Lombard Street Capital Announces Name Change to Lithium Africa and Share Consolidation

Executive Summary

• Lombard Street Capital Corp. has officially changed its name to Lithium Africa Corp. and completed a 24‑for‑1 share consolidation effective January 15, 2026.
• The restructuring is being undertaken in connection with the corporation’s planned business combination with Lithium Africa Resources Corp. (LARC), which remains the qualifying transaction for the capital pool company.
• The transaction is expected to close in the coming weeks, subject to TSX Venture Exchange approval and other customary closing conditions.

Key Details

• Name Change: From “Lombard Street Capital Corp.” (TSXV: LSC.P) to Lithium Africa Corp.
• Share Consolidation Ratio: 24 pre‑consolidation common shares → 1 post‑consolidation common share.
• Effective Date: January 15, 2026.
• Post‑Consolidation Share Count: Approximately 2,100,877 common shares (rounded; fractional shares handled per described rules).
• New Identifiers: CUSIP 53681R105; ISIN CA53681R1055.
• Transaction Context: Consolidation and name change are part of the Qualifying Transaction with Lithium Africa Resources Corp. (LARC), a 50/50 JV with GFL International Co., Ltd., targeting hard‑rock pegmatite exploration assets in Ivory Coast, Guinea, Mali, and Zimbabwe.
• Closing Timeline: The business combination is expected to close “in the coming weeks,” subject to TSX Venture Exchange acceptance and other conditions outlined in the filing statement dated December 23, 2025 (available on SEDAR+).
• Shareholder Instructions: Registered shareholders received a transmittal letter from TSX Trust Company for exchanging pre‑consolidation certificates/DRS statements for post‑consolidation equivalents; intermediaries may have separate procedures.

Notable Quotes

(No direct quotes were provided in the release.)