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

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).