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Lithium Africa (OTCQB:LTAFF) advanced US$250,000 to a subsidiary of a CSE-listed company via an unsecured, non-interest-bearing convertible promissory note maturing on December 3, 2027. The note is convertible, after the contemplated transaction closes, into Target shares valued at 135% of principal, or repayable in cash at the same 135% amount. The Target’s parent has guaranteed the obligations, and both the advance and the proposed transaction remain subject to TSXV and other regulatory approvals.
Lithium Africa also approved amendments to its omnibus long-term incentive plan, increasing the share reserve from 3,979,702 to 4,995,663 shares, cancelling 1,931,835 options and issuing 997,909 replacement RSUs, and amending vesting on 1,075,000 RSUs. These changes require disinterested shareholder approval at the August 21, 2026 AGM and TSXV acceptance. Separately, the company appointed Baker Tilly WM LLP as auditor following the resignation of Deloitte LLP, with the change-of-auditor package filed on SEDAR+.
Lithium Africa (OTCQB:LTAFF) announced that Mr. John Kanellitsas and Mr. Ernie Ortiz will stand for election to the Board of Directors at the Annual General Meeting on August 21, 2026. The company also disclosed that directors Robert Eckford and, earlier, Tyron Breytenbach will not continue on the Board.
CEO.CA, a leading investor social network for junior resource and venture stocks, has featured new Lithium Africa CEO Dr. Thomas Benson on its 'Inside the Boardroom' interview series.
The discussion covers Lithium Africa (OTCQB:LTAFF) corporate strategy and exploration programs in South Africa and Côte d'Ivoire, available via CEO.CA and YouTube.
Lithium Africa (OTCQB:LTAFF) appointed Dr. Thomas Benson as CEO on July 1, 2026 and outlined a capital-efficient exploration strategy backed by Ganfeng (~13.2% shareholder and 50/50 JV partner).
Drilling is underway at the 3,500 m Springbok and 2,000 m Adzopé programs, alongside a potential ~30,000-tonne Springbok stockpile sale as non-dilutive funding.
Lithium Africa (OTCQB:LTAFF) appointed Dr. Thomas Benson as Chief Executive Officer, effective July 1, 2026. He joined the board in April 2026 and will remain a director.
Current CEO and co-founder Tyron Breytenbach will step down and become Capital Markets Advisor, supporting capital markets, strategic relationships, and growth priorities.
Lithium Africa (OTCQB:LTAFF) will sponsor and participate in the Fastmarkets Global Lithium, Battery & Critical Materials Conference in Las Vegas, held June 22-25, 2026.
Director Dr. Tom Benson joins a June 24 panel on Africa's role in global lithium supply, demand and pricing, alongside other sector leaders.
Lithium Africa (OTCQB:LTAFF) outlined its plan to advance the Springbok Project in South Africa, centered on the past-producing Norrabees lithium mine and a 30,000 tonne stockpile.
Key steps include a July 2026, 3,500 m drill program, stockpile sale process, camp upgrades, a new local subsidiary, and ongoing regional exploration.
Lithium Africa (OTCQB:LTAFF) appointed Dr. Rachel Hampton as Vice President of Exploration, effective May 29, 2026. She brings lithium exploration experience across brine, volcano-sedimentary and pegmatite deposits, plus machine learning expertise.
She will oversee African exploration, including the Adzopé and Springbok projects, and receive 200,000 RSUs.
Lithium Africa (OTCQB:LTAFF) announced its common shares began trading on the OTCQB Venture Market in the United States on May 21, 2026, under symbol LTAFF.
The shares remain listed on the TSXV (LAF) and Frankfurt (6MQ), broadening access for North American and European investors.