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Lithium Ionic Reports Significant Engineering and Commercial Progress at Bandeira
Globenewswire· 2026-02-12 12:00
Core Insights - Lithium Ionic Corp. is advancing its Bandeira Lithium Project towards construction readiness amid a strengthening lithium market, with a focus on disciplined delivery and securing commercial partnerships [3][21]. Engineering and Development Progress - The overall engineering for the Bandeira Project is currently 48% complete, with basic plant engineering finalized and primary civil engineering also completed [4][7]. - Detailed engineering for raw water services and drainage is nearing completion, while mine access and site infrastructure engineering are progressing well [5][7]. - The project has entered a structured procurement phase, with 23% of infrastructure procurement packages tendered to support execution [9]. Offtake and Financing - Lithium Ionic is in advanced discussions for offtake agreements with parties in North America, Europe, China, and Japan, with multiple term sheets received and binding agreements expected soon [10][11]. - The company aims to secure a financing-ready offtake agreement to support project debt, aligning offtake negotiations with project financing discussions [11]. Team and Technical Enhancements - The company is enhancing its leadership and technical capacity by adding key personnel, including a Director of ESG and Permitting, and a Community Relations Manager [12][13]. - Independent technical support has been expanded through engagements with specialists and consulting firms to bolster underground mine design and engineering disciplines [14][15]. Environmental and Regulatory Updates - Lithium Ionic is integrating ESG principles into the project, focusing on minimizing environmental impact and optimizing resource use [16]. - The company submitted its environmental licensing application in January 2024, receiving a favorable technical opinion from the State Foundation for the Environment (FEAM) in February 2025 [17][18]. - The environmental permitting process is ongoing, with all requirements being addressed under Brazil's new Environmental Permitting Law enacted in February 2026 [19]. Market Conditions - The lithium market has seen a significant rebound, with the price of spodumene concentrate increasing by over 125% from approximately US$800/t in September 2025 to over US$1,800/t in February 2026 [21]. - This price increase enhances the project's economic viability and reflects a supportive market backdrop for lithium production [21][22].
NetraMark Strengthens Board Of Directors
Globenewswire· 2026-01-29 13:30
Core Viewpoint - NetraMark Holdings Inc. has announced the appointment of Lawrence Guy to its Board of Directors, enhancing the Board's expertise in capital markets and investment management [1][2]. Group 1: Board Appointment - Lawrence Guy's appointment is expected to strengthen the Board with his extensive experience in capital markets, investment management, and public-company governance [2]. - Mr. Guy is currently a Managing Director at Next Edge Capital, focusing on strategic partnerships and evaluating new investment opportunities [2]. - His previous roles include Vice President at Purpose Investments and Portfolio Manager at Aston Hill Financial Inc., showcasing a strong background in financial leadership and corporate development [3]. Group 2: Educational Background and Current Roles - Mr. Guy holds a BA in Economics from the University of Western Ontario and is a Chartered Financial Analyst [4]. - He currently serves as a director for several companies, including Emerita Resources Corp., Lithium Ionic Corp., Nobel Resources Corp., and Halcones Precious Metals Corp. [4]. Group 3: Company Overview - NetraMark is focused on developing Generative Artificial Intelligence (Gen AI) and Machine Learning (ML) solutions for the pharmaceutical industry [5]. - The company's innovative topology-based algorithm allows for the parsing of patient data into relevant subsets, enabling accurate disease segmentation and patient classification for drug sensitivity and treatment efficacy [5].
