Lithium South Development Corporation Stock Price, News & Analysis

Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced progress on the environmental baseline study for the Hombre Muerto North Lithium Project in Argentina, conducted by EC & Asociados. The study has completed the dry season analysis, with results due in early December. The next phase will examine wet season conditions. This study is critical for environmental permitting and a future Feasibility Study. The company is also evaluating Direct Lithium Extraction methods and awaiting drill permit approvals for resource expansion.

Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced progress at the Hombre Muerto North Lithium Project in Argentina. The company is conducting evaporation tests to validate concentration methods for a potential pilot plant. Constructed evaporation ponds have led to faster-than-expected evaporation, with bulk-liming processes underway to remove impurities. In addition, the company is evaluating Direct Lithium Extraction methods and is awaiting drill permit approvals for resource expansion.

Lithium South Development Corporation has successfully closed its oversubscribed non-brokered private placement, issuing 16,150,000 units at CDN $0.40 each, raising gross proceeds of CDN $6,460,000. Each unit consists of one common share and one warrant, the latter allowing the purchase of additional shares at CDN $0.60 for three years. Funds will advance the HMN Lithium Project in Argentina and support general working capital. The company also paid finder's fees totaling CDN $426,368 and issued 1,065,920 finder's warrants. This financing underscores strong investor support for lithium resource expansion.

Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced that Eon Minerals will conduct test work to produce battery-grade lithium carbonate from brine at the Hombre Muerto North Lithium Project in Argentina. The process involves a pre-concentration phase of 15 cubic meters of brine and follows conventional evaporation extraction methods. The effort will yield valuable data for designing a pilot test plant and is supervised by a qualified expert. The project aims to advance lithium production capabilities in line with growing market demand.

The press release from Lithium South Development Corporation on Oct. 4, 2021 announces the results of a Time Domain Electromagnetic (T.E.M.) survey at the Hombre Muerto North Lithium Project in Argentina. Conducted by Quantec Geoscience, the survey covered 133 stations and identified significant drill targets across all claim blocks. The results indicate potential for resource expansion, particularly in the Alba Sabrina claim block. The company is moving towards a full feasibility study and is evaluating Direct Lithium Extraction technology.

Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) has successfully completed a Time Domain Electromagnetic (TEM) program at its Hombre Muerto North Lithium Project in Salta Province, Argentina. Conducted by Quantec Geoscience, the program included 133 stations and is expected to deliver results in two weeks, which will help assess aquifer depth potential. The initiative supports a planned 2,000-meter drill program aimed at expanding lithium resources beyond the Tramo claim block. The Company is also evaluating Direct Lithium Extraction technologies to enhance production efficiency.

Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announces the engagement of Quantec Geoscience Argentina S.A. for a Time Domain Electromagnetic (TEM) program at its Hombre Muerto North Lithium Project in Salta Province, Argentina. The program aims to identify additional lithium resources across multiple untested claim blocks, facilitating a planned 2,000-meter drilling program. This initiative is part of the company's strategy to expedite a full feasibility study, with an Environmental Impact Report in progress and drilling permissions expected soon.

Lithium South Development Corporation has appointed EC & Asociados as a technical advisor to conduct an Environmental Baseline Study for the Hombre Muerto North Lithium Project. This study is crucial for preparing an Environmental Impact Report required by the Mining Authority in Salta, Argentina. Key components of the study include assessments of flora, fauna, climate, and hydrology. The project aims to advance to a full feasibility study, evaluating various Direct Lithium Extraction technologies alongside traditional methods. Results from ongoing tests are expected soon.

Lithium South Development Corporation has appointed Dr. Vijay Mehta as a technical consultant and Qualified Person to oversee the assessment and potential development of Direct Lithium Extraction Technology for the Hombre Muerto North Lithium Project in Argentina. Dr. Mehta, a recognized expert with nearly five decades of experience, previously led product development at FMC Corporation and holds multiple lithium-related patents. The company aims to evaluate alternative extraction methods to enhance project efficiency, positioning itself as a leader in lithium extraction technology.