Eon Minerals Inc. to Evaluate HMN Brine using Direct Lithium Extraction Technology

Rhea-AI Summary

Lithium South Development Corporation (LISMF) has announced progress in evaluating Direct Lithium Extraction (DLE) technology for its Hombre Muerto North Lithium Project in Argentina. Partnering with Eon Minerals Inc., LIS is set to test a brine sample through a two-phase process, starting with computational chemistry analysis followed by natural brine testing. The company is exploring multiple DLE methods alongside traditional evaporation. Positioned near major lithium developments, LIS aims to lead in DLE technology application.

Positive

• Partnership with Eon Minerals Inc. for DLE technology evaluation.
• Two-phase testing process initiated for improved lithium extraction.
• Proximity to major lithium projects enhances market opportunity.

Negative

• None.

VANCOUVER, BC, May 17, 2021 /PRNewswire/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to provide an update on the continued evaluation of Direct Lithium Extraction (DLE) technology for its Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina.

LIS is working with Eon Minerals Inc. (EMI), a Miami, Florida based technology company. EMI is headed by Mr. Fernando Villarroel, Vice-President and a director of the Company. The EMI process is an innovative absorbent consisting of specific nanoparticles and is currently patent pending at the United States Patent Office. A 2,000-liter brine sample has been received at the EMI laboratory in Salta, and test work is anticipated to begin this week.

A first phase in evaluation of the process will be to analyze a computational chemistry brine with the absorbent to determine the reliability and duration of the absorbent. The second phase will involve test work utilizing a natural brine sample taken from the 2,000-liter reserve. The testing will be conducted under the supervision of a Qualified Person along with third party ISO Certified laboratory verification.

LIS is now utilizing four options to determine the optimal plan for the development of the project. Three DLE processes are now under evaluation, and the Company is continuing to move forward with test work utilizing conventional evaporation.

About Lithium South

Lithium South is focused on developing the HMN Li Project, located on the Hombre Muerto Salar, a major lithium-producing salar in Argentina. The property is adjacent to land under development by the Korean multinational corporation POSCO, which acquired the ground from Galaxy Resources Ltd. for US $280 million. The Company completed a Preliminary Economic Assessment of the HMN Li Project in 2019, utilizing conventional evaporation extraction. The Company is focused on evaluating alternative extraction methods for the HMN Li Project and plans to become a leader in the application of Direct Lithium Extraction technology at the project level.

The technical and scientific information contained in this news release was reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person under NI 43-101. Mr. Feyerabend participated in the production of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

On behalf of the Board of Directors

Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website: www.lithiumsouth.com

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SOURCE Lithium South Development Corporation

FAQ

What is the latest update from Lithium South Development Corporation on May 17, 2021?

Lithium South announced progress in evaluating Direct Lithium Extraction technology at its Hombre Muerto North Lithium Project.

What company is partnering with Lithium South for lithium extraction technology?

Eon Minerals Inc. is partnering with Lithium South to evaluate Direct Lithium Extraction technology.

What is the significance of the 2,000-liter brine sample received by Lithium South?

The brine sample will be tested to assess the effectiveness of the Direct Lithium Extraction process.

What extraction methods is Lithium South exploring for its lithium project?

Lithium South is evaluating three Direct Lithium Extraction processes and continuing tests with conventional evaporation.

Where is the Hombre Muerto North Lithium Project located?

The project is located in Salta Province, Argentina.