Lithium Ionic: 2025 Year in Review – Advancing Toward Construction in Brazil’s Lithium Valley
Globenewswire· 2026-01-14 12:00
Core Viewpoint - Lithium Ionic Corp. has made significant progress in 2025, positioning itself for a successful transition into construction of its Bandeira Lithium Project in 2026, with a focus on permitting, engineering, and financing [2][3][20] Group 1: 2025 Highlights - The year 2025 saw substantial mineral resource growth, establishing Lithium Ionic as a leading hard-rock lithium developer in Brazil's Lithium Valley [4] - The company reported consolidated global mineral resources of 36.76 million tonnes grading 1.31% Li₂O in the Measured & Indicated category and an additional 31.87 million tonnes grading 1.19% Li₂O in the Inferred category [5] - The Bandeira Project's updated mineral resource estimate showed 27.27 million tonnes Measured & Indicated at 1.34% Li₂O and 18.55 million tonnes Inferred at 1.34% Li₂O, marking a 30% increase in Measured & Indicated tonnage compared to the previous year [6][7] Group 2: Project Development and Feasibility - An optimized Feasibility Study delivered in September 2025 highlighted Bandeira as one of the lowest-cost hard-rock spodumene projects globally, with a post-tax NPV(8%) of US$1.45 billion and a post-tax IRR of 61% [12][18] - Initial CAPEX was reduced to US$191 million, down approximately 28% from the prior study, and site operating costs are projected at US$378 per tonne of spodumene concentrate [18] - The company engaged RTEK International DMCC as a strategic advisor to enhance construction readiness and operational execution at Bandeira [11] Group 3: ESG and Permitting - The appointment of Flávia Veronese as Director of ESG strengthened the company's leadership in environmental, social, and governance initiatives, particularly in the permitting process for the Bandeira Project [14] - The company views recent environmental permitting discussions as constructive, enhancing clarity and confidence in the permitting framework for Bandeira and other assets [15] Group 4: Financial Position and Strategic Moves - In late 2025, Lithium Ionic closed an oversubscribed private placement totaling $18.3 million, significantly strengthening its balance sheet and supporting ongoing development activities [16] - The company terminated the K2 Option Agreement to focus on its most advanced and value-accretive assets, including the Bandeira Project [21][23] Group 5: 2026 Outlook - The company aims to complete the final steps required to transition the Bandeira Project into construction, with key priorities including advancing the permitting process and finalizing project financing [19][20]
Lithium Ionic: 2025 Year in Review – Advancing Toward Construction in Brazil's Lithium Valley
Globenewswire· 2026-01-14 12:00
Core Insights - Lithium Ionic Corp. has made significant progress in 2025, focusing on advancing its flagship Bandeira Lithium Project towards construction in 2026 [2][3][20] Group 1: 2025 Highlights - The company achieved meaningful mineral resource growth, establishing itself as one of the largest hard-rock lithium developers in Brazil's Lithium Valley [4] - Consolidated global mineral resources now total 36.76 million tonnes grading 1.31% Li₂O in the Measured & Indicated category, and an additional 31.87 million tonnes grading 1.19% Li₂O in the Inferred category [5] - The Bandeira Project's updated mineral resource estimate includes 27.27 million tonnes Measured & Indicated at 1.34% Li₂O and 18.55 million tonnes Inferred at 1.34% Li₂O, representing a 30% increase in Measured & Indicated tonnage compared to the previous feasibility study [6][7] Group 2: Technical Advancements - The optimized feasibility study delivered in September 2025 extended the mine life to 18.5 years and improved project economics, with a post-tax NPV(8%) of US$1.45 billion and a post-tax IRR of 61% [18] - The company engaged RTEK International DMCC as a strategic advisor to enhance construction readiness and operational execution at the Bandeira Project [11] - By year-end 2025, approximately 38% of all engineering activities were completed, further strengthening execution readiness [12] Group 3: ESG and Permitting - The appointment of Flávia Veronese as Director of ESG aims to strengthen the company's environmental, social, and governance initiatives, particularly in the permitting process for the Bandeira Project [14] - The company views recent environmental permitting discussions as constructive, enhancing clarity and confidence in the permitting framework [15] Group 4: Financial Position - In late 2025, Lithium Ionic closed an oversubscribed private placement totaling $18.3 million, significantly strengthening its balance sheet for advancing key pre-development activities [16] - The company is focused on finalizing project financing and advancing permitting processes as it prepares for construction readiness [19] Group 5: Strategic Decisions - The company terminated the K2 Option Agreement to prioritize its most advanced and value-accretive assets, including the Bandeira Project [21][23] - A total of 9,800,000 restricted share units were issued to certain directors and officers, subject to TSX Venture Exchange approval [24]
Lithium Ionic Files NI 43-101 Technical Report for the Updated Bandeira Lithium Project Feasibility Study
Globenewswire· 2025-10-31 22:30
Core Viewpoint - Lithium Ionic Corp. has filed an independent NI 43-101 compliant technical report for the Bandeira Lithium Project, indicating progress in the project's development and feasibility study [1][2]. Group 1: Technical Report Details - The 2025 Bandeira Technical Report was prepared by qualified consulting groups RTEK, GE21, and L&M, ensuring compliance with National Instrument 43-101 standards [2]. - The report is available on the company's website and SEDAR+ for public access [2]. Group 2: Qualified Persons - A list of Qualified Persons (QPs) who contributed to the report is provided, confirming their independence and expertise in the field [3][4]. - Each QP has reviewed and approved the contents of the news release, ensuring accuracy and reliability [3]. Group 3: Compensation and Agreements - The company issued 7,430,305 common shares to RTEK as compensation for technical and strategic advisory services related to the feasibility study [5]. - This issuance has received approval from the TSX Venture Exchange, indicating regulatory compliance [5]. Group 4: Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly in the Minas Gerais state [6]. - The company's flagship projects, Itinga and Salinas, cover 11,684 hectares in a region recognized as a world-class hard-rock lithium district [6].
