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Lithium South Development Corporation reports corporate-transition developments following the completed sale of NRG Metals Argentina S.A., the subsidiary that held the Hombre Muerto North Lithium property in Salta Province, Argentina. Company updates center on the former lithium project package, securityholder approvals, plan-of-arrangement materials, common-share cash consideration, warrant and option treatment, and governance items from annual and special meetings.
News also covers exchange and reporting-status steps connected with the company’s post-sale structure.
Lithium South (OTCQB:LISMF) set May 15, 2026 as the effective date for a cash payout of CAD$0.505 per common share, funded by Posco Argentina S.A.U., under its Plan of Arrangement, subject to final TSXV approval.
The company also plans to delist from TSXV and OTCQB and apply to cease being a reporting issuer.
Lithium South (OTCQB:LISMF) completed the arm's-length sale of its wholly owned subsidiary NRG Metals Argentina S.A., owner of the Hombre Muerto North lithium project, to POSCO under a December 5, 2025 share purchase agreement. Closing occurred April 7, 2026 in Buenos Aires.
The company said registered shareholders must return a Letter of Transmittal to receive cash consideration under the Plan of Arrangement. Lithium South is seeking TSXV approval to delist, will concurrently delist from OTCQB, and plans to apply to cease being a reporting issuer. Timing for payout will be provided imminently.
Lithium South (OTCQB:LISMF, TSX-V:LIS) set a closing date of April 7, 2026 for the arm's‑length sale of 100% of NRG Metals Argentina, which holds the Hombre Muerto North Lithium Project package to POSCO Argentina (99%) and POSCO Holdings (1%).
Shareholders approved the Plan of Arrangement on February 19, 2026. Cash consideration is CAD $0.505 per common share; the effective payout date will be finalized and communicated. The company plans to apply to delist from the TSX Venture Exchange and OTCQB and to cease being a reporting issuer.
Lithium South (OTCQB:LISMF) reported results of its annual and special meeting held February 19, 2026. Shareholders approved the sale of its NRG Metals Argentina subsidiary (Hombre Muerto North) with 74.47% shareholder support and approved a going private arrangement with 87.74% shareholder support.
A total of 64,932,858 votes were cast, representing 51% of shares as of the January 5, 2026 record date. The company expects a Supreme Court of British Columbia final order and plans to schedule closing and cash payout in March 2026, subject to TSX Venture Exchange approval.
Lithium South (OTCQB:LISMF, TSX-V:LIS) mailed Meeting Materials for its annual and special meeting on February 19, 2026, where Securityholders will vote on a proposed sale of NRG Metals Argentina S.A. to POSCO for USD $65,000,000 and a related Going Private Arrangement.
The Company reports 127,315,312 common shares outstanding as of the January 5, 2026 record date and says the board unanimously recommended the transaction to provide immediate liquidity, avoid dilution from further project financing, and realize a certain valuation versus continued development of the HMN Project.
Lithium South (OTCQB:LISMF / TSX-V:LIS) signed a Share Purchase Agreement acceptance letter with POSCO Argentina for the sale of its wholly owned NRG Metals Argentina unit and Hombre Muerto North lithium claims.
Key terms include a US$65 million cash price (before taxes), payment for Hydra X and XI claims, a 100% share redemption at CAD$0.505 per share, and an Annual General and Special Meeting on February 19, 2026 (record date January 5, 2026). Closing is expected in March 2026 and is subject to shareholder, Supreme Court of British Columbia, and Exchange approvals; the company intends to delist and pursue dissolution on completion.
Lithium South (OTCQB:LISMF) announced an extension to the Share Purchase Agreement with POSCO Argentina S.A.U. to sell NRG Metals Argentina S.A., the Company's wholly owned subsidiary and 100% holder of the Hombre Muerto North lithium project and related Sophia and Hydra claims, for US$65 million.
The parties agreed to extend the deadline to complete and formalize the SPA to on or before December 5, 2025 due to recent air travel disruptions and scheduled statutory holidays in Argentina and the United States.
Lithium South (OTCQB:LISMF) said POSCO Argentina approved and allocated funds to acquire its Hombre Muerto North lithium project via purchase of NRG Metals Argentina.
The parties agreed a final acquisition price of US$65 million, adjusted for tax burdens, closing costs and property payments, and are working to finalize the Share Purchase Agreement with a formal signing anticipated in the immediate future.
The company scheduled an Annual General and Special Meeting for January 9, 2026 to seek shareholder approval for the sale of NRG Metals and a repurchase of all issued securities; the deal remains subject to regulatory and TSX Venture Exchange approval.
Lithium South Development (OTCQB: LISMF) announced progress in its planned sale of the Hombre Muerto North Lithium Project to POSCO Argentina SAU, a wholly-owned subsidiary of POSCO Holdings Inc. The company reported that the due diligence process is substantially complete with only minor items pending.
The parties are now proceeding with the Definitive Agreement negotiation, focusing on closing costs, legal and accounting matters, and tax considerations. The transaction timeline remains aligned with the previously announced schedule from August 7, 2025. Upon finalizing the Definitive Agreement, Lithium South will announce details about its Annual General and Special Meeting and plans for an issuer bid to purchase all outstanding company securities.
Lithium South Development (OTCQB: LISMF) has provided an update on the sale of its Hombre Muerto North Lithium Project to POSCO Argentina SAU. The transaction involves a 60-day due diligence period followed by a 60-day definitive agreement period, potentially concluding by November 19, 2025.
Following the definitive agreement, the company plans to hold a shareholder meeting to vote on the sale and approve an issuer bid to purchase all outstanding company securities using the net proceeds from the transaction. Canaccord Genuity Corp. is serving as financial advisor for the deal.