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LIS – Lithium South Development Corp

Compliant

★☆☆☆☆

Lithium South Development Corp is Shariah compliant. The company’s financials pass just one standard and fail in the other four.

$43,428,061

Market cap

-

Revenue Growth

-

Analysts' Rating

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N/A

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Total Analysts: 0

Company Profile

Lithium South Development Corporation is a Canada-based company, which is focused on developing the Hombre Muerto North Lithium Project (HMN Li), located on the Hombre Muerto Salar, a lithium-producing salar in Argentina. The property package of approximately 5,687 hectares is comprised of nine mining concessions. The project is strategically located with developed infrastructure. The HMN Li Project is surrounded by two lithium producers, Korean giant POSCO and Livent at the northern end of the renowned Hombre Muerto Salar. It completed a preliminary economic assessment of the HMN Li Project, utilizing conventional evaporation extraction. The Company evaluates conventional evaporation as a process method and direct lithium extraction (DLE) as an alternative method. The Company evaluates two, 2,000-liter bulk brine samples outside of Argentina and one sample tested by Lilac Solutions of Oakland, California. A second 2,000-liter bulk sample is being tested by Chemphys Chengdu, in China.

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