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Lithium South Development ( (TSE:LIS) ) has shared an announcement.
Lithium South Development Corporation has provided an update on the sale of its Hombre Muerto North Lithium Project to POSCO Argentina SAU. The transaction is currently in a due diligence phase, with a definitive agreement expected by November 19, 2025. This sale represents a significant shift for the company, as the project is its sole recorded asset, and it plans to repurchase outstanding securities following the transaction. The company is working with Canaccord Genuity Corp. as a financial advisor to ensure the transaction’s completion within the required timeframe.
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 is a company focused on lithium exploration and development, owning 100% of the Hombre Muerto North Lithium Project located in Argentina’s lithium triangle. The project is adjacent to significant lithium operations and has delineated a substantial lithium carbonate equivalent resource, with ongoing efforts to advance towards a feasibility study.
Average Trading Volume: 196,597
Technical Sentiment Signal: Buy
Current Market Cap: C$33.05M
For an in-depth examination of LIS stock, go to TipRanks’ Overview page.