Northwire Canada EditionFriday, November 6, 2026
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Gold 4,066.60 −1.1% Silver 51.89 −0.9% Copper 6.26 −0.1% Oil 90.23 −0.3% Palladium 1,016.25 −2.7% HBM 29.73 +3.1% ELEF 0.250 +108.3% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.68 +4.2% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.460 +3.4% BNKR 2.65 +0.4% SURG 0.420 +2.4% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.400 −2.4% TOM 0.100 +0.0% Gold 4,066.60 −1.1% Silver 51.89 −0.9% Copper 6.26 −0.1% Oil 90.23 −0.3% Palladium 1,016.25 −2.7% HBM 29.73 +3.1% ELEF 0.250 +108.3% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.68 +4.2% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.460 +3.4% BNKR 2.65 +0.4% SURG 0.420 +2.4% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.400 −2.4% TOM 0.100 +0.0%
M&A / Property

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 →

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