Life Time (LTH) GlobeNewswire·2025-02-27 22:10Core Insights - Lithium Ionic Corp. has filed an independent NI 43-101 compliant technical report for its Baixa Grande Lithium Project in Brazil, which includes an updated Mineral Resource Estimate announced on January 14, 2025 [1][2] Summary by Sections Technical Report - The technical report, titled "Independent Technical Report on the Mineral Resource Estimate for the Baixa Grande Salinas Lithium Project, Minas Gerais, Brazil," was prepared by GE21 Consultoria Mineral Ltda. and has an effective date of December 2, 2024 [2] Mineral Resource Estimate - The report details a Mineral Resource Estimate comprising Measured and Indicated resources of 6.52 million tonnes (Mt) grading 1.11% Li₂O, equating to 179,580 tonnes of Lithium Carbonate Equivalent (LCE), and an additional 12.90 Mt in the Inferred category grading 0.96% Li₂O, amounting to 305,920 tonnes LCE. This represents approximately 30% of the Company's total global mineral resources of 64.7 Mt in Brazil's Lithium Valley [3] Project Significance - The Baixa Grande target, part of the Salinas group of properties acquired in March 2023, is considered one of the most promising projects in the Company's portfolio. The properties are located approximately 100 kilometers north of the Bandeira development project, within a region known for spodumene-bearing pegmatites [6] Market Context - In August 2024, Pilbara Minerals announced the acquisition of Latin Resources and their Colina deposit for AU369.4 million), located directly west of the Baixa Grande deposit, highlighting the competitiveness of Brazil's lithium deposits [7] Company Overview - Lithium Ionic is a Canadian mining company focused on exploring and developing lithium properties in Brazil, covering approximately 17,000 hectares in the northeastern part of Minas Gerais state, which is emerging as a world-class hard-rock lithium district [8]