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Lithium South Development ( (TSE:LIS) ) has issued an announcement.
Lithium South Development Corporation has received approval from POSCO Argentina S.A.U. for the acquisition of the Hombre Muerto North Lithium Project. The transaction, valued at US$65 million, is set to proceed following the resolution of major issues and is pending formal signing. The company is planning an Annual General and Special Meeting on January 9, 2026, to seek shareholder approval for the sale of NRG Metals S.A. and other business matters. This acquisition is subject to regulatory and TSX Venture Exchange approval, marking a significant step in Lithium South’s strategic growth and positioning in the lithium market.
Spark’s Take on TSE:LIS Stock
According to Spark, TipRanks’ AI Analyst, TSE:LIS is a Underperform.
The overall stock score reflects the company’s early-stage status with strong equity but no revenue generation, leading to financial performance challenges. Technical indicators suggest potential volatility, and valuation metrics provide limited insights due to the exploration stage. The absence of earnings call data and notable corporate events limits further analysis.
To see Spark’s full report on TSE:LIS stock, click here.
More about Lithium South Development
Lithium South Development Corporation operates in the lithium industry, focusing on the exploration and development of lithium projects. The company is primarily involved in the acquisition and development of lithium-rich properties, with a market focus on expanding its lithium production capabilities.
Average Trading Volume: 100,300
Technical Sentiment Signal: Buy
Current Market Cap: C$45.04M
See more insights into LIS stock on TipRanks’ Stock Analysis page.