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.
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Lithium South Development Corporation (LISMF) has reported significant lithium findings at the Natalia Maria claim block within the Hombre Muerto North Lithium Project, Argentina. Exploration corehole NM01 yielded an average lithium grade of 1176 mg/L with a low magnesium to lithium ratio of 2.66. Results from seven holes across the Alba Sabrina and Natalia Maria blocks indicate strong potential for enhancing the existing lithium resource. The company is conducting hydraulic testing to evaluate area permeability and future well flow. Groundwater Insight will guide the resource estimation process, as Lithium South moves towards becoming a lithium developer. The Hombre Muerto region has over 25 years of lithium production history, underscoring the project's strategic position.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced significant progress in lithium exploration with the completion of drilling at the Alba Sabrina claim block. The seventh exploration hole, AS07, confirmed brine presence at a depth of 152 meters. Ongoing drilling at the Natalia Maria block has reached 375 meters depth, intersecting brine-bearing sediments. The drilling program delineated a brine sub-basin measuring 1.2 km by 7.6 km, enhancing resource estimates. Alex Stewart Laboratories will analyze samples. The company aims to enhance shareholder value through continued exploration and resource estimation.