Lithium South Development Corporation Advances Towards Definitive Agreement with POSCO Argentina for Hombre Muerto North Project
Lithium South Development Corporation is progressing towards a Definitive Agreement with POSCO Argentina for the sale of its Hombre Muerto North Lithium Project. The due diligence by POSCO Argentina is nearly complete, with minor aspects pending. Negotiations are ongoing regarding closing costs and tax implications, with finalization expected soon. Further details on the Annual General and Special Meeting and an issuer bid will be announced after the agreement is finalized.
Lithium South Development Corporation has announced progress in the sale of its Hombre Muerto North Lithium Project property package to POSCO Argentina SAU, a fully owned subsidiary of POSCO Holdings Inc. The due diligence process conducted by POSCO Argentina has been largely completed, with only a few minor aspects remaining. Both parties are now engaged in negotiating the Definitive Agreement, considering aspects such as closing costs, legal and accounting expenses, and potential tax implications. The company anticipates finalizing this process within the previously stated timeline and plans to announce further details regarding their Annual General and Special Meeting and an issuer bid for purchasing up to all of the company’s issued and outstanding securities once the agreement is finalized. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithium South Development Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: LN80065) on September 22, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
