Welcome to our dedicated page for Lithium South Development news (Ticker: LISMF), a resource for investors and traders seeking the latest updates and insights on Lithium South Development stock.
Lithium South Development Corporation reports corporate-transition developments following the completed sale of NRG Metals Argentina S.A., the subsidiary that held the Hombre Muerto North Lithium property in Salta Province, Argentina. Company updates center on the former lithium project package, securityholder approvals, plan-of-arrangement materials, common-share cash consideration, warrant and option treatment, and governance items from annual and special meetings.
News also covers exchange and reporting-status steps connected with the company’s post-sale structure.
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.
Lithium South Development (OTCQB: LISMF) has received feedback from the Mining Secretariat of Salta Province, Argentina, regarding their Environmental Impact Assessment (EIA) for the Hombre Muerto North Lithium Project. The company is preparing a comprehensive response to obtain final approval, which is crucial for constructing a Pilot Plant for their planned Definitive Feasibility Study.
The response will include a Standard Penetration Test for camp site stability, hydrogeological verification with new monitoring protocols, enhanced mitigation plans, and community engagement initiatives. The company plans to submit the technical dossier within ten business days and will soon release a work plan for its Feasibility Study.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) has signed a Letter of Intent (LOI) with an undisclosed private European for the development and financing of the Hombre Muerto North Lithium Project in Argentina. The key terms include:
- Up to US$10 Million capital loan procurement for completing a Definitive Feasibility Study (DFS)
- Project funding for 80% of CAPEX as defined in the DFS
- The Party earns 10% upon delivering a US$9M loan confirmation letter, and additional 30% upon confirming 80% CAPEX funding
- Option for Special Warrants worth US$1M, convertible to 10% of LIS shares
- 80% lithium production offtake rights with 4% commercialization commission
The agreement is subject to conditions including renegotiation of existing Chemphys/LIS offtake agreement, due diligence completion within 60 days, and various approvals.
Lithium South Development provides an update on its HMN Li Project in Salta Province, Argentina. The company is harvesting concentrated brine from 10 pilot evaporation ponds that have been operating since December 2022. Approximately 19 cubic meters of brine per Geotank will be transported to Salta for further process validation testing. The evaporative extraction method was chosen as an industry-standard, low-risk process for lithium production. The company is in discussions with potential partners for project development, with a site visit planned for December. A Phase One Environmental Baseline Study has been completed, and the company aims to advance to a Definitive Feasibility Study.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) has announced the completion of Phase I of the Environmental Baseline Study for its Hombre Muerto North Lithium Project in Argentina. The 18-month study, conducted by Knight Piesold Consulting, covers hydrology, hydrogeology, soil quality, flora and fauna, landscape, and socio-cultural impact. This milestone is important for advancing the project towards a projected production of 15,600 tonnes per year of lithium carbonate.
The company is now progressing with Phases II and III of the Environmental Impact Assessment, focusing on basic engineering, detailed environmental impact assessments, mitigation strategies, and stakeholder engagement. Lithium South is also working on a Definitive Economic Assessment, which may potentially increase the project's throughput size.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) has provided an update on its Hombre Muerto North Lithium Project in Argentina. Key developments include:
1. Successful laboratory-scale production of Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine, with a basic button-type battery constructed using the product.
2. Ongoing evaporation test work at the project site for process validation.
3. Plans for a second phase pump test at the Alba Sabrina claim block, using two pumps to evaluate well capacity fully.
4. Ongoing discussions with automotive and lithium industry corporations for potential strategic alliances, including a planned bulk sample site visit in September.
The company is exploring options for producing higher-priced, value-added lithium products, with LiFePO₄ batteries gaining popularity in the EV and utility-scale stationary applications markets.
Lithium South Development (LISMF) announced updates on its Hombre Muerto North Lithium Project (HMN Li) at the Alba Sabrina claim block. The pumping well PW23-AS-02 is currently operating at 25 liters per second, with sediment contamination gradually clearing. Full results are expected by the end of May.
The company is engaging with several interested parties in the lithium industry for potential financial support and project participation. A recent three-day site visit by a lithium project developer indicates ongoing discussions about the project's potential.
Additionally, the private placement announced on May 22, 2024, has seen significant interest and is expected to close soon.