Lithium South shareholders approve all matters at AGSM

Executive Summary

• Shareholders approved the arm’s‑length sale of NRG Metals Argentina S.A., the holder of the Hombre Muerto North lithium property, with 74.47% voting in favour.
• The proposed plan of arrangement to take Lithium South Development Corp. private was approved by 87.74% of voting shareholders (48.10% of total securityholders).
• Election of directors and appointment of Davidson & Company LLP as auditor were also ratified; the existing option plan was re‑approved.

Key Details

• Meeting Date: February 19, 2026 (annual and special meeting of securityholders).
• Votes Cast: 64,932,858 votes representing 51% of issued and outstanding common shares (record date: January 5, 2026).
• Sale Approval: 74.47% voted in favour of selling all issued and outstanding shares of wholly‑owned subsidiary NRG Metals Argentina S.A., which owns 100% of the Hombre Muerto North lithium property in Salta Province, Argentina.
• Going‑Private Arrangement: Approved by 87.74% of voting shareholders; overall securityholder support at 48.10%.
• Directors Election & Auditor Appointment: New directors elected; Davidson & Company LLP appointed as auditor.
• Option Plan: Re‑approved by shareholders.
• Next Steps (CEO Statement): Final order from the Supreme Court of British Columbia expected shortly; closing of the subsidiary sale and effective date of the going‑private arrangement to be scheduled for March 2026, with cash consideration payout thereafter. Announcement pending TSX Venture Exchange final approval.

Notable Quotes

• “The company expects to receive the final order from the Supreme Court of British Columbia shortly regarding the going private arrangement… The closing date … will be scheduled in March 2026…” – Adrian Hobkirk, President & CEO