The Company will issue an aggregate of 1,422,350 RSUs to executive officers, Independent Board Members, Advisory Board Members, and strategic consultants as compensation in lieu of cash. This decision demonstrates LiTHOS’ commitment to maintaining cash resources while incentivizing the performance and dedication of the leadership team. By opting for equity-based compensation, the management team affirms their confidence in the future success of the Company and its innovative AcQUAâ„¢ technology.
Company Announcement: Graduated from
It is with great sadness that LiTHOS announces his passing
Operational Highlights: Advances with AcQUAâ„¢ Technology
LiTHOS continues to show substantial progress in its AcQUAâ„¢ technology, a cutting-edge solution for Direct Lithium Extraction (DLE). At AcQUAâ„¢ The system has proven to be highly effective in the processing of lithium brine, optimizing the concentration of lithium chloride while significantly reducing fresh water and chemical consumption. These results are critical to improving the sustainability of the lithium extraction process, especially in resource-rich areas such as the Salar de Atacama.
Through collaboration with key partners, including some of the world’s leading lithium producers, AcQUAâ„¢ has undergone trials and field trials. This has demonstrated the scalability and efficiency of the system in various brine compositions, positioning LiTHOS at the forefront of lithium extraction technology. The company is now at an advanced stage of commercializing this technology, which will support the increasing demand for lithium in battery production.
As part of the strategic plan, LiTHOS will continue to refine AcQUAâ„¢ process for large-scale deployment. The success of these trials reinforces LiTHOS’ ability to provide innovative and field-ready solutions for lithium production that not only meet but exceed environmental and economic standards. This operational progress marks an exciting chapter in LiTHOS’ mission to revolutionize lithium extraction technology globally.
About LiTHOS
LiTHOS Group Ltd. is a mining technology company focused on the selective extraction of water minerals. The Company’s AcQUAâ„¢ technology allows lithium to be extracted from continental brine reservoirs without additional freshwater or additional chemicals or reagents. Lithium is now one of the most demanded metals in the world because it “electrifies” the world to reduce CO2 emissions, led by continued growth in EV sales and the installation of hundreds of gigawatts of intermittent solar power generation capacity require partial battery storage solutions.
The Company’s mission is to produce sustainable lithium without evaporation ponds. AcQUA â„¢ is a patent-pending LiTHOS technology that covers the full value chain from the conditioning and pre-treatment of raw brine through the DLE phase to the polishing and purification of battery-grade lithium raw materials. LiTHOS has two processing facilities: a 4,000 square foot lab
LiTHOS works with various owners of strategic mineral resources, including brine from the largest Salars in
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Statements that look forward to: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including regarding: the Company’s plans; using the funds from the Second Tranche; and statements related to closing additional tranches of the offering. Although the Company believes that these statements are reasonable, it can give no assurance that these expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; generally, but not always, identified by the words “expect,” “plan,” “anticipate,” “believe,” “intend,” “estimate,” “project,” “goal,” “potential,” “goal.” , “objective,” “probable,” and similar expressions, or if the event or situation “will,” “will,” “could,” “could,” “could” or “should” occur, or such statements, which , by nature, look at upcoming events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and involve a number of risks and uncertainties, including that additional tranches of the offering may not close on the terms announced or at all ; so that the Company can use the results of the Second Tranche for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the Company’s control. Consequently, there can be no assurance that such statements will be accurate, and actual results and future events may differ materially from those anticipated in such statements.
Important factors that could cause future results to differ from those anticipated in these forward-looking statements include: limited operating history; research and development activities; the effects of general economic and political conditions; and other risk factors set forth in the Company’s public filings available on SEDAR+ at www.sedarplus.ca. Therefore, readers are encouraged to refer to the Company’s filing for a more complete discussion of these risk factors and their potential effects. Except to the extent required by applicable securities laws and policies of Cboe Canada Inc.The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors should change.
