LibertyStream Infrastructure Partners Inc. Announces Filing and Mailing of Amended and Restated Annual and Special Meeting Materials

LibertyStream Infrastructure Partners Inc. (LIB) has re-filed and mailed amended and restated annual and special meeting materials for its November 30, 2026 meeting. The release does not report new operating, financial, offtake, or financing terms.

The meeting is scheduled for 9:00 a.m. Central Standard Time on November 30, 2026, and will be held virtually. The record date is October 29, 2026, with a proxy deadline of November 24, 2026.

Resolutions include the election of directors, appointment of auditors, creation and issuance of one Series A Mirroring Preferred Share, and a potential reverse stock split of up to 25 existing common shares for one post-split common share. The reverse-split ratio is not fixed; the board may select it in its discretion at any time prior to the next annual meeting, subject to regulatory and stock-exchange acceptance. The stated purpose is to facilitate a potential Nasdaq listing by satisfying share-price requirements and broadening the potential investor base.

The Series A Mirroring Share is temporary and limited. It is not convertible into common shares, is subject to transfer restrictions, is not listed on the TSXV, can vote only on the reverse-split resolution, must mirror the proportion of common shares actually voted, and is automatically redeemed after specified events including effectiveness of the reverse split. The mirroring share addresses Texas law: after the Texas continuance, the reverse split requires approval by holders of at least two-thirds of all outstanding votes, not just two-thirds of votes cast, so non-votes would otherwise effectively count against. The Series A Mirroring Share cannot vote at all unless holders of at least one-third of outstanding common shares are present or represented by proxy.

The board recommends shareholders vote FOR all resolutions. The release does not explain why the meeting materials were amended and restated.

Libertystream Infrastructure Partners Inc. (LIB) released procedural meeting materials on Tuesday that advance the mechanics of a potential reverse stock split and a possible Nasdaq listing. The release does not approve the split, select the ratio, complete a Nasdaq listing, or change the company’s operations, contracts, cash position, or financing arrangements.

The announcement is consistent with the company’s previously disclosed U.S. listing pathway. Texas re-domiciliation was completed in April 2026, a confidential Form S-1 was submitted in August 2026, and the company has been signaling a potential U.S. exchange listing. The reverse split and mirroring-share mechanism are presented as part of that same pathway.

The most significant elements for investors are the potential reverse split and the unusual Series A Mirroring Share. The mirroring share is explicitly temporary, non-convertible, and limited to the reverse-split vote. It is designed to reduce the risk that shareholder apathy blocks the reverse split, though it introduces a governance complexity.

Prior-period context not disclosed in today’s release includes the company’s move from pilot operations to on-site lithium carbonate production. The company reported battery-grade purity at or above 99.7% in mid-2026, signed a 600-tonne-per-year offtake agreement beginning 2027, and announced a separate 500-tonne 2027 plus 17,000-tonne 2028-2031 sales contract subject to a long-term supply agreement. These are operational and commercial steps, but the company remains pre-revenue and funding-dependent.

The news does not provide a fundamental catalyst; it is an administrative step. The reverse split could alter trading mechanics and optics if approved, but it does not create value by itself.

LibertyStream Infrastructure Partners Inc. is a lithium development and technology company focused on direct lithium extraction from oilfield brine. Its strategy is to deploy proprietary DLE and refining equipment into existing oil-and-gas water infrastructure to reduce capital intensity and permitting complexity.

The flagship commercial project is Freedom 1, a planned 1,000-tonne-per-year lithium carbonate facility at Select Water Solutions’ Howard County, Texas site in the Midland Basin. The related Freedom Launchpad facility has been used for field operations, customer qualification, and production of battery-grade lithium carbonate. Prior-period context: the company reported every full certificate of analysis from May 14 through August 14, 2026 at 99.7% or higher lithium carbonate purity.

The Select Water Solutions agreement contemplates a three-stage buildout: an initial 1,000-tonne-per-year facility, a second facility targeted by June 2027, and at least two additional facilities beginning July 2027. Select receives a royalty on lithium carbonate production; the project is not royalty-free.

Prior-period context: the company also announced a non-binding Goodnight Midstream term sheet for Bakken produced-water lithium recovery in North Dakota. Independence 1 is targeted at approximately 500 tonnes per year of battery-grade lithium carbonate, with commissioning targeted for Q3 2027. Goodnight would receive a revenue share on lithium carbonate and a contemplated royalty on other critical minerals.

Commercial agreements announced before this release include a 600-tonne-per-year U.S. industrial offtake starting 2027 and a separate sales contract with an international battery material maker for 500 tonnes in 2027 plus 17,000 tonnes from 2028 through 2031, subject to a long-term supply agreement. The company had no revenue in Q2-2026 and remains pre-revenue.