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 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 $280 million.
Lithium South Development Corporation outlines its 2022 Corporate Plan focused on the Hombre Muerto North Lithium Project in Salta Province, Argentina. The Company aims to expand its lithium resource through a comprehensive drill program and a Feasibility Study. With approximately CDN$ 18 million in working capital, Lithium South is preparing for extensive testing of lithium extraction methods. They also conduct an environmental baseline study and await drill permit approvals. The Company's strategic positioning comes amid record-high lithium carbonate prices.
Lithium South Development Corporation (LISMF) has contracted Minera Santa Rita for road and drill pad construction at the Hombre Muerto North Lithium Project in Salta, Argentina. This follows a recent TEM study indicating three core wells planned for the Alba Sabrina claim block, the largest area within the project, which has never been drilled. The new access roads will span about two kilometers, facilitating drilling aimed at potentially expanding the current resource. The company is also evaluating Direct Lithium Extraction methods alongside traditional evaporation processes.
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.