Lithium South Announces Extension to POSCO Argentina S.A.U. Share Purchase Agreement
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) ha annunciato un’estensione al Accordo di Acquisto di Azioni (SPA) con POSCO Argentina S.A.U. per vendere NRG Metals Argentina S.A., la controllata interamente posseduta dall’azienda e detentrice al 100% del progetto di litio Hombre Muerto North e dei relativi diritti Sophia e Hydra, per US$65 milioni.
Le parti hanno concordato di estendere la scadenza per completare e formalizzare lo SPA entro il 5 dicembre 2025, a causa delle recenti interruzioni di viaggio aereo e delle festività legali programmate in Argentina e negli Stati Uniti.
Lithium South (OTCQB:LISMF) anunció una extensión del Acuerdo de Compra de Acciones con POSCO Argentina S.A.U. para vender NRG Metals Argentina S.A., la subsidiaria 100% propiedad de la Compañía y titular del 100% del proyecto de litio Hombre Muerto North y de las reclamaciones relacionadas Sophia y Hydra, por US$65 millones.
Las partes acordaron ampliar la fecha límite para completar y formalizar el SPA hasta, como máximo, 5 de diciembre de 2025, debido a las recientes interrupciones de viaje aéreo y a los feriados legales programados en Argentina y en los Estados Unidos.
Lithium South (OTCQB:LISMF)은 POSCO Argentina S.A.U.와의 주식매매계약을 연장하여 NRG Metals Argentina S.A.를 매각하고자 하며, 이는 회사의 전액출자 자회사이자 Hombre Muerto North 리튬 프로젝트 및 관련 Sophia 및 Hydra 청구권의 100% 보유자이며, 매매대금은 US$65백만 달러이다.
최근 항공 여행의 교란과 아르헨티나 및 미국의 법정 공휴일 예정으로 인해 SPA를 완료하고 형식화하는 기한을 2025년 12월 5일까지 연장하기로 당사자들이 합의했다.
Lithium South (OTCQB:LISMF) a annoncé une extension du Contrat d’achat d’actions avec POSCO Argentina S.A.U. pour vendre NRG Metals Argentina S.A., la filiale détenue à 100% par la Société et titulaire à 100% du projet lithium Hombre Muerto North et des droits associés Sophia et Hydra, pour US$65 millions.
Les parties ont convenu d’étendre le délai pour finaliser et officialiser le SPA au plus tard le 5 décembre 2025, en raison des récentes perturbations de voyages aériens et des jours fériés légaux prévus en Argentine et aux États-Unis.
Lithium South (OTCQB:LISMF) gab eine Verlängerung des Share Purchase Agreement mit POSCO Argentina S.A.U. bekannt, um NRG Metals Argentina S.A., die hundertprozentige Tochtergesellschaft des Unternehmens und Inhaber des Hombre Muerto North Lithiumprojekts sowie der dazugehörigen Ansprüche Sophia und Hydra, für US$65 Millionen zu verkaufen.
Die Parteien einigten sich darauf, die Frist zur Absolvierung und formalen Verankerung des SPA bis zum bzw. vor dem 5. Dezember 2025 zu verlängern, bedingt durch jüngste Luftverkehrsstörungen und geplante gesetzliche Feiertage in Argentinien und den Vereinigten Staaten.
ليثيوم ساوث (OTCQB:LISMF) أعلنت عن تمديد اتفاقية شراء الأسهم مع POSCO Argentina S.A.U. لبيع NRG Metals Argentina S.A.، وهو فرع الشركة المملوك لها بالكامل ومالك بنسبة 100% لمشروع الليثيوم Hombre Muerto North والحقوق المطابقة Sophia و Hydra، مقابل 65 مليون دولار أمريكي.
اتفقت الأطراف على تمديد المهلة لاستكمال وتوثيق SPA حتى 5 ديسمبر 2025 بسبب الاضطرابات الأخيرة في السفر الجوي والعطلات الرسمية المجدولة في الأرجنتين والولايات المتحدة.
- Transaction value of US$65 million
- 100% interest in Hombre Muerto North included in sale
- Buyer identified as POSCO Argentina S.A.U.
- Closing date extended to on or before December 5, 2025
- Delay attributed to air travel disruptions and statutory holidays
VANCOUVER, BC / ACCESS Newswire / November 20, 2025 / Lithium South Development Corporation (the "Company" or "Lithium South") (TSX-V:LIS)(OTCQB:LISMF)(Frankfurt:OGPQ) is pleased to provide an update to the Share Purchase Agreement ("SPA") with POSCO Argentina S.A.U. as previously announced July 30, 2025, August 7, 2025, and November 12, 2025.
The SPA establishes the terms for the sale of NRG Metals Argentina S.A., the wholly owned subsidiary of the Company and
The parties have agreed to extend the date to on or before December 5, 2025, to complete and formalize the SPA as a result of recent air travel disruptions and scheduled statutory holidays in Argentina and the United States which have necessitated this change of schedule.
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website: www.lithiumsouth.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.
This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. We seek safe harbor.
SOURCE: Lithium South Development Corp.
View the original press release on ACCESS Newswire
FAQ
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Why was the LISMF POSCO SPA closing date extended to December 5, 2025?
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How will the US$65 million SPA affect LISMF shareholders?
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