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VANCOUVER, BC, July 22, 2021 /CNW/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) is pleased to announce the appointment of EC & Asociados as technical advisor for the completion of an Environmental Baseline Study at the Hombre Muerto North Lithium Project. The study will be used in the preparation and filing of an Environmental Impact Report with the Mining Authority in Salta. EC & Asociados is a environmental and technical consulting firm located in Salta, Argentina, and have extensive experience in the production of environmental reports to the mining industry. Their clients include Livent, Rincon Ltd., and Litio Minera Argentina S.A. among others.
The requirements of the General Environmental Law, Mining Code No. 24.585 will be followed in the production of the report. The study will include the documentation of flora, fauna, climate, air quality, hydrogeology, soil usage, a socio-demographic survey and ecosystem characterization and, where applicable, seasonal variations. A weather station will be established on site for environmental monitoring during the study period.
The program is part of the Company development strategy for the Hombre Muerto North Lithium Project. Management is taking a fast track approach to moving the project to a full feasibility study, and an Environmental Impact Report is a necessary part of this strategy. In addition, the Company is evaluating three types of Direct Lithium Extraction Technology ( DLE ) along with conventional evaporation extraction. Test work is currently underway, and results are anticipated in the very near future.
This news release has been reviewed by Marcela Casini, advisor of the Company and a Qualified Person as that term is defined in National Instrument 43-101.
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
SOURCE Lithium South Development Corporation
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