LiTHOS Announces Grant of RSUs and PSUs to Conserve Capital and Align Interests with Long-Term Growth
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) ha annunciato una mossa strategica per preservare il capitale e allineare gli interessi della leadership con la crescita a lungo termine. Il Consiglio di Amministrazione della società ha approvato la concessione di 1.422.350 Unità di Azioni Riservate (RSU) e Unità di Azioni Prestazionali (PSU) a dirigenti, membri del consiglio e consulenti strategici come compenso al posto del denaro.
LiTHOS ha anche riportato progressi con la sua tecnologia AcQUA™ per l'estrazione diretta di litio (DLE). Il sistema si è dimostrato efficace nell'ottimizzare la concentrazione di cloruro di litio riducendo nel contempo il consumo di acqua e sostanze chimiche. Attraverso collaborazioni con importanti produttori di litio, AcQUA™ ha subito test rigorosi e prove sul campo, dimostrando la sua scalabilità e efficienza su diverse composizioni di salamoia.
L'azienda ha annunciato la scomparsa di Seth Coblentz, ex Vice Presidente, Consigliere Generale e Segretario Aziendale. Hannah Benson assumerà il ruolo di Segretario Aziendale.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) ha anunciado un movimiento estratégico para preservar capital y alinear los intereses de liderazgo con el crecimiento a largo plazo. La Junta de la empresa ha aprobado la concesión de 1,422,350 Unidades de Acciones Restringidas (RSUs) y Unidades de Acciones Basadas en Desempeño (PSUs) a funcionarios, miembros de la junta y consultores estratégicos como compensación en lugar de efectivo.
LiTHOS también informó sobre avances con su tecnología AcQUA™ para la Extracción Directa de Litio (DLE). El sistema ha demostrado ser eficaz en la optimización de la concentración de cloruro de litio, al mismo tiempo que reduce el consumo de agua y productos químicos. A través de colaboraciones con importantes productores de litio, AcQUA™ ha pasado por pruebas rigurosas y ensayos de campo, demostrando su escalabilidad y eficiencia en diversas composiciones de salmuera.
La compañía anunció el fallecimiento de Seth Coblentz, ex Vicepresidente, Consejero General y Secretario Corporativo. Hannah Benson asumirá el cargo de Secretaria Corporativa.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF)는 자본 보호 및 장기 성장과 관리 이익의 정렬을 위한 전략적 조치를 발표했습니다. 회사의 이사회는 경영진, 이사회 멤버 및 전략적 컨설턴트에게 1,422,350개의 제한 주식 단위(RSU) 및 성과 주식 단위(PSU)를 현금 대신 보상으로 지급하는 것을 승인했습니다.
LiTHOS는 또한 직접 리튬 추출(DLE)을 위한 AcQUA™ 기술의 진전을 보고했습니다. 이 시스템은 리튬 염화물 농도를 최적화하고 물과 화학 물질 소비를 줄이는 데 효과적이라는 것을 입증했습니다. 주요 리튬 생산자와의 협력을 통해 AcQUA™는 엄격한 테스트와 현장 시험을 거치며 다양한 염수 조성에서의 확장성과 효율성을 보여주었습니다.
회사는 전 부사장, 법률 고문 및 기업 비서인 Seth Coblentz의 별세를 발표했습니다. Hannah Benson이 기업 비서직을 인수할 예정입니다.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) a annoncé une démarche stratégique pour préserver du capital et aligner les intérêts de la direction avec la croissance à long terme. Le conseil d'administration de l'entreprise a approuvé l'attribution de 1 422 350 unités d'actions réservées (RSUs) et d'unités d'actions basées sur la performance (PSUs) à des dirigeants, des membres du conseil et des consultants stratégiques en compensation au lieu de liquidités.
LiTHOS a également rapporté des progrès concernant sa technologie AcQUA™ pour l'extraction directe de lithium (DLE). Le système s'est révélé efficace pour optimiser la concentration de chlorure de lithium tout en réduisant la consommation d'eau et de produits chimiques. Grâce à des collaborations avec des producteurs de lithium de renom, AcQUA™ a subi des tests rigoureux et des essais sur le terrain, démontrant ainsi sa scalabilité et son efficacité à travers diverses compositions de saumure.
L'entreprise a annoncé le décès de Seth Coblentz, ancien vice-président, conseiller général et secrétaire général. Hannah Benson assumera le rôle de secrétaire général.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) hat eine strategische Maßnahme zur Kapitalerhaltung und zur Alignierung der Interessen der Führung mit dem langfristigen Wachstum angekündigt. Der Aufsichtsrat des Unternehmens hat die Gewährung von 1.422.350 eingeschränkten Aktieneinheiten (RSUs) und leistungsbezogenen Aktieneinheiten (PSUs) an leitende Angestellte, Aufsichtsratsmitglieder und strategische Berater als Entschädigung statt Bargeld genehmigt.
