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) 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.
Lithium South Development Corporation has announced the appointment of Marcela Casini as Senior Consulting Geologist and Qualified Person, enhancing the company's expertise in lithium exploration. Casini brings significant experience from her work on projects like the Cauchari Olaroz lithium brine project and consulting for PepinNini Minerals. CEO Adrian Hobkirk expressed confidence in her ability to guide the development of the HMN Lithium Project in Argentina. The company aims to evaluate alternative extraction methods and lead in Direct Lithium Extraction technology.
Lithium South Development Corporation (LISMF) has announced progress in evaluating Direct Lithium Extraction (DLE) technology for its Hombre Muerto North Lithium Project in Argentina. Partnering with Eon Minerals Inc., LIS is set to test a brine sample through a two-phase process, starting with computational chemistry analysis followed by natural brine testing. The company is exploring multiple DLE methods alongside traditional evaporation. Positioned near major lithium developments, LIS aims to lead in DLE technology application.
Lithium South Development Corporation announced plans to expand the lithium resource at the Hombre Muerto North Lithium Project in Argentina. The current resource stands at 571,000 tonnes of lithium carbonate equivalent. The company aims to initiate drill programs in the Gaston Enrique, Natalia Maria, and Alba Sabrina claims, focusing on acquiring necessary permits and contracts. Additionally, the proximity to POSCO's planned lithium extraction operation and the recent merger of Galaxy Resources with Orocobre could enhance development potential in the region.
Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) has gained attention following a Forbes article highlighting the increasing demand for lithium, particularly for electric vehicles (EVs). Key insights include:
- Lithium demand may more than double by 2024.
- Europe now consumes more lithium for vehicles than traditional fuels.
- Current lithium supply may only meet 15% of the EV industry’s 2023 needs.
The company appears well-positioned to benefit from this surge in lithium demand.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced the successful completion of a bulk brine sample at its Hombre Muerto North Lithium Project in Argentina. This initiative aims to provide samples for Direct Lithium Extraction testing with Chemphys Chengdu and Lilac Solutions. The sampling process lasted 12 hours, yielding three 2,000-liter samples now in transit. The Company is assessing both conventional evaporation and Direct Lithium Extraction methods, seeking optimal production techniques to meet market demand.
The press release highlights the growing demand for lithium due to the rise of Electric Vehicles (EVs), with UBS forecasting a potential lithium shortage by 2025. This scenario is bolstered by the projected cost parity of EVs with gas-powered vehicles by 2024. Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) focuses on the Hombre Muerto North Lithium Project in Argentina, near POSCO's development area. The company aims to innovate through alternative extraction methods, enhancing its competitive edge in a tight market.