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 Development Corporation (TSX-V: LIS, OTCQB: LISMF) has outlined its accomplishments for 2022 and set goals for 2023. Highlights include the completion of the purchase agreement for the Hombre Muerto North Lithium Project, concluding an Environmental Baseline Study, and initiating a resource expansion drilling program, currently revealing lithium values exceeding 700 mg/L. For 2023, the company aims to finalize its drilling program, produce Lithium Carbonate Battery Grade, and commence a Feasibility Study. Project development continues alongside key environmental and resource assessments.
Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced ongoing drill results from the Hombre Muerto North Lithium Project in Salta Province, Argentina. The resource expansion drill program includes seven core holes, revealing a wider salar channel than initially expected. Notable findings from Hole AS05 include a lithium brine zone of 185 meters with assays showing lithium concentrations of 434 mg/L, 725 mg/L, and 701 mg/L. The drill program aims to expand the known resource, with the company optimistic about the results impacting overall resource estimates positively.
Lithium South Development Corporation has released promising drilling results from its Hombre Muerto North Lithium Project in Argentina. Hole AS01 showed an average lithium concentration of 722 mg/L over a 240 m zone, while Hole AS03 reported an average of 751 mg/L over a 140 m zone. The ongoing drilling campaign now includes four wells, with two rigs on site. Preliminary results support the expansion of the lithium resource. The project is adjacent to a significant lithium mine being developed by POSCO, enhancing its strategic importance in the lithium industry.
Lithium South Development Corporation (LISMF) announced progress on its drilling campaign at the Hombre Muerto North Lithium Project in Argentina. Two rigs are operational, focusing on the Alba Sabrina claim block, a 2,089-hectare area. Drilling is on schedule, with three holes identified (AS01, AS02, AS03). Hole AS01 reached 270 meters, showing promising assay results. The project, adjacent to a US$840 million lithium mine, aims to expand its resource base. A Preliminary Economic Assessment was completed in April 2019. The company plans to continue drilling to basement rock.
Lithium South Development Corporation has commenced a resource expansion drill program at the Hombre Muerto North Lithium Project in Salta, Argentina. The drill program will cover 2,000 meters on the Alba Sabrina claim block, which spans 2,089 hectares, as part of a larger 5,687-hectare project. A recent TEM Study indicated a halite aquifer roughly 75 meters deep. The company's drilling aims to reach basement rock up to 700 meters deep. Lithium South is also assessing traditional evaporation and Direct Lithium Extraction methods for resource development.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced the finalization of the Environmental Baseline Study for the Hombre Muerto North Lithium Project in Salta, Argentina. The field survey, conducted by E&C Consultores, encompassed data collection on flora, fauna, hydrology, and climate and will support the final Environmental Report due by the end of March. This study is crucial for the future lithium production facility. Additionally, the company is planning a 2,000-meter drill program and advanced test work on lithium extraction methods.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) has announced the completion of road access and drill pads at the HMN Li Project in Salta Province, Argentina, preparing for a significant 2,000-meter drill program. Three drill holes will be executed across three pads, spaced 2.5 km apart, with the largest claim block, Alba Sabrina (2,089 hectares), remaining untested. The company is concurrently assessing lithium recovery methods, including traditional evaporation and Direct Lithium Extraction (DLE), progressing with bulk brine samples tested in California and China.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced a finalized drill plan for the Hombre Muerto North Lithium Project in Salta, Argentina. The program includes three core holes on the Alba Sabrina claim, covering 2,089 hectares. A recent study indicated significant aquifer potential, which could enhance lithium resources. Currently, only 14% of the 5,687 hectares property has been explored. The project is strategically located near major lithium producers, with ongoing evaluations for drilling production wells and alternative lithium extraction methods.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced approval for a drill program at its Hombre Muerto Lithium Project in Argentina. The program is set to begin this month, following recent construction of access roads and drill pads. The project spans 5,687 hectares with significant exploration potential, as only 14% has been explored so far. With lithium carbonate prices at record highs, the Vice President expressed optimism about resource expansion. The drilling aims to explore the Alba Sabrina claim, which has never been drill tested.
Lithium South Development Corporation announces the acquisition of 2,400 hectares near the Hombre Muerto North Lithium Project in Salta Province, Argentina. This strategic addition includes the Sophia I, II, and III claim blocks, located 5 kilometers from the Alba Sabrina claim. The acquisition is expected to provide a potential water source and site for future processing facilities, reducing reliance on existing salar locations. The project is adjacent to land under development by POSCO, which acquired land for $280 million.