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An update from Alchemist Mining ( (TSE:LITS) ) is now available.
LiTHOS Group Ltd. has settled $494,109.45 in debt by issuing common shares to various creditors, including directors and officers. Additionally, the company announced the resignation of three board members, which may impact its governance structure. These developments are part of LiTHOS’s ongoing efforts to strengthen its financial position and streamline its operations in the competitive lithium extraction industry.
More about Alchemist Mining
LiTHOS Group Ltd. is a mining technology company specializing in the selective extraction of aqueous minerals, particularly lithium, using its proprietary AcQUA™ technology. This technology enables the extraction of lithium from continental brine reservoirs without additional freshwater or chemicals, aligning with the increasing global demand for lithium driven by electric vehicle sales and renewable energy storage needs. LiTHOS collaborates with strategic mineral resource owners in regions like Chile, Argentina, and the Southeastern United States.
YTD Price Performance: -96.55%
Average Trading Volume: 195,608
Technical Sentiment Signal: Buy
Current Market Cap: C$1.69M
For an in-depth examination of LITS stock, go to TipRanks’ Stock Analysis page.