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 (LISMF) announced progress on its Hombre Muerto North Lithium Project in Argentina, focusing on Direct Lithium Extraction (DLE) technology. Partner Lilac Solutions reported a 99% lithium recovery from a synthetic brine sample using its patented Ion Exchange process, with low reagent consumption. The next testing phase will analyze natural brine samples, verified by a Qualified Person. The company aims to enhance extraction methods to meet rising lithium demand, following its 2019 Preliminary Economic Assessment. The project lies adjacent to POSCO's lithium development area.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) has announced the start of a bulk brine sample program at its Hombre Muerto North Lithium Project in Argentina. Under the supervision of Consulting Geologist William Feyerabend, the program aims to collect a 6,000-liter sample for testing Direct Lithium Extraction methods in China and North America. The project benefits from proximity to POSCO's development adjacent to the Hombre Muerto Salar, a leading lithium-producing area. Previous assessments indicated a NI 43-101 lithium carbonate equivalent resource.