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Portofino Resources Inc. changed its name to LatAm Lithium Corp. after completing a common share consolidation, reflecting its focus on lithium brine mineral exploration and development in Argentina. The company’s recurring updates cover the Yergo Lithium Project in Catamarca, mineral-property agreements, and portfolio activity tied to exploration assets in the Americas.
Company news also includes capital-structure actions such as warrant extensions, shares-for-debt arrangements, and option or warrant adjustments, along with annual meeting results, board changes, and other governance matters. Historical Portofino disclosures also referenced gold exploration projects in northwestern Ontario, including South of Otter, Gold Creek, and Allison Lake North.
LatAm Lithium (TSXV: LALI, OTC: PFFOF) closed a non-brokered private placement raising $874,981 through the issuance of 17,499,620 Units at $0.05 per Unit, each comprising one common share and one warrant exercisable at $0.065 for two years.
The shares carry a four-month hold period to November 22, 2026. Finder compensation totals $24,000 in cash and 480,000 broker warrants at $0.065 for 24 months. Proceeds are earmarked for working capital and general corporate purposes.
LatAm Lithium (TSXV: LALI, OTC: PFFOF) increased its previously announced non-brokered private placement financing from $800,000 to $875,000, citing strong investor demand. The financing consists of $0.05 Units, each comprising one common share and one common share purchase warrant.
Each warrant allows the holder to buy one additional common share at $0.065 for up to two years from closing. Proceeds are earmarked for working capital and general corporate purposes, with no proposed payments to Non-Arm's Length Parties. Closing is subject to TSX Venture Exchange approval, and any issued shares will carry a four-month-and-one-day hold period.
LatAm Lithium (OTC:PFFOF, TSXV:LALI) outlined its post-restructuring strategy, emphasizing advancement of district-scale lithium brine assets in Argentina. The company is conducting due diligence on two projects in Jujuy and evaluating two more in Salta and Catamarca.
Non-core Canadian gold assets, South of Otter and Gold Creek, are targeted for potential vend-out, spin-out, or option exercise to provide non-dilutive financing for the lithium strategy. Work at the Yergo project is paused due to legal, regulatory, and environmental challenges.
LatAm Lithium Corp (OTC: PFFOF) announced a corporate name change from Portofino Resources and completed a 10-for-1 share consolidation, both approved by the TSX Venture Exchange.
Effective at market open on April 30, 2026, the post-consolidation shares will trade on the TSXV under LatAm Lithium Corp with symbol LALI. New CUSIP 517953105 and ISIN CA5179531051 assigned. Fractional entitlements are rounded down; existing certificates remain valid and warrants/options were adjusted.
Portofino (OTC: PFFOF) announced a 10-for-1 share consolidation effective pending TSXV approval on April 7, 2026. The company will convert ~175,443,899 common shares into approximately 17,544,389 post-consolidation shares.
All outstanding warrants (~45,304,000) and options (~11,502,000) will be consolidated on the same basis; no fractional shares will be issued and share certificates must be surrendered via a Letter of Transmittal.
Portofino (OTC: PFFOF) entered a Property Option Agreement to regain the South of Otter East & West claims. To earn 100% interest, Portofino will issue 6,000,000 common shares (subject to TSXV approval) and pay $90,000 in cash over three years.
The vendor will retain a 1.5% NSR; Portofino may repurchase 0.5% NSR for $500,000. The Cells had expired on March 4, 2026 due to insufficient exploration capital.
Portofino (OTC: PFFOF) appointed Rodney Campbell as director and interim CEO, effective March 24, 2026.
Concurrent with the appointment, David Tafel resigned as president and CEO and from the board and will remain involved as a strategic advisor. Mr. Campbell brings 17 years of oil & gas experience and prior finance experience at BMO Nesbitt Burns. The company highlighted its Yergo Lithium and South of Otter projects located near peers in Argentina and Ontario.
Portofino Resources (OTC: PFFOF) announced TSX Venture Exchange approval to extend 21,875,000 common share purchase warrants for two years. 13,000,000 warrants now expire on November 3, 2027 and 8,875,000 warrants expire on November 29, 2027. Both sets remain exercisable at $0.10 per share and were originally issued in a non-brokered private placement priced at $0.04 per unit with tranche closings on Nov. 3, 2022 and Nov. 29, 2022. All other warrant terms, including exercise price, remain unchanged.
Portofino (OTC: PFFOF) is applying to the TSX Venture Exchange to extend 21,875,000 common share purchase warrants for two years.
Of the warrants, 13,000,000 currently expire on November 3, 2025 and 8,875,000 expire on November 29, 2025; proposed amended expiries are November 3, 2027 and November 29, 2027. The warrants remain exercisable at $0.10 per share and were issued as part of a 23,500,000 Unit non-brokered private placement priced at $0.04 per Unit (Unit = one common share + one warrant) from tranches closed on Nov 3, 2022 and Nov 29, 2022. 1,625,000 warrants were already exercised at $0.06 in the first year. Extension is subject to TSXV acceptance; all other warrant terms remain unchanged.