Lithium South Development Corporation (LISMF.QB) (LIS.V)

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Environmental Base Line Study Update

Vancouver, BC – November 17, 2021 – Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) (the “Company”) is pleased to provide an update on progress with the ongoing environmental baseline study at the Hombre Muerto North Lithium Project, being conducted by EC & Asociados of Salta, Argentine. EC & Asociados have advised that they have completed study of the onsite environmental conditions during the dry season and will be providing an updated report expected in early December.  The second phase of the study will commence during the first two weeks of December and will involve study of the environmental conditions on site during the wet season.  The environmental base line study will fulfill requirements under the General Environmental Law, Mining Code No. 24.585.

 

Company Vice President, Fernando Villarroel is quoted: “We are very pleased with the progress made to date for environmental permitting.  Conclusion of the baseline study will provide a key element of a planned Feasibility Study.”

 

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.  Three candidates for DLE are currently being evaluated.  Two, 2,000-gallon bulk brine samples are in transit; one sample is heading to Oakland California for testing by Lilac Solutions, and the second sample is heading to Chengdu China for testing by Chemphys.  DLE test work is also currently underway in Salta, Argentina by Eon Minerals.

 

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.

 

This news release has been reviewed and approved by Marcela Casini, advisor to the Company and a Qualified Person as that term is defined in National Instrument 43-101.

 

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

 

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.  We seek safe harbor.

 

SOURCE:  Lithium South Development Corporation

Lithium South Development Corporation: Battery Grade Lithium Carbonate to be Produced at HMN Li Project  

Vancouver, BC – October 19, 2021 – Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) (the “Company”) is pleased to announce that Eon Minerals of Miami Florida, through its laboratory located in Salta, Argentina, will be conducting test work to produce battery grade lithium carbonate from a bulk sample of brine to be recovered from the Hombre Muerto North Lithium Project (HMN Li Project), Argentina. Conventional process technology, based upon the proven evaporation extraction process of lithium will be utilized in this test phase.

 

The testing will begin with a pre-concentration process of 15 cubic meters of brine in ponds located at the project site.  Work will include liming, solid-liquid separation, removal of boron through Solvent Extraction, polishing of the brine, precipitation of primary lithium carbonate, bi-carbonation, polishing of the brine by Ion Exchange, resulting in a targeted-battery grade lithium carbonate product.  The process will also produce a lithium chloride solution with a targeted concentration up to 6% wt., which will be shipped to Chemphys Chengdu in China for further refinishing to their customer specifications.

 

The process test work will result in hard data for the design of a pilot test plant.  Recovery rates of lithium under salar conditions will provide the information required for a National Instrument 43-101 Technical Report.   The process test work will be supervised by Mr. Alex Mezei, a Qualified Person for the purposes of N.I. 43-101 and a recognized expert within the industry.

 

Company President, Adrian F.C. Hobkirk is quoted: “We are very pleased to move our project forward towards the pilot plant stage, as part of our evaluation of the best process to use in achieving lithium production at the HMN Li Project.”

 

About Eon Minerals

 

Eon Minerals of Miami Florida has a fully capable laboratory in Salta Argentina, equipped for lithium test work.  The company is well experienced in the lithium industry.  Past and current clients include Ganfeng Lithium, Neo Lithium and Rincon Ltd.  Eon Minerals technical staff includes Susana Martinez, PhD in Chemistry with specialization in synthesis and nanomaterials, Ivan Machin, PhD in Chemistry with specialization in thermodynamic and catalysis, Lorena Perez, MSc specializing in heavy and extra heavy oil extraction, and Gonzalo Chaparro who has worked on engineering for the most important projects in Argentina.  The team has a joint experience of more than 50 years in process development, and more than 15 years with specific lithium experience.  The Company is owned and operated by Fernando Villarroel, Vice President, and Director of the Company.

 

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.

 

This news release was reviewed and approved by Mr. Alex Mezei, P.Eng., a Qualified Person for the purposes of NI 43-101, and technical consultant to the Company.  Mr. Mezei participated in the production of this news release and approves of the scientific disclosure contained herein.

 

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

 

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.  We seek safe harbor.

 

SOURCE:   Lithium South Development Corporation

 

Lithium South Development Corporation Drill Program to Expand Resource

Vancouver, BC – April 27, 2021 – Lithium South Development Corporation (the “Company”) (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) is pleased announce it is moving ahead with plans to potentially expand the current lithium resource at the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina.

