Lithium South Sells Hombre Muerto North
Analysis based on 6 articles · First reported Apr 10, 2026 · Last updated Apr 10, 2026
The market impact is positive for Lithium South Development Corporation as it successfully divests its Hombre Muerto North Lithium property, leading to a planned delisting and cessation of reporting. This transaction provides a clear exit strategy for shareholders and a cash consideration payout. For Nubank and POSCO, the acquisition strengthens their position in the lithium market, potentially boosting their future production capabilities.
Lithium South Development Corporation announced the successful closing of the sale of its wholly-owned subsidiary, NRG Metals — NRG Metals Argentina S.A., to POSCO (99%) and Nubank Inc. (1%). NRG Metals — NRG Metals Argentina S.A. holds the Hombre Muerto North Lithium property in Salta Province, Argentina. The Share Purchase Agreement was dated December 5, 2025, and a formal closing ceremony took place in Buenos Aires, Argentina, on April 7, 2026. Adrian F. C. Hobkirk, President and CEO of Lithium South Development Corporation, expressed congratulations to POSCO. Lithium South Development Corporation is now in the process of delisting its common shares from the TSX Venture Exchange and OTCQB Venture Market market and will apply to cease being a reporting issuer. Shareholders will receive cash consideration for their shares, with registered shareholders needing to complete a letter of transmittal through Computershare
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard