Welcome to our dedicated page for Lithium South Development Corporation news (Ticker: LISMF), a resource for investors and traders seeking the latest updates and insights on Lithium South Development Corporation stock.
About Lithium South Development Corporation
Lithium South Development Corporation (OTCQB: LISMF) is a resource-focused company dedicated to the exploration and development of lithium brine projects. The company's flagship asset, the Hombre Muerto North Lithium Project (HMN Li Project), is strategically located in the Salta and Catamarca Provinces of Argentina, within the globally renowned "Lithium Triangle." This region accounts for a significant share of the world's lithium production, making it a hub for lithium extraction and development.
Core Business and Operations
The HMN Li Project spans five non-contiguous claim blocks covering approximately 3,287 hectares within the Salar del Hombre Muerto, an area with a history of over 25 years of lithium production. Lithium South owns 100% of the project, which boasts a National Instrument 43-101 compliant resource estimate of 1,583,200 tonnes of Lithium Carbonate Equivalent (LCE). This resource is distributed across the Alba Sabrina, Natalia Maria, and Tramo claim blocks, with the Alba Sabrina block being the largest and most critical to the company's development efforts.
The company is transitioning from being a lithium explorer to a developer, underpinned by its recent Preliminary Economic Assessment (PEA). The PEA outlines plans for a 15,600 tonnes per year lithium carbonate production facility, leveraging conventional solar evaporation techniques. This method is industry-standard, low-risk, and proven for lithium brine extraction, ensuring operational efficiency and economic feasibility.
Strategic Location and Competitive Position
The HMN Li Project is surrounded by major lithium developments, including a US$4 billion project by POSCO and the Sal de Vida Project under development by Arcadium Lithium (a result of the Alkem and Livent merger). This proximity to established and emerging lithium operations enhances the project's strategic value, providing access to infrastructure, expertise, and potential synergies.
Technological Advancements and Value-Added Products
Lithium South is actively exploring innovative lithium recovery methods to enhance efficiency and product value. Recent test work has demonstrated the potential to produce Lithium Iron Phosphate (LiFePO₄) directly from concentrated brine, bypassing the need for lithium carbonate. LiFePO₄ batteries are increasingly favored for electric vehicles and utility-scale energy storage due to their cost-effectiveness, long cycle life, and high power density. This positions the company to tap into growing markets for advanced lithium products.
Environmental and Regulatory Compliance
The company has completed Phase I of its Environmental Baseline Study, a critical step toward obtaining construction permissions. The study evaluates hydrology, soil quality, flora and fauna, and socio-cultural impacts, ensuring the project aligns with environmental and regulatory standards. Phases II and III of the Environmental Impact Assessment are underway, further solidifying the project's development framework.
Market Relevance and Future Outlook
As global demand for lithium continues to surge, driven by the transition to electric vehicles and renewable energy storage, Lithium South Development Corporation is well-positioned to play a pivotal role in the lithium supply chain. Its strong resource base, proven extraction methods, and focus on innovation provide a solid foundation for long-term growth and market relevance.
Lithium South Development Corporation (LISMF) has contracted Minera Santa Rita for road and drill pad construction at the Hombre Muerto North Lithium Project in Salta, Argentina. This follows a recent TEM study indicating three core wells planned for the Alba Sabrina claim block, the largest area within the project, which has never been drilled. The new access roads will span about two kilometers, facilitating drilling aimed at potentially expanding the current resource. The company is also evaluating Direct Lithium Extraction methods alongside traditional evaporation processes.
Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced progress on the environmental baseline study for the Hombre Muerto North Lithium Project in Argentina, conducted by EC & Asociados. The study has completed the dry season analysis, with results due in early December. The next phase will examine wet season conditions. This study is critical for environmental permitting and a future Feasibility Study. The company is also evaluating Direct Lithium Extraction methods and awaiting drill permit approvals for resource expansion.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announced progress at the Hombre Muerto North Lithium Project in Argentina. The company is conducting evaporation tests to validate concentration methods for a potential pilot plant. Constructed evaporation ponds have led to faster-than-expected evaporation, with bulk-liming processes underway to remove impurities. In addition, the company is evaluating Direct Lithium Extraction methods and is awaiting drill permit approvals for resource expansion.