 

The 3,287-hectare project is comprised of five separate areas located in the northern portion of the salar. The current resource of 571,000 tonnes of lithium carbonate equivalent is located on the 383-hectare Tramo Claim.  The resource was detailed in a National Instrument 43-101 compliant report filed December 4th, 2018 titled, Initial Measured Lithium and Potassium Resource Estimate Hombre Muerto North Project, Salta and Catamarca Provinces, Argentina, authored by independent consultants Montgomery and Associates, is summarized below:

 

Table 1. Hombre Muerto North Lithium Brine Resource Statement

 

Tonnages are rounded off to the nearest 1,000. Cutoff grade: 500 mg/L lithium, but no laboratory results were less than the cutoff grade. The conversion used to calculate the equivalents from their metal ions is based on the molar weight for the elements added to generate the equivalent. The equations are Li x 5.3228 = lithium carbonate equivalent and K x 1.907 = potassium chloride equivalent. The reader is cautioned that mineral resources are not mineral reserves and do not have demonstrated economic viability.

 

After technical review, management believes the current identified resource has excellent potential to be expanded.  To accomplish this, the Gaston Enrique, Natalia Maria and Alba Sabrina claims will be sited for drill programs.  The Company has located a service provider who has a drill rig located on the salar near the Alba Sabrina claim block and is negotiating a drill contract.  The Gaston Enrique claim block is located on the Catamarca side of the Hombre Muerto salar, and is the oldest claim located within the dual jurisdiction area. Management believes an Environmental Impact Report and drill permits can be obtained for this project area, which is located approximately 100 meters north of a drill hole recently completed by POSCO.  A recent corporate video of the HMN Li Project can be viewed at the Company website at www.lithiumsouth.com.

 

The project area under purchase option to the Company is situated contiguous to significant lithium development. Korean giant POSCO are moving ahead with plans to construct a 25,000 tonne per year conventional lithium extraction operation contiguous to the Company area. The recently announced 4-billion-dollar merger between Galaxy Resources and Orocobre will likely see further development of the Galaxy owned portion further to the south.

 

About Lithium South

 

Lithium South is focused on developing the 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.

 

The technical and scientific information contained in this news release was reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person under NI 43-101. Mr. Feyerabend participated in the production of this news release.

 

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 / website: www.lithiumsouth.com

 

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.

 

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

 

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

 

SOURCE:  Lithium South Development Corporation

Lithium South Development Corporation Announces Property Payment Completed on 3287 Hectare Hombre Muerto North Lithium Project

New OTCQB Symbol LISMF

 

Vancouver, BC – March 25, 2021 – Lithium South Development Corporation (the “Company”) (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt OGPQ) announces that it has completed the second to last property payment for the acquisition of the 3,287-hectare Hombre Muerto North Lithium Project located in Salata Province, Argentina.  The company issued 2,250,000 common shares and made a payment of US$1,000,000 to Jorge E. Moreno and Alba Silvia Sala (the “Vendors”) pursuant to a mining exploration agreement with option to purchase dated May 17, 2017, as amended on October 31, 2017 and April 22, 2018, entered into with the Vendors regarding the Hombre Muerto North Lithium project.

 

Company President Adrian F.C. Hobkirk is quoted, “we are pleased to have completed this important milestone for the acquisition of this advanced lithium asset.  We look forward to working with the vendor and the mining jurisdiction of Salta Province to further develop Direct Lithium Extraction at the project.”

 

The Hombre Muerto salar has three lithium projects under development including the companies, and projects by POSCO and Galaxy Resources.

 

The Company also announces it has changed its US ticker symbol to “LISMF” on the OTCQB, effective March 18, 2021.

 

About Lithium South

 

Lithium South is focused on developing the Hombre Muerto North Lithium Project (HMN Li Project), located on the Hombre Muerto Salar, the premier lithium-producing salar in Argentina. The project is adjacent to land under development by the Korean multinational corporation POSCO, which acquired the ground from Galaxy Resources Ltd. for U.S. $ 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.

 

Investors / Shareholders:

Email: info@lithiumsouth.com
Toll Free: 855-415-8100
Website: www.lithiumsouth.com

 

On behalf of the board of directors of Lithium South Development Corporation

 

Adrian F. C. Hobkirk
President and Chief Executive Officer
Direct line: 954-684-8040

 

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.

 

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

 

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

 

SOURCE:  Lithium South Development Corporation

Lithium South Development Corporation: Doubling of Lithium Recovery From Brine with Chemphys Process

Highlights:

  • 80% recovery of lithium from brine using Chemphys XFP-Lithium Direct Lithium Extraction (DLE) process.
  • Near doubling of lithium recovery rates from conventional evaporation extraction
  • Bulk brine sample acquisition for pilot scale test work.

