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About Us

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.

The Bandeira Feasibility Study, completed in May 2024, supports a robust project with strong economic viability, featuring a small footprint underground mine, an efficient and straightforward processing circuit, and a safe, sustainable dry stack tailings facility. The study demonstrates a 14-year, low-cost mining operation producing 178,000tpa of high-quality spodumene concentrate (5.5% Li2O), resulting in a post-tax NPV8 of US$1.3B and an IRR of 40%.

The Feasibility Study was based on a Mineral Resource estimate of 20.95Mt grading 1.35% Li2O (697kt LCE) M&I, in addition to 16.91Mt grading 1.40% Li2O (584kt LCE) Inferred, with a data cut-off of November 13, 2023.

In April 12, 2024, the Company reported an updated NI 43-101 mineral resource estimate for Bandeira of 23.68Mt grading 1.34% Li2O (783kt LCE) M&I, with an additional 18.25Mt grading 1.37% Li2O (617kt LCE) Inferred, which was based on 233 drill holes, or 50,760 metres, drilled between April 2022 and March 2024. The inclusion of the larger April 2024 MRE, as well as the additional drilling completed after the March 2024 data cut-off represents important future upside to the Project. The mine plan will be updated to incorporate the expanded mineral resource estimate in the next phase of project development.

In addition to Bandeira, the Company has established two other mineral resource estimates: the Salinas and Outro Lado deposits.

Salinas hosts 5.86 million tonnes (“Mt”) at an average grade of 1.09% Li₂O in the Measured and Indicated category, with an additional 8.90Mt of Inferred grading 0.97% Li₂O, for a total of 14.76Mt (reported in April 2024).

Outro Lado hosts 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).

Bandeira is located in the same district as Sigma Lithium Corp.’s Grota do Cirilo project, among the largest lithium producers globally, as well as CBL’s Cachoeira mine, an underground lithium mine that has been producing since 1993.

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.

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