Northwire Canada EditionFriday, July 17, 2026
Sign inSubscribe
Northwire
⌕
LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
M&A / Property Routine +

Lithium South closes Hombre Muerto North sale

Lithium South Delists After POSCO Deal Closes at $0.505 Per Share

By The Northwire Desk — AI Analysis Apr 10, 2026 · 13:17 LIS · 0.495 Lithium South Development Corp
Executive Summary
  • Lithium South Development Corp. confirmed the completion of the sale of its wholly-owned subsidiary, NRG Metals Argentina SA, and the Hombre Muerto North lithium project to Posco Argentina SAU (99%) and Posco Holdings Inc. (1%).
  • The transaction closed on April 7, 2026, in Buenos Aires.
  • Shareholders are receiving cash consideration of $0.505 per common share pursuant to a plan of arrangement.
  • The company is applying for delisting from the TSX Venture Exchange and OTCQB and will cease reporting status immediately following the transaction.
  • Registered shareholders must submit a letter of transmittal to Computershare Investor Services Inc. to claim proceeds; non-registered shares are handled via intermediaries.
Material Impact
  • The news confirms the execution of a previously announced asset sale (Share Purchase Agreement signed December 2025, Closing Date set March 2026).
  • The share price has already consolidated at $0.47-$0.50 leading up to the close, pricing in the $0.505 offer value.
  • There is no new upside catalyst; the event represents a liquidity exit for shareholders rather than an operational milestone.
  • The transaction removes the company from public markets, effectively ending trading opportunities on TSX-V or OTCQB.
  • Given the price was known and the market had priced it in over the preceding months (rising from $0.35 to $0.50), this is a routine confirmation of terms rather than a surprise material event.
LIS · Price
Company Overview
  • Company: Lithium South Development Corp., a Canadian exploration company focused on lithium brine projects in Argentina.
  • Flagship Project: Hombre Muerto North (HMN) lithium project located in Salta Province, Argentina.
  • Project Status: Sold to POSCO; no longer under Lithium South's control or development responsibility post-closing.
  • Resource Estimate: NI 43-101 compliant resource of 1,583,200 tonnes LCE (736 mg/L Li average) prior to sale.
  • Development Stage: Advanced exploration; Preliminary Economic Assessment indicated potential for a 15,600 t/yr lithium carbonate plant.
Read the original news release →

More from Lithium South Development Corp

May 28, 2026 · 13:27

Lithium South Delists After Posco Deal Closes, Shareholders Secured Cash Exit

Regulatory May 19, 2026 · 10:50

Payout delayed as Lithium South trips on filing deadline, casting a shadow on its final act

Regulatory May 11, 2026 · 13:55

Lithium South to pay out C$0.505 per share, delist as Posco’s US$65M buyout of Argentine lithium project closes

Regulatory Mar 31, 2026 · 20:25

Lithium South Finalizes Exit Strategy with $0.505 Cash Payout Following POSCO Asset Sale

M&A / Property Mar 31, 2026 · 15:00

Lithium South Announces Closing Date of April 7, 2026

M&A / Property Feb 20, 2026 · 14:15

Lithium South Announces Results of its Annual and Special Meeting of Securityholders

Regulatory