 

Vancouver, British Columbia / March 17th, 2021 – Lithium South Development Corporation  (TSX-V: LIS) (OTCQB: NRGMF) (Frankfurt OGPQ) (the “Company”) is pleased to report completion of laboratory scale evaluation using synthetic brine modeled on the Hombre Muerto North Lithium Project (HMN Li Project) chemical composition. The test work was completed by Chengdu Chemphys Chemical Industry Ltd. (Chemphys) utilizing its proprietary XFP-Lithium Direct Lithium Extraction process, which selectively extracts lithium ions from brine. Testing was performed at the Chemphys ISO certified facility in Chengdu, China. Independent check sampling was completed at the PONY Testing International Group Co Ltd., an ISO/IEC 17020 and ISO/IEC 17025 certified laboratory. All work was completed under the supervision of Don Hains of Hains Technology Associates of Toronto, Canada, who is acting as the Qualified Person.

 

The process conditions were screened to select optimized parameters, (including operating at 25 oC). The average lithium recovery achieved was 80%, producing an intermediate lithium sulfate product enriched from 0.7 g/L Li to 1.7g/L Li. This represents a near 100% increase in lithium extraction, in comparison to the conventional evaporation process results completed by the Company. The laboratory test work shows good selectivity of the adsorption process, high Li adsorption, elution and total recovery rate and low adsorbent loss rate. Chemphys also determined that the intermediate lithium sulfate produced met the feedstock quality requirements to directly produce battery grade lithium carbonate.

 

Conventional lithium extraction involves the construction of large evaporation ponds to concentrate the lithium contained in the raw brine. The costs of pond construction is significant, the environmental footprint is large, and the production lead time is approximately 18 months. These factors contribute to the challenges of applying the traditional evaporation process to meet increasing market demand. The Chemphys process is part of an innovative class of lithium extraction technologies, Direct Lithium Extraction ( “ DLE “ ). The XFP-Lithium process allows for faster and more efficient extraction of lithium from brine with significantly reduced evaporation pond footprint. The Company is evaluating both conventional evaporation and DLE to determine the optimal process method for the HMN Li Project.

 

The next phase of test work will involve pilot plant cycle testing using synthetic brine and validation using a large bulk sample of HMN Li Project brine. The bulk brine sample acquisition will be conducted next week, with the sample expected in China by March.  The pilot program will further validate the process conditions established by the laboratory test work on a larger scale, continuous cycle program, and also produce high quality lithium carbonate samples. The pilot testing is expected to be completed in 2Q 2021.

 

Qualified Person/Data Verification

 

The scientific and technical information included in this press release is based upon information prepared and approved by Donald H. Hains, P.Geo.  Mr. Hains is a qualified person, as defined in NI 43-101 and is independent of Lithium South Development Corporation and Chengdu Chemphys Chemical Industry Ltd.. Mr. Hains has verified all sampling, analytical and test data underlying the information contained in this press release. There are no sampling, assay, recovery or other factors that could materially affect the accuracy and reliability of the data.

 

About Chemphys

 

Chemphys was established in 1998 and has operated its ISO 9001:2000 certified facilities since 2000. The company is a leader in high purity lithium carbonate and battery grade lithium hydroxide for the manufacturing of cathode materials and electrolytes of lithium ion batteries. Its products are recognized by all major lithium ion battery materials manufacturers and it is an integral part of the electric vehicle supply chain.

 

About Lithium South

 

Lithium South is focused on developing the Hombre Muerto North Lithium Project ( HMN Li Project ),   located on the Hombre Muerto Salar, the premier lithium-producing salar in Argentina. The project is adjacent to land under development by the Korean multinational corporation POSCO, which acquired the ground from Galaxy Resources Ltd. For U.S. $ 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.

 

Website : www.lithiumsouth.com  Toll Free 855-415-8100 

 

On behalf of the board of directors of Lithium South Development Corporation

 

Adrian F. C. Hobkirk
President and Chief Executive Officer

 

Direct Ph 1- 954-684-8040

 

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.

 

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

 

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

 

SOURCE:  Lithium South Development Corporation

Lithium South 5,336,667-share private placement

Vancouver, BC –  March 1, 2021 – Lithium South Development Corporation (the “Company”) (TSX-V: LIS) (OTCQB: NRGMF) (Frankfurt OGPN) – 2021-03-01 20:49 ET – Private Placement

 

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Jan. 25, 2021.

