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M&A / Property

Lithium South extends Posco Argentina deal to Dec. 5

By The Northwire Desk — AI Analysis Nov 20, 2025 · 10:48 LIS · 0.39 Lithium South Development Corp
LIS · Price

Executive Summary

  • Lithium South Development Corp. announced an extension of the Share Purchase Agreement with Posco Argentina SAU, pushing the closing deadline to on or before Dec. 5 2025.
  • The SPA concerns the sale of NRG Metals Argentina SA (owner of the Hombre Muerto North lithium project and associated claims) for a total consideration of US$65 million.
  • Extension is due to air‑travel disruptions and statutory holidays in Argentina and the United States, not reflecting any change to price or transaction terms.

Key Details

  • Transaction: Sale of NRG Metals Argentina SA (100% holder of Hombre Muerto North lithium project, Sophia I‑III, Hydra X & XI claims) to Posco Argentina SAU.
  • Purchase Price: US$65 million payable by Posco Argentina SAU.
  • Original Closing Date: Previously set prior to Dec. 5 2025 (exact date not specified).
  • Extended Closing Deadline: On or before Dec. 5 2025.
  • Reason for Extension: Recent air‑travel disruptions and scheduled statutory holidays in Argentina and the United States.
  • Previous Announcements: Initial SPA disclosed on July 30 2025, with subsequent updates on Aug. 7 2025 and Nov. 12 2025.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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