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We are a lithium-focused mining company committed to the global energy transition by developing a high-quality commercial grade lithium operation economically and sustainably to support the EV and battery supply chains.
Lithium Ionic is engaged in the acquisition, exploration, and development of lithium properties in Brazil with the goal of generating long-term value for its shareholders through the discovery and potential future extraction of lithium, a critical mineral that is fueling the green revolution.
The Company is focused on advancing its flagship Itinga and Salinas projects. Located in Minas Gerais state, Brazil, the Company’s properties span 14,182 hectares in this prolific lithium province and mining-friendly state.
An initial mineral resource estimate of 7.57Mt at 1.40% Li₂O (261kt LCE) in the M&I category and 11.86Mt at 1.44% Li₂O (421.5kt LCE) in the Inferred category was reported in June 2023 at its flagship Bandeira and Outro Lado deposits, together referred to as the Itinga Lithium Project.
The Itinga Project is located in the same district as Sigma Lithium Corp.’s Grota do Cirilo project, the largest lithium hard-rock deposit in the Americas which began producing in April 2023, as well as CBL’s Cachoeira mine, which has been producing lithium since 1991.
The Company is currently undertaking a 50,000-metre expansion and definition drilling program for H2 2023, targeting the Bandeira and Outro Lado lithium deposits, as well as other prospective regional targets, including Salinas and Itira.
Engineering studies are underway. A Preliminary Economic Assessment is expected in Q3 2023, followed by a Definitive Feasibility Study by year-end.
Brazil’s Minas Gerais state boasts excellent infrastructure, including access to highways, hydroelectrical grid power, water, and nearby commercial ports.
Lithium Ionic shares began trading on the TSX Venture in May 2022 under the symbol LTH. The Company also trades on the OTCQX in the US, under the symbol LTHCF, as well as on the Frankfurt exchange under the symbol H3N.