IBERAMERICAN LITHIUM CORP - IBRLF STOCK NEWS

IberAmerican Lithium Corp. (Cboe CA: IBER) (OTCQB: IBRLF) has announced the appointments of Federico Restrepo-Solano and Laureano von Siegmund to its Board of Directors. Restrepo-Solano brings over 25 years of experience in the mining industry, while von Siegmund offers more than 30 years of legal expertise in capital markets, mergers and acquisitions, and mining.

Eugene McBurney, Chairman of the Board, expressed enthusiasm for these additions, highlighting their extensive capital markets expertise and industry experience. The appointments are subject to regulatory and stock exchange approvals, including final approval from Cboe Canada. These additions come as IberAmerican enters a new growth phase and continues to develop its Alberta II and Carlota Properties in Spain.

IberAmerican Lithium Corp. (Cboe CA: IBER) (OTCQB: IBRLF) has released its Q2 2024 financial results. The company reported a net loss of $1.75 million ($0.03 per share) for the quarter. As of June 30, 2024, IberAmerican had cash and cash equivalents of $0.2 million, down from $3.4 million on December 31, 2023. The company's working capital position shifted from a surplus of $3,821,202 at the end of 2023 to a deficit of $629,345 by June 30, 2024.

For the remainder of 2024, IberAmerican plans to focus on obtaining final permit approvals for its Alberta II and Carlota lithium projects in northwestern Spain, preparing for further exploratory operations. The company will also continue to explore additional opportunities for shareholder value creation.

IberAmerican Lithium Corp. (CBOE CA: IBER) (OTCQB: IBRLF) has announced the termination of its previously planned business combination with Strategic Minerals Europe Corp. The decision came as the company was unable to complete the transaction by the agreed-upon deadline of July 31, 2024. Factors contributing to this outcome include prolonged obstacles, unfavorable capital market conditions, and uncertainties surrounding the future legal status of Strategic's mining licenses.

The amended and restated business combination agreement (BCA) dated June 15, 2024, has been allowed to lapse. Despite this setback, IberAmerican affirms its commitment to its strategic objectives and continues to explore opportunities aligned with its long-term growth plans.

Strategic Minerals Europe and IberAmerican Lithium have entered into an amended and restated business combination agreement (BCA), which modifies the original agreement from March 19, 2024. This agreement allows IberAmerican to acquire all of Strategic Minerals' shares. Key amendments include extending the termination date to July 31, 2024, provisions for securities issued during IberAmerican's private placement announced on June 3, 2024, and maintaining Strategic Minerals' warrants listed on Cboe Canada Inc. post-closing. The updated agreement also addresses additional developments and ancillary matters since the original BCA.

Strategic Minerals Europe and IberAmerican Lithium announced that the Superior Court of Xustiza of Galicia (TSXG) has upheld its decision to suspend the section C permit for the Penouta tin-tantalum mine. The permit was initially challenged by Ecoloxistas en Acción, an environmental group, against the local mining authority, Xunta de Galicia. Despite this setback, Strategic Minerals and IberAmerican are exploring legal options, including a potential appeal to the Supreme Court of Spain. The section B permit remains unaffected, allowing exploitation of tailings and waste deposits. Both companies are committed to the Penouta Project and sustainable development, with a business combination between them approved by a majority of shareholders.

IberAmerican Lithium Corp. issued a statement in response to OTC Markets' request concerning recent promotional activities related to its shares on the OTCQB market. The company acknowledged that it had engaged Gold Standard Media and its affiliates for investor relations and advertising services. This resulted in newsletters promoting the company and its business combination with Strategic Minerals Europe. IberAmerican confirmed that it reviewed and approved the content of these newsletters. There was a notable increase in trading activity of the company’s shares starting May 28, 2024. The company stressed that it adheres to OTC Markets' stock promotion policies and encourages investors to rely on official press releases and filings.

IberAmerican Lithium announced the appointment of Mike Jones as its new Chief Operating Officer, effective May 30, 2024. Jones, a mining engineer with over 40 years of global experience, will oversee mining operations and the exploration of lithium assets. Notably, he will manage tin and tantalum operations at the Penouta mine, following the anticipated business combination with Strategic Minerals Europe. Jones' extensive background includes roles in mining operations, securities analysis, and executive positions at African Minerals and Hatch Consulting, where he focused on M&A due diligence and business improvement. CEO Campbell Becher believes Jones' diverse experience will benefit IberAmerican's growth.

IberAmerican Lithium Corp. (IBRLF) has provided an update on its proposed acquisition of Strategic Minerals Europe Corp. The acquisition involves an amalgamation where IberAmerican will exchange 1 IberAmerican share for every 7 Strategic Minerals shares. This transaction was overwhelmingly approved by Strategic Minerals' shareholders at their May 24, 2024 meeting. CEO Campbell Becher expressed delight at the support and emphasized the synergies and long-term value this transaction could bring. The deal is subject to customary closing conditions and regulatory approval.

IberAmerican Lithium Corp. (CBOE: IBER, OTCQB: IBRLF, FSE: W2C) announced its Q1 2024 financial results, reporting a net loss of $1.46 million ($0.01 per share). As of March 31, 2024, the company held cash and cash equivalents of approximately $1.8 million. The company aims to secure final permits for the Alberta II and Carlota lithium projects in Spain and will commence further exploratory operations.

On March 20, 2024, IberAmerican entered a business combination agreement with Strategic Minerals Europe Corp., aiming to acquire all issued and outstanding shares of Strategic Minerals. The company plans to change its name to IberAmerican Resources Inc. to reflect its broader mineral portfolio. The transaction is expected to close around June 15, 2024. CEO Campbell Becher highlighted anticipated positive cashflow and value creation upon lifting the provisional suspension at the Penouta Project.