Northwire Canada EditionFriday, November 6, 2026
Northwire
⌕
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%
Regulatory

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

LIS · Price

Executive Summary

  • Shareholders approved the arm’s‑length sale of Lithium South’s wholly‑owned subsidiary NRG Metals Argentina S.A., which holds the Hombre Muerto North lithium property.
  • The “Going Private” plan of arrangement was also approved, with 87.74% of votes in favour (48.10% when including option‑ and warrant‑holders).
  • Closing of the sale and consummation of the Going‑Private Arrangement are expected in March 2026, subject to court order and TSX‑V approval.

Key Details

  • Sale of Subsidiary: 100% of NRG Metals Argentina S.A. (owner of Hombre Muerto North lithium property) will be sold; shareholders voted 74.47% in favour.
  • Going Private Arrangement: Plan of arrangement approved by 87.74% of voting securityholders (including 48.10% when option‑ and warrant‑holders are counted).
  • Director Elections: Adrian Hobkirk – 87.48% of votes; Christopher P. Cherry – 74.50%; Gordon Neal – 75.34%.
  • Voting Statistics: 64,932,858 votes cast, representing 51 % of issued and outstanding shares as of the record date (Jan 5 2026).
  • Closing Timeline: Anticipated closing and cash‑payout under the arrangement scheduled for March 2026, pending final Supreme Court order and TSX Venture Exchange approval.
  • Auditor Appointment: Davidson & Company LLP appointed as auditor.
  • Option Plan: Re‑approved by shareholders.

Notable Quotes

  • “The approval of both the Sale of Subsidiary and the Going Private Arrangement reflects our shareholders’ confidence in the strategic direction of Lithium South as we transition to a private company focused on advancing the Hombre Muerto North lithium project.” – Adrian F. C. Hobkirk, President & CEO

Materiality Assessment: Material – Positive (significant corporate restructuring and asset disposition approved by shareholders).

Read the original news release →

More from Lithium South Development Corporation