 

Number of shares:  5,336,667 shares

Purchase price:  60 cents per share

Warrants:  5,336,667 share purchase warrants to purchase 5,336,667 shares

Warrant initial exercise price:  80 cents

Warrant term to expiry:  five years

Number of placees:  24 placees

 

Finders’ fees:  PI Financial Corp., $16,531.20 cash and 27,552 warrants; Public Eye Consulting Busche, $12,703.78 cash and 21,173 warrants; Nathan Rotstein, $175,095.60 cash and 291,826 warrants; Canaccord Genuity Corp., $40,869.44 cash and 68,116 warrants

 

Finder’s warrant initial exercise price:  80 cents

Finder’s warrant term to expiry:  five years

 

Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

 

About Lithium South Development

Lithium South is focused on the development of its flagship lithium brine project, Hombre Muerto North lithium project (HMN) in the Salta province of Argentina. The property package of 3,287 hectares is comprised of six mining concessions. Two production wells have been completed and cased on the Tramo Concession. The project is strategically located with developed infrastructure.

The HMN project surrounded by two leading lithium brine producers, Korean giant POSCO and Galaxy Resources at the northern end of the renowned Hombre Muerto Salar.

 

HMN has an outlined Measured and Indicated Mineral Resources of .57M tonnes Lithium Carbonate Equivalent (LCE) Lithium South adds second drill at the Hombre Muerto North Lithium Projectand a projected mine life of 30 years.  A recent Preliminary Economic Assessment returns a Net Present Value of US$ 217 million, CAPEX of US$ 93 million and an Internal Rate of Return of 30%.  A Feasibility Study on the project is in progress which will include upgrading the current resource to a reserve status.

 

The Company is moving forward with the evaluation and development of alternative Lithium extraction technology.

 

The Company currently has approximately 28 million shares issued and outstanding, and trades on the TSX Venture Exchange under the symbol LIS, on the OTCQB Market under the symbol, NRGMF, and on the Frankfurt Stock Exchange under the symbol, OGPN.

Company Highlights

  • World Class Management Team
  • Experience and excellent infrastructure – from first drill hole to PEA in only 11 months
  • PEA indicates potentially robust economics for a 5,000 tonne/year LCE operation with a CAPEX of $93.3M, OPEX of $3,112/t LCE, NPV(8) of $217M and IRR of 28.0%
  • Two production wells completed and cased
  • Sizeable property package (3,287 hectares) next to leading Lithium-brine producers
  • Partnered with high-purity Lithium battery producer in China – Chemphys – www.chemphys.com
Projects
Hombre Muerto North Project in Argentina

 

NRG'S neighbor, POSCO is constructing pilot facility for the production of lithium.Located in Salta and Catamarca Provinces, Argentina. The property package of 3,287 hectares is comprised of the Alba Sabrina, Tramo, Natalia Maria, Gaston Enrique, Viamonte and Norma Edit concessions, all located in the Salar del Hombre Muerto in northwestern Argentina.

 

The Company has evaluated the HMN Project having completed the initial exploration, a resource calculation, and releasing PEA numbers.  The HMN Project is strategically located in the Hombre Muerto Salar, an area of active lithium production by FMC Lithium Co. at the Fenix lithium mine, some 12 kilometers south of the project area. The project is surrounded by ground now owned by POSCO, a Korean based lithium producer, as a result of its US$280 million purchase of the area from Galaxy Resources Ltd., an Australian-based producer. Galaxy Resources Ltd., is also moving their portion of the Hombre Muerto Salar, the Sal de Vida Project, to lithium production.

 

Highlights of the Hombre Muerto North Lithium Project include:

 

  • Test work underway for direct Lithium extraction, an alternative to the conventional evaporation process currently used by the industry. The process under development would potentially shorten lithium recovery time and provide higher recovery of lithium.
  • PEA indicates attractive economics for a 5,000 tonne/year LCE operation with a CAPEX of $93.3M, OPEX of $3,112/t LCE, NPV(8) of $217M and IRR of 28.0%.
  • Exceptional Li Samples;  300 – 400 meter average 918 mg/l Li with a low Mg to Li ratio.
  • Excellent Pump Test Results – produced 26 liters per second of lithium brine in 72-hours.
  • Geophysical data indicates zones of low resistivity, interpreted to be potential lithium-bearing zones that are open at depth.
  • Adjacent to Galaxy Resources’ Sal de Vida lithium development project sold in May 2018 to Posco for US$ 280 Million.
  • Highly qualified, Argentina-based team of professionals experienced with lithium exploration, development, through to lithium production.

SOURCE:  http://www.lithiumsouth.com/

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