Lithium South Development Corp. Signs Agreement with POSCO Argentina

Lithium South Development Corp. announced the signing of an acceptance letter for a Share Purchase Agreement with POSCO Argentina S.A.U. This agreement involves the sale of NRG Metals Argentina S.A. for US$65 million. The subsidiary holds key lithium projects in Salta Province, Argentina.

The company plans to redeem all common shares at CAD$0.505 per share. This will be discussed at the upcoming Annual General and Special Meeting set for February 19, 2026, where shareholders will vote on the transaction.

Holders of stock options and warrants must exercise their rights before the transaction's effective date, anticipated in March 2026. Post-transaction, the company will seek delisting from the TSX Venture Exchange and proceed with dissolution.

The deal requires approvals from shareholders, the Supreme Court of British Columbia, and the Exchange.