Lithium South Development Secures Approval for POSCO Acquisition

Lithium South Development Corporation has received the green light from POSCO Argentina S.A.U. for the proposed acquisition of the Hombre Muerto North Lithium Project. The transaction involves purchasing NRG Metals Argentina S.A., a subsidiary of Lithium South. With investment funds allocated, the acquisition process is advancing, aiming to finalize the Share Purchase Agreement.

The revised acquisition price, set at US$65 million, accounts for various financial adjustments. All significant issues have been addressed, and the formal signing is imminent. In anticipation, Lithium South plans an Annual General and Special Meeting on January 9, 2026, to secure shareholder approval.

The transaction awaits regulatory consent and TSX Venture Exchange approval. Further announcements will follow post-agreement signing.