I agree to and consent to receive news, updates, and other communications via email from Lithium Ionic. I understand that I may withdraw consent at any time by clicking the unsubscribe link contained in all emails from [email protected].
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 rapidly advancing its flagship Bandeira Lithium Project, a 175-hectare property within its large 14,182-hectare land package, located in Minas Gerais state, Brazil, in a region recently coined “Lithium Valley” by state officials, which is emerging as a globally significant hard rock lithium-producing district.
Bandeira hosts a mineral resource estimate of 13.72Mt grading 1.40% Li₂O (474,892t LCE) in the M&I category and 15.79Mt grading 1.34% Li₂O (154,198t LCE) in the Inferred category (reported in October 2023). A second nearby lithium deposit called Outro Lado hosts an additional 2.97Mt grading 1.46% Li₂O (107,599t LCE) in the M&I category and 0.42Mt grading 1.48% Li₂O (15,168t LCE) in the Inferred category (reported in June 2023). These deposits are located within the Company's Itinga group of properties, within the same area 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 1993.
The Bandeira mineral resource formed the basis of a Preliminary Economic Assessment, completed in October 2023, which supports a long-life and low-cost spodumene concentrate mining project with a post-tax Net Present Value (“NPV”)8% of US$1.6 billion (~C$2.2 billion) and an Internal Rate of Return (“IRR”) of 121%. A Definitive Feasibility Study is currently underway and expected to be completed in early 2024.
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.