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TERAGO Inc. — Director's Dealing 2022
Sep 30, 2022
46043_rns_2022-09-30_138ee876-d6da-40b6-9a50-4252d4d41410.pdf
Director's Dealing
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News Release
Lithium South Development Announces Stock Option Grant
September 30, 2022 / Vancouver, British Columbia / Lithium South Development Corporation (the “ Company ”) (TSXV: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announces that it has granted incentive stock options to purchase a total of 125,000 common shares at an exercise price of $0.49 per share for a period of five years to an officer of the Company in accordance with the provisions of its stock option plan.
About Lithium South
Lithium South is focused on developing the Hombre Muerto North Lithium Project (HMN Li Project), located on the Hombre Muerto Salar, a major lithium-producing salar in Argentina. The property is adjacent to land under development by the Korean multinational corporation POSCO, which acquired the ground from Galaxy Resources Ltd. for US $280 million. The Company completed a Preliminary Economic Assessment of the HMN Li Project in 2019, utilizing conventional evaporation extraction.
The Company is evaluating conventional evaporation as a process method, and Direct Lithium Extraction (DLE) as an alternative method. In addition, the Company is planning to potentially expand the known resource by drilling various areas of interest identified in a recent TEM survey. The Company is awaiting approval of drill permits currently under review by the Mining Secretariat in Salta, Argentina.
On behalf of the board of directors of Lithium South Development Corporation
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders Call 855-415-8100 / [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.