Lithium South Development Corporation has successfully closed its oversubscribed non-brokered private placement, issuing 16,150,000 units at CDN $0.40 each, raising gross proceeds of CDN $6,460,000. Each unit consists of one common share and one warrant, the latter allowing the purchase of additional shares at CDN $0.60 for three years. Funds will advance the HMN Lithium Project in Argentina and support general working capital. The company also paid finder's fees totaling CDN $426,368 and issued 1,065,920 finder's warrants. This financing underscores strong investor support for lithium resource expansion.
Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced that Eon Minerals will conduct test work to produce battery-grade lithium carbonate from brine at the Hombre Muerto North Lithium Project in Argentina. The process involves a pre-concentration phase of 15 cubic meters of brine and follows conventional evaporation extraction methods. The effort will yield valuable data for designing a pilot test plant and is supervised by a qualified expert. The project aims to advance lithium production capabilities in line with growing market demand.
The press release from Lithium South Development Corporation on Oct. 4, 2021 announces the results of a Time Domain Electromagnetic (T.E.M.) survey at the Hombre Muerto North Lithium Project in Argentina. Conducted by Quantec Geoscience, the survey covered 133 stations and identified significant drill targets across all claim blocks. The results indicate potential for resource expansion, particularly in the Alba Sabrina claim block. The company is moving towards a full feasibility study and is evaluating Direct Lithium Extraction technology.
Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) has successfully completed a Time Domain Electromagnetic (TEM) program at its Hombre Muerto North Lithium Project in Salta Province, Argentina. Conducted by Quantec Geoscience, the program included 133 stations and is expected to deliver results in two weeks, which will help assess aquifer depth potential. The initiative supports a planned 2,000-meter drill program aimed at expanding lithium resources beyond the Tramo claim block. The Company is also evaluating Direct Lithium Extraction technologies to enhance production efficiency.
Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) announces the engagement of Quantec Geoscience Argentina S.A. for a Time Domain Electromagnetic (TEM) program at its Hombre Muerto North Lithium Project in Salta Province, Argentina. The program aims to identify additional lithium resources across multiple untested claim blocks, facilitating a planned 2,000-meter drilling program. This initiative is part of the company's strategy to expedite a full feasibility study, with an Environmental Impact Report in progress and drilling permissions expected soon.
Lithium South Development Corporation has appointed EC & Asociados as a technical advisor to conduct an Environmental Baseline Study for the Hombre Muerto North Lithium Project. This study is crucial for preparing an Environmental Impact Report required by the Mining Authority in Salta, Argentina. Key components of the study include assessments of flora, fauna, climate, and hydrology. The project aims to advance to a full feasibility study, evaluating various Direct Lithium Extraction technologies alongside traditional methods. Results from ongoing tests are expected soon.
Lithium South Development Corporation has appointed Dr. Vijay Mehta as a technical consultant and Qualified Person to oversee the assessment and potential development of Direct Lithium Extraction Technology for the Hombre Muerto North Lithium Project in Argentina. Dr. Mehta, a recognized expert with nearly five decades of experience, previously led product development at FMC Corporation and holds multiple lithium-related patents. The company aims to evaluate alternative extraction methods to enhance project efficiency, positioning itself as a leader in lithium extraction technology.
FAQ
What is the current stock price of Lithium South Development Corporation (LISMF)?
What is the market cap of Lithium South Development Corporation (LISMF)?
What is Lithium South Development Corporation's primary focus?
Where is the Hombre Muerto North Lithium Project located?
What is the production capacity outlined in the Preliminary Economic Assessment?
What makes Lithium South's project unique?
What environmental measures has the company undertaken?
What extraction method does Lithium South use?
Who are Lithium South's key competitors?
Is Lithium South involved in producing advanced lithium products?
