followed by another 60 days for definitive agreement negotiation. During this period, Lithium South has agreed to an exclusivity arrangement.
The transaction requires regulatory, government, and shareholder approvals. Canaccord Genuity Corp. serves as the financial advisor for this arms-length transaction, with no finder's fee payable.
Lithium South Development (OTCQB:LISMF) has appointed Claudio C. Zalewski as Director of Development & Construction for the Hombre Muerto North (HMN) Lithium Project in Argentina. Zalewski, a civil engineer with over 40 years of experience in lithium projects, will lead the fast-track development plan targeting feasibility study completion by Q1 2026.
The company has secured a Purchase Option for Hydra X claims, expanding their holdings to over 10,000 hectares for US$2 million, payable upon construction or sale. The project benefits from Argentina's new RIGI regime, offering 30-year tax stability and incentives for investments over US$200M. Multiple O.E.M., mining, and financial groups are in discussions for project funding, though previous exclusive talks have ended.