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 (PFFOF) has adopted semi-annual financial reporting under an exemption available to certain venture issuers, reducing its interim filing requirements.
The company qualifies with annual revenue below C$10 million. It does not intend to file interim financial reports or related management discussion and analysis for the three-month period ending August 31, 2026, the nine-month period ending February 28, 2027, or subsequent corresponding periods. Audited annual statements and related analysis remain due within 120 days of year-end; six-month interim reports and related analysis remain due within 60 days of the period-end.
LatAm Lithium (PFFOF) has launched a focused prospecting and soil sampling program at its South of Otter gold project in the Red Lake district of Ontario for the 2026 fall field season. The work targets historical soil anomalies over magnetic features and a magnetic flexure in the northeastern part of the property to refine priority gold targets and keep the claims in good standing.
The program includes desktop analysis of prior data, geological mapping, and collection of about 40 rock samples and 50 soil samples for multi-element geochemical analysis, including fire assays for gold. An experienced geological team with prior South of Otter and Red Lake experience will carry out the work, which builds on earlier grab samples grading up to 18.0 g/t Au and anomalous trench and soil-survey results.
LatAm Lithium (PFFOF, TSXV: LALI) will hold its Annual General and Special Meeting on October 22, 2026, and seek approval for a share consolidation. Shareholders of record on September 3, 2026 may vote at the 09:00 (PDT) Meeting at the company’s Vancouver office. The circular and meeting materials will be available on the company’s website and SEDAR+ from September 29, 2026 and mailed by September 23, 2026.
The company proposes a 3-for-1 share consolidation, reducing issued common shares from approximately 35,344,009 to about 11,781,336, with all warrants (~3,152,500) and options (~427,500) adjusted on the same basis. Completion is subject to shareholder and TSX Venture Exchange approval. No fractional shares will be issued, with holdings rounded down to the nearest whole share.
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.