Lombard Street changes name to Lithium Africa

Executive Summary

• Lombard Street Capital Corp. has officially changed its name to Lithium Africa Corp. and completed a share consolidation effective January 15, 2026.
• The restructuring is part of a business combination with Lithium Africa Resources Corp., which constitutes a qualifying transaction under TSX Venture Exchange Policy 2.4.
• The transaction is expected to close in the coming weeks, subject to conditions including TSX-V acceptance.

Key Details

• Name Change: Lombard Street Capital Corp. is now Lithium Africa Corp.
• Share Consolidation: Completed on a basis of 24 pre-consolidation common shares for each 1 post-consolidation common share.
• Effective Date: January 15, 2026.
• New Securities Identifiers:
  • New CUSIP: 53681R105
  • New ISIN: CA53681R1055
• Post-Consolidation Share Count: Approximately 2,100,877 common shares issued and outstanding (prior to rounding for fractional shares).
• Fractional Share Handling:
  • Fractions less than one-half of a post-consolidation share are cancelled.
  • Fractions at least one-half of a post-consolidation share are rounded up to one whole share.
• Transaction Context: The name change and consolidation are in connection with the business combination with Lithium Africa Resources Corp.
• Target Company Profile (Lithium Africa Resources Corp.):
  • Holds a 50/50 joint venture with GFL International Co. Ltd.
  • Indirect 50% interest in exploration assets in hardrock pegmatite districts.
  • Geographic focus: Ivory Coast, Guinea, Mali, and Zimbabwe.
• Conditions Precedent: Completion is subject to TSX-V acceptance and other standard conditions.
• Shareholder Instructions: Registered shareholders were mailed letters of transmittal from TSX Trust Company to surrender old certificates/statements for new ones. Non-registered shareholders must contact their intermediaries.

Notable Quotes

• None provided in the text.