Lithium South Development Corporation (the 'Company' or 'Lithium South') (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announces that it has cancelled 2,150,000 options held by certain directors, officers and consultants effective April 4, 2025.
About Lithium South Development Corp.
Lithium South owns 100% of the HMN Li Project located in Salta and Catamarca Provinces, Argentina, in the heart of the lithium triangle. The Salar del Hombre Muerto has a history of lithium production, with Arcadium Lithium (as a result of the Alkem and Livent merger) in operation to the south of the HMN Li Project for over twenty-five years. Arcadium Lithium is currently being acquired by Rio Tinto for US$6.7 billion. The HMN Li Project is adjacent to the east with a multibillion lithium development under construction by POSCO (Korea). Exploration work to date has delineated a NI 43-101 compliant 1,583,200 tonne Lithium Carbonate Equivalent ('LCE') Resource on the Alba Sabrina, Natalia Maria, and Tramo claim blocks, three of five non-contiguous blocks that make up the HMN Li Project. A recent Preliminary Economic Assessment published April 30, 2024, delineates potential to develop a 15,600 tonne per year lithium carbonate project.
Contact:
Hobkirk
President and Chief Executive Officer
Tel: 855-415-8100
Web: www.lithiumsouth.com
The Company is negotiating a complex business arrangement subject to many variables. There can be no guarantee that a Formal Agreement will be completed. 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. Forwardlooking 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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