SPOD Lithium Terminates Lithium Grande 4 and MegaLi Properties Option Agreements and Announces Results of AGSM

Core Viewpoint - SPOD Lithium Corp. has received notices of default from Noranda Royalties Inc. and Visible Gold Mines Inc. regarding option payments and share issuances related to its LG4 and MegaLi properties, leading to the decision to terminate both option agreements [1][2]. Group 1: Notices of Default - The company received notices of default for failing to make a $150,000 option payment and issue 1,375,000 common shares to each of Noranda and VGM by December 31, 2025 [1]. - Following the notices, SPOD decided not to cure the defaults and terminated both the LG4 and MegaLi option agreements [2]. Group 2: Annual General and Special Meeting (AGSM) Results - The AGSM held on January 29, 2026, saw 24,806,100 shares voted, representing 26.39% of the total eligible shares [3]. - Key resolutions included the election of directors, with Veronique Laberge, Richard Goldstein, and Hani Zabaneh receiving 99.19% approval, while Martin Dallaire received 87.13% [3]. - The appointment of auditors and approval of the stock option plan received 99.956% and 98.605% approval, respectively [3]. Group 3: Company Overview - SPOD Lithium Corp. is focused on the exploration and development of lithium resources, emphasizing sustainable practices and innovation [4]. - The company was founded in 2020 and operates in Quebec, Canada, a region known for its rich lithium deposits [4].