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Alchemist Mining ( (TSE:LITS) ) has provided an update.
LiTHOS Group Ltd. has announced a share consolidation, converting ten pre-consolidation shares into one post-consolidation share, effective May 13, 2025. This move, which will reduce the total number of outstanding shares from 91,067,038 to 9,106,722, is intended to provide the company with greater flexibility in seeking additional financing opportunities. The consolidation aligns with LiTHOS’s strategic goals in the rapidly growing lithium market, driven by the demand for electric vehicles and renewable energy solutions.
More about Alchemist Mining
LiTHOS Group Ltd. is a mining technology company specializing in the selective extraction of aqueous minerals. The company utilizes its AcQUA™ technology to extract lithium from continental brine reservoirs without the need for additional freshwater or chemicals. With lithium being a critical component in the growing electric vehicle market and renewable energy storage, LiTHOS aims to produce sustainable lithium without evaporation ponds. The company collaborates with strategic mineral resource owners in regions such as Chile, Argentina, and the Southeastern United States.
Average Trading Volume: 143,020
Technical Sentiment Signal: Sell
Current Market Cap: C$2.12M
Learn more about LITS stock on TipRanks’ Stock Analysis page.