Lithium Ionic says 2026 focused on ‘transitioning to execution’

Group 1 - The company is focused on transitioning the Bandeira Project into construction by completing key steps such as advancing the permitting process and finalizing project financing strategies [1] - Key priorities include progressing offtake discussions to final terms and completing detailed engineering, alongside preparing for construction readiness through pre-development activities [1] - The initiatives represent the final phase of de-risking for the Bandeira Project, positioning the company as a near-term, low-cost lithium producer in Brazil's Lithium Valley [1] Group 2 - The company has terminated the option agreement with K2 Mineracao e Exportacao EIRELI and others, which covered certain mineral claims in Brazil [1] - The termination reflects the company's focus on disciplined capital allocation and prioritizing its most advanced and value-accretive assets [1] - The company has divested its minority interests in special purpose companies associated with the terminated K2 Option Agreement, completing its withdrawal from the transaction [1]