LITHIUM SOUTH: TEST WORK/ DEVELOPMENT WORK /BUSINESS DEVELOPMENTS UPDATE
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.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) ha fornito un aggiornamento sul suo Progetto Litio Hombre Muerto North in Argentina. Sviluppi chiave includono:
1. Produzione riuscita su scala di laboratorio di fosfato di litio e ferro (LiFePO₄) direttamente da brina concentrata, con la costruzione di una batteria di tipo pulsante utilizzando il prodotto.
2. Test di evaporazione in corso presso il sito del progetto per la validazione del processo.
3. Pianificazione di un secondo test di pompaggio nel blocco di rivendicazione di Alba Sabrina, utilizzando due pompe per valutare completamente la capacità dei pozzi.
4. Discussioni in corso con aziende automobilistiche e del settore litio per potenziali alleanze strategiche, inclusa una visita programmata al sito di campionamento in massa a settembre.
L'azienda sta esplorando opzioni per produrre prodotti di litio ad alto valore aggiunto, con le batterie LiFePO₄ che stanno guadagnando popolarità nei mercati delle applicazioni per veicoli elettrici e stazionari a scala utilitaria.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) ha proporcionado una actualización sobre su Proyecto de Litio Hombre Muerto North en Argentina. Los desarrollos clave incluyen:
1. Producción exitosa a escala de laboratorio de fosfato de litio y hierro (LiFePO₄) directamente a partir de salmuera concentrada, con la construcción de una batería del tipo botón utilizando el producto.
2. Trabajo de prueba de evaporación en curso en el sitio del proyecto para la validación del proceso.
3. Planes para una segunda fase de pruebas de bombeo en el bloque de reclamación de Alba Sabrina, utilizando dos bombas para evaluar completamente la capacidad de los pozos.
4. Discusiones en curso con empresas automotrices y de la industria del litio para posibles alianzas estratégicas, incluida una visita programada al sitio de muestreo a granel en septiembre.
La empresa está explorando opciones para producir productos de litio de mayor valor agregado, con las baterías LiFePO₄ ganando popularidad en los mercados de aplicaciones para vehículos eléctricos y para uso estacionario a gran escala.
리튬 사우스 개발(주)(TSX-V: LIS) (OTCQB: LISMF)은 아르헨티나의 홈브레 무에르토 노스 리튬 프로젝트에 대한 업데이트를 제공했습니다. 주요 발전 사항은 다음과 같습니다:
1. 농축 브라인에서 직접 리튬 철 인산염(LiFePO₄)을 실험실 규모로 성공적으로 생산했으며, 이 제품을 사용하여 버튼형 배터리가 제작되었습니다.
2. 프로세스 검증을 위한 프로젝트 현장에서 증발 테스트 작업이 진행 중입니다.
3. 우물 용량을 완전히 평가하기 위해 두 개의 펌프를 사용하여 알바 사브리나 청구 구역에서 두 번째 단계의 펌프 테스트 계획을 세웠습니다.
4. 자동차 및 리튬 산업 기업들과 잠재적 전략적 동맹에 대한 논의가 진행 중이며, 9월에 대량 샘플 사이트 방문이 예정되어 있습니다.
회사는 부가가치가 높은 리튬 제품 생산 옵션을 탐색하고 있으며, LiFePO₄ 배터리가 전기차 및 유틸리티 규모의 고정 응용 프로그램 시장에서 인기를 얻고 있습니다.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) a fourni une mise à jour sur son projet de lithium Hombre Muerto North en Argentine. Les développements clés incluent:
1. Production réussie à l'échelle de laboratoire de phosphate de lithium et de fer (LiFePO₄) directement à partir de saumure concentrée, avec construction d'une batterie de type bouton utilisant le produit.
2. Travaux de test d'évaporation en cours sur le site du projet pour la validation du processus.
3. Plans pour un deuxième test de pompage dans le bloc de revendication Alba Sabrina, utilisant deux pompes pour évaluer pleinement la capacité des puits.
