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Lithos Group Ltd N.LITS

Alternate Symbol(s):  LITSF

Lithos Group Ltd., formerly Lithos Energy Ltd., is engaged in delivering sustainable lithium. The Company offers AcQUA, which is a patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the direct lithium extraction (DLE) phase into the polishing and purification of battery grade lithium feedstock. The Company has two processing facilities: a 4,000 square feet (sq ft) lab in Denver, Colorado and a 55,000 sq ft complex in Bessemer, Alabama. The Company is engaged in a contract with multiple strategic mineral resource owners and processing brines from the Salars in Chile and Argentina, and the Smackover reservoir in the Southeastern United States. The Company’s wholly owned subsidiary is Aqueous Resources LLC.


NEO:LITS - Post by User

Post by KozmoTon Aug 01, 2024 11:35am
121 Views
Post# 36158351

Now here is what the News Release did NOT tell you about

Now here is what the News Release did NOT tell you aboutwhat was in the financial statements. You might want to be sitting down....

Yes they had an small increase in their Cash position from $577K to $691K, but they didn't tell you that their Accounts Payable at 2023 FYE was $476K but it was $2.33 Million in FYE 2024 ... Oops? I guess they just forgot to disclose that part in the NR. Instead they claimed they "Strengthened the Balance Sheet"

Oh, and this tidbit you'll love... 

In 2023 "Related Party Transactions" (what they give to themselves) came to $76K
... in 2024 it was $2.33 Million. Not bad for a microcap penny stock at 23 cents that couldn't even handles the rigors of a CSE listing and has no revenue that I could find in the financial statements.
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