LatAm Lithium Announces AGM Results
LatAm approved a share consolidation as the cash-poor explorer pivots to lithium brines and gold monetization.
LatAm Lithium Corp. (LALI) held its Annual General and Special Meeting (AGSM) on October 22, 2026, where shareholders approved all management resolutions. The most significant approval was a 3-for-1 share consolidation, which reduces the company’s outstanding common shares from approximately 35.3 million to approximately 11.8 million, with proportional adjustments applied to warrants and options.
During the meeting, a new four-member Board of Directors was elected, consisting of Rodney Campbell, Jeremy Wright, Stephen J. Wilkinson, and Brian Crawford. Manning Elliott LLP was re-appointed as the company’s auditor. Additionally, shareholders approved the rolling Stock Option Plan and Equity Incentive Plan.
LatAm Lithium Corp. (LALI) has secured shareholder approval for a 3-for-1 share consolidation, a standard corporate housekeeping measure intended to improve share liquidity, meet exchange listing requirements, and provide flexibility for future financing. The move follows the company’s announcement on September 21, 2026, regarding the Annual General Meeting and the proposed consolidation.
The approval clears the administrative path for the consolidation to take effect, pending final approval from the TSX Venture Exchange. No new capital was raised, and no material exploration results or strategic partnerships were disclosed in this release.
LatAm Lithium Corp. (LALI) is an exploration-stage company focused on lithium brine assets in Argentina's Lithium Triangle and gold projects in Ontario, Canada. The company is currently pausing near-term exploration on its Yergo lithium project in Argentina due to unresolved legal, regulatory, and environmental challenges.
Instead, LatAm Lithium is advancing its flagship South of Otter Property, a 5,418-hectare gold project in the Red Lake district, Ontario. The property is located approximately 40 km southeast of Red Lake and about 8 km east of Kinross Gold's Great Bear project. The company aims to generate an NI 43-101 technical report for the asset and pursue a vend-out or spin-out to fund its lithium initiatives.
The South of Otter project is in the exploration stage, with activities including prospecting, geological mapping, soil sampling, and trenching. No drilling or resource estimation has been completed to date. Historical results include grab samples up to 18.0 g/t Au and channel samples up to 1.09 g/t Au.