Life Time (US:LTH) Globenewswireยท2025-04-02 13:09Core Viewpoint - Lithium Ionic Corp. has engaged RTEK International DMCC as a strategic advisor to accelerate the development of its Bandeira Lithium Project in Brazil's Lithium Valley, transitioning from feasibility to construction and operations [1][13]. Company Overview - Lithium Ionic is a Canadian mining company focused on exploring and developing lithium properties in Brazil, with its Bandeira Project positioned in a promising lithium district [15]. RTEK's Expertise - RTEK is recognized for its extensive technical and operational expertise in the lithium sector, boasting over 80 years of combined experience in various aspects of lithium project execution [2][3]. - The RTEK team includes industry veterans with proven track records in optimizing project timelines and reducing capital intensity, which will be crucial for the Bandeira Project [2][5]. Project Development Strategy - RTEK will conduct a detailed review of Lithium Ionic's NI 43-101 Feasibility Study to identify optimization opportunities in plant and mine design, aiming to reduce CAPEX and OPEX while compressing the development timeline [3][10]. - The partnership will also focus on developing a comprehensive operational strategy, including process optimization and overseeing ramp-up activities for production performance [4][10]. Leadership Changes - Lithium Ionic has appointed Mike Westendorf as Chief Operating Officer, who has over two decades of experience in the mining industry and has significantly contributed to advancing the Bandeira Project [14]. Financial Considerations - The RTEK Agreement includes provisions for cash payments and potential share compensation based on achieving specific operational milestones, such as reducing project CAPEX [11][12]. Project Potential - The Bandeira Project is rapidly emerging as one of Brazil's most promising lithium assets, with a robust feasibility study indicating strong economics and a near-term path to production [13].