VANCOUVER, BC, April 25, 2024 /CNW/ – LiTHOS Group Ltd., (“LiTHOS” or the “Company”) (CBOE CA: LITS) (OTCQB: LITSF) (FSE: YU8) (WKN: A3ES4Q) a leader in sustainable lithium production technologies, is pleased to announce its selection for the next phase of the Chilean National Mining Company (ENAMI)’s direct lithium extraction project. This selection follows a competitive global Request for Information (RFI) where LiTHOS showcased the application of its innovative AcQUA™ extraction technology for the High Andean Salt Flats project in the Atacama Region.

ENAMI will evaluate results from laboratory tests with brine samples from the project site with a select few vendors who were invited to ENAMI’s technology screening process. The lab testing phase is crucial for assessing the feasibility and effectiveness of LiTHOS’s AcQUA™ technology in promoting sustainable lithium extraction practices that can operate in harsh field environments.

This advancement in the RFI process highlights ENAMI’s and LiTHOS’s commitment to environmental stewardship through the application of technological innovation in the mining sector. The company’s proprietary technology, which eliminates the need for traditional evaporation ponds, aligns with Chile’s efforts to minimize environmental impacts and enhance resource efficiency.

LiTHOS Technology is honored to contribute to this significant project, which aligns with its strategic objectives and the global movement toward sustainable mining practices.

About ENAMI

The Chilean National Mining Company (ENAMI) is committed to supporting the growth and development of the Chilean mining industry, particularly among small and medium-sized enterprises, while promoting sustainable and responsible mining practices across the industry. https://www.enami.cl/.

About LiTHOS

Lithium is now among one of the world’s most in-demand metals due to aggressive ambitious electrification efforts to limit CO2 emissions. This global demand is underpinned by the adoption of EV’s and the installation of hundreds of gigawatts of intermittent solar power generation capacity requiring partial battery storage solutions.

The Company’s mission is to deliver sustainable lithium production without the use of evaporation ponds. AcQUA™ is LiTHOS’ patent-pending technology that spans the complete value chain from the conditioning and pre-treatment of raw brines through the DLE phase into the polishing and purification of battery grade lithium feedstock. LiTHOS has two fully operational processing facilities: a 4,000 sq ft lab in Denver, CO and a 55,000 sq ft complex in Bessemer, AL.

LiTHOS is working under contract with multiple strategic mineral resource owners and processing brines from the largest Salars in Chile and Argentina, and the Smackover reservoir in the Southeastern United States. Our wholly owned subsidiary, Aqueous Resources LLC, is a US Department of Energy grant awardee and a Colorado Advanced Industries grant awardee.

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ON BEHALF OF THE BOARD

Scott Taylor ‐ CEO

Forward-Looking Statements: This news release contains certain forward-looking statements within the meaning of Canadian securities legislation, including with respect to: the plans of the Company; the purposed use of funds of the Initial Tranche; and statements relating to the closing of additional tranches of the offering. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forwardlooking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions, or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forwardlooking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and involve several risks and uncertainties, including additional tranches of the offering may not close on the terms announced or at all; that the Company may use the proceeds of the Initial Tranche for purposes other than those disclosed in this news release; adverse market conditions; and other factors beyond the control of the Company. Consequently, there can be no assurances that such statements will prove to be accurate, and that actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause future results to differ materially from those anticipated in these forward-looking statements include: limited operating history; research and development activities; effect of general economic and political conditions; and other risk factors set forth in the Company’s public filings which are available on SEDAR+ at www.sedarplus.ca. Accordingly, the reader is urged to refer to the Company’s such filings for a more complete discussion of such risk factors and their potential effects. Except to the extent required by applicable securities laws and the policies of Cboe Canada Inc., the Company undertakes no obligation to update these forwardlooking statements if management’s beliefs, estimates or opinions, or other factors should change.

View original content: https://www.prnewswire.com/news-releases/lithos-selected-for-next-phase-in-enamis-direct-lithium-extraction-initiative-302126938.html

SOURCE Lithos Group

View original content: http://www.newswire.ca/en/releases/archive/April2024/25/c4191.html

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For further information

LiTHOS Investor Relations

Contact: 1-877-LITHOS1 / 1-877-548-4671, info@lithostechnology.com

CO: Lithos Group