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Alchemist Mining ( (TSE:LITS) ) has shared an update.
LiTHOS Group Ltd. has announced its intention to settle a total debt of $494,109.45 owed to various creditors by issuing common shares. The debt settlement, which involves issuing shares at different prices to multiple creditors, is subject to approval by the Canadian Securities Exchange. This move is part of LiTHOS’s strategy to manage its financial obligations while continuing to focus on its core operations in the lithium extraction industry.
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. This aligns with the increasing demand for lithium driven by the growth in electric vehicle sales and solar power generation. LiTHOS collaborates with strategic mineral resource owners in regions such as Chile, Argentina, and the Southeastern United States.
YTD Price Performance: -95.69%
Average Trading Volume: 163,564
Technical Sentiment Signal: Buy
Current Market Cap: C$2.12M
Learn more about LITS stock on TipRanks’ Stock Analysis page.