STOCK TITAN

LITHIUM SOUTH DEV CORP - LISMF STOCK NEWS

Welcome to our dedicated page for LITHIUM SOUTH DEV news (Ticker: LISMF), a resource for investors and traders seeking the latest updates and insights on LITHIUM SOUTH DEV stock.

Lithium South Dev Corp (LISMF) is a leading company engaged in lithium production and exploration. The company recently completed advanced test work at its Hombre Muerto Norte project in Argentina, aiming to improve lithium production methods and value. With successful tests yielding high-purity lithium compounds and innovative production methods, Lithium South boasts a promising future. The company's expansion of well installation programs and environmental impact reports highlight its commitment to sustainable and efficient operations. With a robust economic model supporting its development plans, including a 15,600-tonne lithium carbonate plant, Lithium South is poised for continued success in the lithium market.

Rhea-AI Summary

Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) has announced the completion of Phase I of the Environmental Baseline Study for its Hombre Muerto North Lithium Project in Argentina. The 18-month study, conducted by Knight Piesold Consulting, covers hydrology, hydrogeology, soil quality, flora and fauna, landscape, and socio-cultural impact. This milestone is important for advancing the project towards a projected production of 15,600 tonnes per year of lithium carbonate.

The company is now progressing with Phases II and III of the Environmental Impact Assessment, focusing on basic engineering, detailed environmental impact assessments, mitigation strategies, and stakeholder engagement. Lithium South is also working on a Definitive Economic Assessment, which may potentially increase the project's throughput size.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.5%
Tags
-
Rhea-AI Summary

Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) has provided an update on its Hombre Muerto North Lithium Project in Argentina. Key developments include:

1. Successful laboratory-scale production of Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine, with a basic button-type battery constructed using the product.

2. Ongoing evaporation test work at the project site for process validation.

3. Plans for a second phase pump test at the Alba Sabrina claim block, using two pumps to evaluate well capacity fully.

4. Ongoing discussions with automotive and lithium industry corporations for potential strategic alliances, including a planned bulk sample site visit in September.

The company is exploring options for producing higher-priced, value-added lithium products, with LiFePO₄ batteries gaining popularity in the EV and utility-scale stationary applications markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.73%
Tags
none
-
Rhea-AI Summary

The global lithium industry is experiencing significant growth, with reserves and resources surging 52.2% to 303.5 million metric tons in Q1 2024 compared to three years ago. Lithium South Development (TSXV:LIS) (OTC:LISMF) filed a new Preliminary Economic Assessment (PEA) for its Hombre Muerto North Lithium Project, revealing an after-tax NPV of US$938 million and an IRR of 31.6%. The company also updated its NI 43-101 technical report, showing a 175% increase in lithium resources to over 1.58 million tonnes of LCE.

Other industry developments include Sigma Lithium 's 40% upgrade in proven and probable reserves, Lithium Ionic Corp.'s $11 million financing for its Brazilian projects, Albemarle 's agreement to increase production quota in Chile, and Standard Lithium 's partnership with Equinor ASA for a potential $160 million investment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
Tags
none
Rhea-AI Summary

Lithium South Development (LISMF) announced updates on its Hombre Muerto North Lithium Project (HMN Li) at the Alba Sabrina claim block. The pumping well PW23-AS-02 is currently operating at 25 liters per second, with sediment contamination gradually clearing. Full results are expected by the end of May.

The company is engaging with several interested parties in the lithium industry for potential financial support and project participation. A recent three-day site visit by a lithium project developer indicates ongoing discussions about the project's potential.

Additionally, the private placement announced on May 22, 2024, has seen significant interest and is expected to close soon.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.38%
Tags
none
-
Rhea-AI Summary

Lithium South Development has filed a Preliminary Economic Assessment (PEA) on SEDAR for their Hombre Muerto North Lithium Project in Argentina. The report shows a Net Present Value of US$938 million, an Internal Rate of Return of 31.6%, and a 2.5-year payback period, supporting the development plans for a lithium carbonate plant.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.27%
Tags
none
-
Rhea-AI Summary

Lithium South Development has filed a Preliminary Economic Assessment report on SEDAR for its Hombre Muerto North Lithium Project in Argentina. The report supports plans for a 15,600 tonnes per year lithium carbonate plant with strong financial projections, including a Net Present Value of US$938 million and an Internal Rate of Return of 31.6%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.27%
Tags
none
Rhea-AI Summary
Lithium South Development announces significant progress at Well PW23-AS-02 on its Hombre Muerto North Lithium Project. The company successfully cleared the well of sediment, leading to the flow of clear brine with strong artesian characteristics, indicating potential for enhanced brine extraction rates. An 80-kilowatt pump has been contracted to maximize these benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
Tags
none
-
Rhea-AI Summary
Lithium South Development announces successful completion of advanced lithium production test work in Argentina, showcasing potential for high-value products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.65%
Tags
none
-
Rhea-AI Summary
Lithium South Development announces the commencement of development activities for pumping well PW23-AS-02, showing promising signs for brine production potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
none
Rhea-AI Summary
Lithium South Development Corporation announces successful completion of the first pumping well at Alba Sabrina claim block in Argentina. Test results show promising porosity and yield levels, indicating potential for high brine production.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.38%
Tags
none

FAQ

What is the current stock price of LITHIUM SOUTH DEV (LISMF)?

The current stock price of LITHIUM SOUTH DEV (LISMF) is $0.1324 as of October 15, 2024.

What is the market cap of LITHIUM SOUTH DEV (LISMF)?

The market cap of LITHIUM SOUTH DEV (LISMF) is approximately 14.2M.

What is Lithium South's core business?

Lithium South Development Corporation is primarily engaged in lithium production and exploration.

Where is the Hombre Muerto Norte project located?

The Hombre Muerto Norte project is situated in Salta and Catamarca Provinces, Argentina.

What recent achievements has Lithium South celebrated?

Lithium South recently completed successful advanced test work aimed at enhancing lithium production methods and value.

What significant progress has been made at Well PW23-AS-02?

Well PW23-AS-02 at the Alba Sabrina claim block has shown positive developments with clear brine flow and potential for increased extraction rates.

What expansion plans has Lithium South undertaken?

Lithium South has expanded its well installation program to maximize operational benefits and is preparing an environmental impact report.

What financial model results support Lithium South's development plans?

The financial model indicates a Net Present Value after tax of US$938 million, an after-tax Internal Rate of Return of 31.6%, and a 2.5-year payback.

Who is responsible for the completion of the Preliminary Economic Assessment report?

The PEA report was completed by Knight Piesold Consulting and JDS Energy and Mining Inc., independent engineering consulting firms.

What exploratory work has Lithium South conducted regarding lithium production?

Exploration work has delineated a National Instrument 43-101 compliant 1,583,200 tonne Lithium Carbonate Equivalent Resource on the Alba Sabrina, Natalia Maria, and Tramo claim blocks.

How is Lithium South contributing to the global energy transition?

Lithium South is transitioning from being a lithium explorer to becoming a lithium developer, focusing on sustainable and efficient lithium production.

Who are the key personnel involved in Lithium South's operations?

Key personnel include Adrian F. C. Hobkirk, President and CEO, along with consultants and Qualified Persons under National Instrument 43-101.

LITHIUM SOUTH DEV CORP

OTC:LISMF

LISMF Rankings

LISMF Stock Data

14.21M
109.24M
0.85%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver