Business
Lithium South Announces Closing of the Sale of Its Hombre Muerto North Lithium Project
VANCOUVER, BC / ACCESS Newswire / April 10, 2026 / Lithium South Development Corporation (th...
About this update from Lithium South Development Corporation
[{"type":"text","content":"Lithium South Announces Closing of the Sale of Its Hombre Muerto North Lithium ProjectVANCOUVER, BC / ACCESS Newswire / April 10, 2026 / Lithium South Development Corporation (the \"Company\" or \"Lithium South\") (TSXV:LIS)(OTCQB:LISMF)(Frankfurt:OGPQ) is pleased to announce that it has successfully completed the arm's length sale of all of the issued and outstanding shares of its wholly-owned subsidiary, NRG Metals Argentina S.A., which holds a 100% ownership interest and title in the Company's Hombre Muerto North Lithium property located in Salta Province, Argentina (the \"Sale of Subsidiary\"), pursuant to the Share Purchase Agreement dated December 5, 2025 entered into with POSCO Argentina S.A.U. (99%) and Posco Holdings Inc. (1%) (together, \"POSCO\"). A formal closing ceremony was held in Buenos Aires, Argentina on April 7th, where senior management from both companies concluded the arrangement.Mr. Adrian F. C. Hobkirk President and Chief Executive Officer is quoted as saying, \"We congratulate POSCO on the purchase of our subsidiary and the Hombre Muerto North Lithium Project. We wish them continued success on the Hombre Muerto Salar.\"Further details regarding the date of the payout of the cash consideration pursuant to the plan of arrangement (the \"Plan of Arrangement\") will be provided in the immediate future.Registered Shareholders are the only shareholders required to complete and return a letter of transmittal (the \"Letter of Transmittal\") to the Company's transfer agent, Computershare Investor Services Inc., in order to receive the cash consideration for their common shares pursuant to the Plan of Arrangement. The Letter of Transmittal may be found at the Company website: www.lithiumsouth.com/investors/All other shareholders will receive the cash consideration through the intermediary with which their shares are held (brokerage or bank).The Company is in the process of receiving approval from the TSX Venture Exchange (the \"TSXV\") to delist its common share from trading and immediately prior to receiving the TSXV bulletin, the Company will arrange to concurrently delist from the OTCQB market and will make an application to cease being a reporting issuer.On behalf of the Board of DirectorsAdrian F. C. HobkirkPresident and Chief Executive OfficerInvestors / Shareholders call 855-415-8100 / website: www.lithiums...