4. Discussions en cours avec des entreprises de l'industrie automobile et du lithium pour de potentielles alliances stratégiques, y compris une visite de site de prélèvement en vrac prévue en septembre.
L'entreprise explore des options pour produire des produits de lithium à forte valeur ajoutée, les batteries LiFePO₄ gagnant en popularité sur les marchés des applications pour véhicules électriques et des applications stationnaires à grande échelle.
Lithium South Development (TSX-V: LIS) (OTCQB: LISMF) hat ein Update zu seinem Hombre Muerto North Lithium-Projekt in Argentinien bereitgestellt. Wesentliche Entwicklungen sind:
1. Erfolgreiche Laborproduktion von Lithium-Eisen-Phosphat (LiFePO₄) direkt aus konzentrierter Sole, mit der Konstruktion einer Knopfzellenbatterie unter Verwendung des Produkts.
2. Laufende Verdunstungstestarbeiten vor Ort zur Prozessvalidierung.
3. Pläne für einen zweiten Pumpentest im Alba Sabrina-Rechtsblock, bei dem zwei Pumpen eingesetzt werden, um die Brunnenkapazität vollständig zu bewerten.
4. Laufende Gespräche mit Automobil- und Lithiumindustrieunternehmen über mögliche strategische Allianzen, einschließlich eines geplanten Besuchs eines Großmusterstandorts im September.
Das Unternehmen erkundet Optionen zur Produktion von höherpreisigen, wertschöpfenden Lithiumprodukten, wobei LiFePO₄-Batterien in den Märkten für Elektrofahrzeuge und stationäre Anwendungen im Versorgungsmaßstab zunehmend an Beliebtheit gewinnen.
- Successful laboratory-scale production of Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine
- Construction of a basic button-type battery using the HMN Li Project LiFePO₄ product
- Ongoing discussions with automotive and lithium industry corporations for potential strategic alliances
- Planned bulk sample site visit for an interested party in September
- Challenging market environment mentioned
Lithium Iron Phosphate Test Work
The Company is pleased to report the laboratory scale production of Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine obtained from its Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province,
The laboratory (patent pending) process resulted in a LiFePO4 product directly from lithium chloride, eliminating the need for lithium carbonate. LiFePO4 batteries (LFP) are being utilized by Tesla, BYD and others due to their lower manufacturing costs, long cycle life and high-power density. LFP batteries are cobalt free and are finding increased demand in utility scale stationary applications in addition to the Electric Vehicle market. LFP demand is expected to rise considerably over the coming years
The LiFePO4 battery test work is important to Lithium South as it is helping to define potential options for the production of higher priced value-added lithium products. Evaporation test work is also continuing at the HMN Li Project site as part of the process validation for a planned Feasibility Study.
HMN Li Project Site
At the HMN Li Project Alba Sabrina claim block, a second phase pump test is being planned for well PW23-AS-02, a 400-meter-deep production well. With recent test work indicating a good pumping rate from a single pump, it has been determined that two pumps down the same hole will be necessary to provide additional brine lift and to fully evaluate the wells pumping capacity. The Company is in the process of acquiring two new pumps and support equipment to continue the test work. In addition, the Company plans to conduct new pumping tests on the Tramo and Natalia Maria claim blocks.
Business Discussions
Management is in ongoing discussions with several automotive and lithium industry corporations regarding potential strategic alliances or business arrangements. In spite of a challenging market environment, project interest remains high. These discussions include a bulk sample site visit planned for one interested party in September. Management remains on a trading blackout.
Mr. William Feyerabend, CPG, a Consulting Geologist and Qualified Person under NI 43-101, participated in the production of this news release and approves of the scientific and technical disclosure.
About Lithium South
Lithium South owns
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
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.
Note 1: The Salta based laboratory is a non-arm's length party controlled by a director of the Company.
Note 2: A report titled Updated Mineral Resource Estimate – Hombre Muerto North Project, NI 43-101 Technical Report Catamarca and
This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward- looking statements. We seek safe harbor.
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SOURCE Lithium South Development Corporation
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