Announcement • May 31

Lithium South Development Corporation to Delist from TSX Venture Exchange

Lithium South Development Corporation announced that, further to its news release of May 19, 2026, it has filed its audited annual financial statements, management's discussion and analysis and related certifications for the financial year ended December 31, 2025 (the "Required Filings") on SEDAR+. As a result of filing the Required Filings on SEDAR+, on May 25, 2026, the British Columbia Securities Commission issued a revocation order (the "Revocation Order") officially revoking the cease trade order ("CTO") issued on May 11, 2026. In regards to the plan of arrangement (the "Plan of Arrangement"), as previously announced on July 30, 2025, August 7, 2025, November 12, 2025, November 20, 2025, December 8, 2025, February 4, 2026, February 20, 2026, March 31, 2026, April 10, 2026, May 11, 2026, May 15, 2026 and May 19, 2026, the Company confirms that the aggregate net proceeds of the sale of the Company's wholly-owned subsidiary, NRG Metals Argentina S.A., has been fully deposited with Computershare Investor Services Inc. (the "Depositary") and the Plan of Arrangement is expected to close on May 28, 2026 (the "Closing Date") and Shareholders of the Company as of the Closing Date will receive a cash payment of CAD 0.505 per common share held, which is expected to be completed by the Depositary three business days following the Closing Date. Following the completion of the Plan of Arrangement, it is anticipated that the common shares of the Company will be delisted from the Exchange and the OTCQB market. Delisting of the Company from the Exchange is anticipated on close of business one business day following the Closing Date, which is expected to be on or about May 29, 2026, with the concurrent delisting from the OTCQB market. Following the delisting, the Company will also apply to cease to be a reporting issuer in British Columbia, Alberta and Ontario.

Lithium South Development Corporation Stock Price

LIS Share Price Performance

LIS Community Narratives

Trending Discussion

Recently Updated Narratives

Snowflake Analysis

Lithium South Development Corporation Key Details

About LIS

Recent LIS News & Updates

Lithium South Development Corporation to Delist from TSX Venture Exchange

Caravel DS Fund Ltd. acquired 2.15% stake in Lithium South Development Corporation (TSXV:LIS) for CAD 1.2 million.

New minor risk - Shareholder dilution

Recent updates

Lithium South Development Corporation Competitors

Silver Mountain Resources

Revival Gold

STLLR Gold

Orvana Minerals