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M&A / Property

Lombard Street changes name to Lithium Africa

By The Northwire Desk — AI Analysis Jan 16, 2026 · 04:02 LAF Lithium Africa Corp.
LAF · Price

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.
Read the original news release →

More from Lithium Africa Corp.

Oct 20, 2026 · 03:01

Lithium Africa makes a non-binding us$60m offer to reduce its springbok stake to 31.5%.

Financings Oct 15, 2026 · 07:31

Lithium Africa confirms high-grade intercepts in its confirmation hole, though the discovery lacks new scale and the stock remains near lows.

Drill Results Oct 07, 2026 · 07:01

Lithium Africa pivots to concentrate processing at its Springbok project, targeting a 2027 start-up date for the facility.

Drill Results Sep 30, 2026 · 07:01

Lithium Africa reports 2%+ Li2O grades within sub-8 m widths at Springbok, confirming high-grade mineralisation rather than significant scale.

Drill Results Sep 16, 2026 · 07:01

Lithium Africa reports a 1.98% Li2O trend in Cote d'Ivoire, extending district potential ahead of Q4 drill results.

Drill Results Jul 30, 2026 · 07:31

Lithium Africa clears final South African regulatory hurdles for its Springbok Project, unlocking a 70% acquisition and a maiden resource drill program.

Technical Study