LatAm Lithium Announces Post-Restructuring Strategic Focus on Argentina Lithium Brine Assets and Non-Core Asset Monetization
Rhea-AI Summary
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.
AI-generated analysis. Not financial advice.
Positive
- Strategic focus on Argentina lithium brine assets with district-scale potential
- Due diligence on two large-claim lithium projects in Jujuy province
- Evaluation of two additional lithium brine assets in Salta and Catamarca
- South of Otter gold project positioned for potential vend-out or spin-out
- Gold Creek option could deliver $100,000 cash plus 666,627 shares by June 2026
- Potential 2% net smelter return royalty retained on Gold Creek upon option exercise
Negative
- No near-term exploration resources allocated to Yergo project
- Yergo faces ongoing legal, regulatory, and environmental challenges
- Proceeds from Gold Creek option depend on Delta Resources exercising its option
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - LATAM LITHIUM CORP. (TSXV: LALI) (OTC Pink: PFFOF) (FSE: POT) ("LatAm Lithium" or the "Company") is pleased to announce its strategic focus following completion of significant restructuring activities this spring, and the previously announced non-brokered private placement on May 19, 2026.
The Company's primary focus has been and currently remains on advancing lithium brine assets in Argentina with district-scale potential. In furtherance of this strategy, the Company is currently advancing due diligence on two projects in the Province of Jujuy, each with large contiguous mineral claims in areas known to host prolific lithium discoveries. The Company is also evaluating two additional lithium brine assets in provinces of Salta and Catamarca.
Due to ongoing legal, regulatory, and environmental challenges related to the Yergo project ("Yergo") the Company does not intend to allocate near-term resources to further exploration at Yergo until the above matters are resolved.
The Company will continue to advance its 5,363-hectare South of Otter gold project, located in the Red Lake gold district in Ontario, Canada, approximately 9 kilometres from Kinross Gold Corporation's Great Bear project. The South of Otter project is drill-ready, and the Company intends to undertake sufficient exploration work to maintain the claims in good standing and complete a National Instrument 43-101 ("NI 43-101") compliant technical report in the near term with a view to a potential vend-out or spin-out transaction. Any such transaction would be expected to provide non-dilutive financing to support the Company's lithium strategy.
The Company's 4,036-hectare Gold Creek gold project, located in the Atikokan mining district west of Thunder Bay, Ontario, remains under option to Delta Resources Ltd. ("Delta"). To exercise its option to acquire a
About Latam Lithium Corp.
LatAm Lithium is a Vancouver, Canada-based company focused on exploring and developing mineral resource projects in the Americas. LatAm Lithium is currently completing due diligence on multiple lithium-brine assets located in Argentina, situated in the heart of the world-renowned Lithium Triangle. The Company also holds a
ON BEHALF OF THE BOARD
"Rodney Campbell"
Director, Interim Chief Executive Officer
For Further Information Contact:
604-683-1991
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's strategic focus, the completion of due diligence and potential acquisitions, completion and filing of a NI 43-101 technical report, the exercise of the option on the Gold Creek project, potential vend-out or spin-out transactions, use of proceeds from any such transactions or the private placement, and future exploration and development activities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "intends", "anticipates", "believes", "estimates", "potential" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks related to: the ability to complete due diligence and acquisitions on favourable terms or at all; regulatory approvals; commodity prices; exploration and development risks; availability of financing; and general market conditions. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300993