By Adriano Marchese

Lithium South Development said Thursday that it has agreed with South Korean steelmaker POSCO to collectively develop a lithium project in Argentina.

The Vancouver, British Columbia-based lithium company said it has signed a cooperative development agreement with POSCO's subsidiary, POSCO Argentina SAU, to jointly develop the Hombre North Lithium project in Salta Province.

As part of the agreement, the two companies will have a split claim on all brine produced at two of the blocks at the project.

Write to Adriano Marchese at

(END) Dow Jones Newswires

01-11-24 0826ET