LatAm Lithium Corp

LALI.V

Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Basic Materials
Canada

LatAm Lithium Corp is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

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Impure Income*

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Purification*

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Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
#N/A%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth

Shariah Compliance

  • Updated on July 21, 2026
Debt
27.04%
✓
Non-Compliant Assets
3.24%
✓
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
6%
✓
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
14.41%
✓
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
100%
✗
Cash
1.86%
✓
Cash & AR
5.2%
✓
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
100%
✗
Cash
1.86%
✓
Cash & AR
5.2%
✓
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

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Interest Income
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Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

LatAm Lithium Corp., formerly Portofino Resources Inc., is a Canada-based company. The Company is focused on exploring and developing mineral resource projects in Argentina and Canada. Its project in Canada includes South of Otter and Gold Creek. Its project in Argentina includes Yergo. The South of Otter covers over 5,363 hectares and the property is situated within the Birch-Uchi-Confederation Lakes Greenstone belt which hosts the Red Lake gold deposits. It is located approximately 40 kilometres (km) southeast of the town of Red Lake, Ontario and 8 km east of the Dixie gold discoveries. The Gold Creek project comprises approximately 15 mining claims containing 197 contiguous cell units and covers approximately 4,036 hectares (9,973 acres). The Yergo is located in Catamarca Province (Argentina). It encompasses the entire Aparejos Salar and is within 9 km of Zijin Mining’s production stage 3Q Project.