LatAm Lithium Announces Annual General and Special Meeting and Share Consolidation

LatAm Lithium Corp. announced an Annual General and Special Meeting scheduled for October 22, 2026, to seek shareholder approval for a 3-for-1 share consolidation. The consolidation will reduce outstanding common shares from approximately 35.3 million to approximately 11.8 million, with proportional adjustments to approximately 3.15 million warrants and approximately 427,500 options.

The Board states the move aims to provide greater flexibility to secure less-dilutive financing and advance the exploration strategy and project portfolio. This follows a July 2026 private placement closing of $875,000 at $0.05 per unit, and a June 2026 strategic pivot focusing on Argentina lithium brine assets while pausing the Yergo project. The company is also pursuing monetization of its Ontario gold assets (South of Otter and Gold Creek) to fund the lithium strategy.

LatAm Lithium Corp. announced a share consolidation, a standard corporate housekeeping action that does not alter the underlying asset base, operational progress, or cash position. The move directly addresses the stock's chronic low price, which has ranged between $0.05 and $0.10, a level that restricts access to institutional capital and makes traditional equity financings difficult.

By consolidating shares, management aims to make the ticker more palatable for future capital raises. However, this is a precursor to another financing round, which will introduce significant dilution. The announcement is fully in line with the company's documented cash crunch and strategic pivot. It provides no new operational catalysts, revenue visibility, or cost reductions. The impact is neutral, serving as a necessary administrative step to keep the capital raising pipeline open without changing the fundamental risk/reward profile.

LatAm Lithium Corp. is an exploration-stage company pivoting toward lithium brine assets in Argentina's Lithium Triangle. Its flagship focus is on district-scale lithium brine projects in Jujuy Province, with additional evaluation of assets in Salta and Catamarca. Exploration at the Yergo project is currently paused due to unresolved legal, regulatory, and environmental challenges.

The company also holds Ontario assets, including the South of Otter property, which comprises 5,363 hectares and is drill-ready near Kinross Great Bear, and the Gold Creek property, which covers 4,036 hectares and has been optioned to Delta Resources. The company’s strategy relies on monetizing these Ontario gold assets to fund the capital-intensive development of its Argentina lithium projects.