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$65 million before taxes and closing costs.
Investors following LISMF news can expect updates on the status of the proposed transaction with POSCO Argentina S.A.U., including shareholder meeting details, court and exchange approvals, and timing of closing. Additional news items may address share redemption plans, warrant and option considerations tied to the transaction, and any remaining project-level technical or regulatory milestones. This page provides a centralized view of such disclosures for those tracking Lithium South’s corporate and project evolution.
Lithium South Development Corporation outlines its 2022 Corporate Plan focused on the Hombre Muerto North Lithium Project in Salta Province, Argentina. The Company aims to expand its lithium resource through a comprehensive drill program and a Feasibility Study. With approximately CDN$ 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.
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.