LiTHOS berichtete auch über Fortschritte mit seiner AcQUA™-Technologie für die direkte Lithiumextraktion (DLE). Das System hat sich als effektiv erwiesen, um die Konzentration von Lithiumchlorid zu optimieren und gleichzeitig den Wasser- und Chemikalienverbrauch zu reduzieren. Durch Kooperationen mit führenden Lithiumproduzenten hat AcQUA™ rigorose Tests und Feldversuche durchlaufen und seine Skalierbarkeit und Effizienz in verschiedenen Salzlösungen unter Beweis gestellt.
Das Unternehmen gab den Tod von Seth Coblentz, ehemaliger Vizepräsident, General Counsel und Corporate Secretary, bekannt. Hannah Benson wird die Position der Corporate Secretary übernehmen.
- Grant of 1,422,350 RSUs and PSUs to conserve cash and align management interests with long-term growth
- Significant progress in AcQUA™ technology for Direct Lithium Extraction
- Successful field trials demonstrating AcQUA™'s scalability and efficiency
- Advanced stages of commercializing AcQUA™ technology
- Collaboration with leading lithium producers for technology testing
- Passing of Seth Coblentz, Vice President, General Counsel, and Corporate Secretary
The Company will issue an aggregate of 1,422,350 RSUs to executive officers, Independent Board Members, Advisory Board Members, and strategic consultants as compensation in lieu of cash. This decision demonstrates LiTHOS' commitment to safeguarding its cash resources while incentivizing performance and dedication from its leadership team. By choosing equity-based compensation, the management team is underscoring its confidence in the Company's future success and its groundbreaking AcQUA™ technology.
Corporate Announcement: Passing of Seth Coblentz
With great sadness, LiTHOS announces the passing of Seth Coblentz, who served as the Company's Vice President, General Counsel, and Corporate Secretary. The Company extends its deepest condolences to Seth's family, friends, and colleagues. Hannah Benson will be taking over the role of Corporate Secretary.
Operational Highlights: Progress with AcQUA™ Technology
LiTHOS continues demonstrating substantial progress in its AcQUA™ technology, a cutting-edge solution for Direct Lithium Extraction (DLE). The AcQUA™ system has proven highly effective in lithium brine processing, optimizing lithium chloride concentration while significantly reducing fresh water and chemical consumption. These results are critical in advancing the sustainability of lithium extraction processes, particularly in resource-rich areas such as the Salar de Atacama.
Through collaboration with key partners, including some of the world's leading lithium producers, AcQUA™ has undergone rigorous testing and field trials. These have showcased the system's scalability and efficiency across diverse brine compositions, positioning LiTHOS at the forefront of lithium extraction technology. The Company is now in the advanced stages of commercializing this technology, which will support the increasing demand for lithium in battery production.
As part of its strategic plan, LiTHOS will continue refining the AcQUA™ process for large-scale deployment. The success of these trials strengthens LiTHOS' ability to offer innovative, field-ready solutions for lithium production that not only meet but exceed environmental and economic standards. These operational advancements mark an exciting chapter in LiTHOS' mission to transform lithium extraction technology globally.
About LiTHOS
LiTHOS Group Ltd. is a mining technology company focused on the selective extraction of aqueous minerals. The Company's AcQUA™ technology allows lithium to be extracted from continental brine reservoirs without additional freshwater or any added chemicals or reagents. Lithium is now among the world's most in-demand metals as the world "electrifies" to reduce CO2 emissions, led by continuing growth in EV sales and the installation of hundreds of gigawatts of intermittent solar power generation capacity requiring partial battery storage solutions.
The Company's mission is to produce sustainable lithium without evaporation ponds. AcQUA™ is LiTHOS's patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the DLE phase into the polishing and purification of battery-grade lithium feedstock. LiTHOS has two processing facilities: a 4,000 sq ft lab in
LiTHOS is working with multiple strategic mineral resource owners, including brines from the largest Salars in
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ON BEHALF OF THE BOARD
Scott
Forward-Looking Statements: This news release contains certain forward-looking statements within the meaning of Canadian securities legislation, including with respect to: the plans of the Company; the purposed use of funds of the Second Tranche; and statements relating to the closing of additional tranches of the offering. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and involve several risks and uncertainties, including additional tranches of the offering may not close on the terms announced or at all; that the Company may use the proceeds of the Second Tranche for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Consequently, there can be no assurances that such statements will prove to be accurate, and that actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause future results to differ materially from those anticipated in these forward-looking statements include: limited operating history; research and development activities; effect of general economic and political conditions; and other risk factors set forth in the Company's public filings which are available on SEDAR+ at www.sedarplus.ca. Accordingly, the reader is urged to refer to the Company's such filings for a more complete discussion of such risk factors and their potential effects. Except to the extent required by applicable securities laws and the policies of Cboe Canada Inc., the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors should change.
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SOURCE Lithos Group Ltd.
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