LITHOS GROUP LTD - LITSF STOCK NEWS

LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) has announced a strategic move to preserve capital and align leadership interests with long-term growth. The company's Board has approved the grant of 1,422,350 Restricted Share Units (RSUs) and Performance Share Units (PSUs) to executive officers, board members, and strategic consultants as compensation in lieu of cash.

LiTHOS also reported progress with its AcQUA™ technology for Direct Lithium Extraction (DLE). The system has proven effective in optimizing lithium chloride concentration while reducing water and chemical consumption. Through collaborations with leading lithium producers, AcQUA™ has undergone rigorous testing and field trials, showcasing its scalability and efficiency across diverse brine compositions.

The company announced the passing of Seth Coblentz, former Vice President, General Counsel, and Corporate Secretary. Hannah Benson will take over as Corporate Secretary.

LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) has announced successful laboratory-scale tests of its AcQUA™ pre-treatment technology on lithium brine from SQM's Salar de Atacama. The tests demonstrated high lithium yield recovery and effective impurity removal, including magnesium, boric acid, calcium, and sulfates. AcQUA™ uses a patent-pending hybrid electropressure membrane process that increases lithium concentration without freshwater or harmful chemicals. This technology eliminates the need for evaporation ponds, reducing the environmental footprint of lithium mining. LiTHOS operates two processing facilities in Denver, CO, and Bessemer, AL, and is working with strategic mineral resource owners in Chile, Argentina, and the United States.

LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) announces two significant events:

1. CEO Scott Taylor will receive the 2024 Outstanding Denver Technical Presentation Award from the Society of Petroleum Engineers (SPE) on August 28, 2024.

2. LiTHOS will participate in EnerCom Denver® 2024, with Taylor presenting on August 21st at 8:35 AM MT.

LiTHOS, a leader in innovative lithium extraction technologies, focuses on sustainable lithium production without evaporation ponds using its AcQUA™ technology. The company operates two processing facilities and works with strategic mineral resource owners in Chile, Argentina, and the United States.

LiTHOS Group (CBOE CA: LITS), a leader in innovative lithium extraction technologies, has filed its FYE 2024 audited financial statements. The company reported significant progress in strengthening its financial position:

- Raised $3.5 million through financing activities
- Increased investment in Tangible Assets to $857,068
- Recognized $783,568 in grant income
- Improved cash balance to $691,178
- Total Assets increased to $26.2 million
- Shareholders' Equity rose to $23.3 million

LiTHOS continues to invest in growth initiatives, including the acquisition of AcQUA™ technology, which has enabled the company to secure multiple paid pilot brine processing projects. Despite reporting a net loss of $7.3 million, the company remains committed to investing in future growth through business, corporate, and technology development.

LiTHOS Group has been selected for the next phase of the Chilean National Mining Company (ENAMI)'s direct lithium extraction project, showcasing its AcQUA™ extraction technology. This selection follows a competitive global Request for Information (RFI), emphasizing environmental stewardship and sustainable mining practices.

LiTHOS Group will participate in the 'International Mining Collaboration: Global Needs for More Mining & Processing' virtual conference presented by Maxim Group on April 23rd, 2024. CEO Scott Taylor will discuss 'The Future of Processing' in the mining industry.

LiTHOS Group announces the commencement of manufacturing a demonstration scale AcQUA™ modular field unit, with factory acceptance testing scheduled in July 2024. The company aims to earn revenue in the 4th quarter of 2024.

LiTHOS Group Ltd. announces successful completion of lithium brine testing using its AcQUA™ process, reducing impurities to non-detect levels. The company has secured contracts with top lithium producers globally and is set to validate pre-treatment and extraction for oil and gas producers in 2024. Additional customers have issued purchase orders for testing, with promising results expected in April. LiTHOS is also pursuing new pilot projects to showcase the capabilities of its technology in optimizing mineral recovery.

LiTHOS Group Ltd. supports Arkansas Lithium Conference to revolutionize lithium extraction with AcQUA™ technology. The company's commitment to sustainability, efficiency, and innovation shines amidst industry challenges.