VANCOUVER, British Columbia,
July 8, 2021 /CNW/ -- Lithium
South Development Corporation (the "Company") (TSX-V: LIS)
(OTCQB: LISMF) (Frankfurt OGPQ) is pleased to announce the
appointment of Dr. Vijay Mehta as a
technical consultant and Qualified Person. Dr. Mehta will
supervise the further assessment and potential development of
Direct Lithium Extraction Technology for the Hombre Muerto North
Lithium Project, located in Argentina.
A recognized expert in lithium mining and processing, Dr. Mehta
brings almost five decades of experience to LIS. His
experience includes evaluating the technological and economic
feasibility of lithium brine projects around the world. He
was the Product and Process Technology Development Leader of FMC
Corporation (NYSE: FMC) for 30 years and was one of the founding
developers of FMC's lithium plant at the Hombre Muerto Salar,
Argentina, which has been in
production since 1998. He holds 12 lithium related U.S.
patents and has published over 50 technology reports and ten
academic papers.
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 focused on evaluating
alternative extraction methods for the HMN Li Project and plans to
become a leader in the application of Direct Lithium Extraction
technology at the project level.
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.
This news release contains certain "forward-looking statements"
within the meaning of Section 21E of the United States Securities
and Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the Company, certain information
contained herein constitutes forward-looking statements.
Forward-looking statements are based upon opinions and estimates of
management at the date the statements are made and are subject to a
variety of risks and uncertainties and other factors which could
cause actual results to differ materially from those projected in
the forward-looking statements. The reader is cautioned not
to place undue reliance on forward- looking statements. There can
be no guarantee that the transaction being contemplated, the sale
of the HMN Lithium Project, will complete as announced or at all.
We seek safe harbor.
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website:
www.lithiumsouth.com
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SOURCE Lithium South Development Corporation