Lithium Ionic Announces Closing of Final Tranche of Oversubscribed Non-Brokered Private Placement
Globenewswire· 2025-10-03 11:00
Core Points - Lithium Ionic Corp. has successfully closed the second tranche of its non-brokered private placement financing, raising a total of $18,263,091 from the issuance of 26,090,130 units at a price of $0.70 per unit [1][2] - The proceeds from the offering will be utilized for the development of the company's Brazilian properties and for general corporate purposes [2] Financing Details - The second tranche consisted of 7,739,989 units, generating gross proceeds of $5,417,992 [1] - Each unit includes one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months [2] Insider Participation - Certain insiders acquired 947,929 units in the second tranche, which is classified as a related party transaction [4] - This insider participation is exempt from formal valuation and minority shareholder approval requirements as it does not exceed 25% of the company's market capitalization [4] Regulatory Compliance - The securities issued are subject to a four-month hold period under applicable securities laws and require approval from the TSX Venture Exchange [3] Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly in the northeastern part of Minas Gerais state [7] - The company's flagship projects, Itinga and Salinas, cover 14,668 hectares in a region recognized as a world-class hard-rock lithium district [7]
Lithium Ionic Closes First Tranche of Oversubscribed $15M Non-brokered Private Placement
Globenewswire· 2025-09-29 11:00
Core Viewpoint - Lithium Ionic Corp. has successfully closed the first tranche of a non-brokered private placement financing, raising gross proceeds of approximately $12.85 million, and has upsized the offering to a total of up to $18.26 million [1][3]. Financing Details - The first tranche consisted of 18,350,141 units priced at $0.70 per unit, with the upsized offering now comprising up to 26,080,141 units at the same price [1][3]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months [2]. Strategic Backing and Use of Proceeds - The upsized offering is supported by industry leader Martin Rowley and RTEK International DMCC, a team of experienced lithium veterans [3]. - The net proceeds from the offering will be utilized for the development of the company's Brazilian properties and for general corporate purposes [3]. Regulatory and Insider Participation - The securities issued are subject to a four-month hold period and require necessary approvals, including from the TSX Venture Exchange [4]. - Certain insiders are expected to acquire 912,179 units in the offering, which will be classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [5]. Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly the Itinga and Salinas projects, which cover 14,668 hectares in a promising mining region [7].
Lithium Ionic Announces Upsize of Non-Brokered Private Placement to $15 Million
Globenewswire· 2025-09-25 16:09
Core Viewpoint - Lithium Ionic Corp. has announced an upsized non-brokered private placement due to strong investor demand, aiming to raise up to $15 million through the issuance of units priced at $0.70 each [2][4]. Group 1: Offering Details - The upsized offering will consist of up to 21,428,571 units, each comprising one common share and one warrant [2][3]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.90 for a period of 24 months following the offering's completion [3]. - The first tranche of the offering is expected to close around September 29, 2025, pending necessary approvals [4]. Group 2: Use of Proceeds - The net proceeds from the upsized offering will be allocated for exploration and development of the company's Brazilian properties, as well as for general corporate purposes [4]. Group 3: Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, particularly the Itinga and Salinas projects, which cover 14,668 hectares in a promising mining region [6]. - The Itinga Project is located near established lithium operations, including CBL's Cachoeira lithium mine and Sigma Lithium Corp.'s Grota do Cirilo project, which is noted for hosting the largest hard-rock lithium deposit in the Americas [6].
Lithium Ionic Announces $10M Non-brokered Private Placement Backed by Martin Rowley, RTEK and Key Strategic Shareholders
Globenewswire· 2025-09-22 21:00
Core Viewpoint - Lithium Ionic Corp. is conducting a non-brokered private placement financing of 14,285,714 units at $0.70 per unit, aiming for gross proceeds of $10 million, which is supported by industry leaders and strategic shareholders, indicating strong confidence in the company's growth strategy and potential as a near-term lithium producer in Brazil's "Lithium Valley" [1][2]. Group 1: Financing Details - The Offering consists of 14,285,714 units priced at $0.70 each, totaling gross proceeds of $10 million [1]. - Each unit includes one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months post-offering [3]. - The Offering is expected to close around September 29, 2025, pending necessary approvals [4]. Group 2: Leadership and Support - Martin Rowley, a prominent figure in the lithium industry with over 40 years of experience, is backing the Offering, having co-founded First Quantum Minerals and served in leadership roles at several lithium companies [1]. - RTEK International DMCC, engaged as strategic advisors since April 2025, comprises a team with over 80 years of combined experience in lithium projects, further validating the quality of Lithium Ionic's Bandeira Project [2]. Group 3: Company Overview - Lithium Ionic Corp. is a Canadian mining company focused on exploring and developing lithium properties in Brazil, with flagship projects covering 14,668 hectares in Minas Gerais state [6]. - The Itinga Project is located near established lithium operations, including CBL's Cachoeira lithium mine and Sigma Lithium Corp.'s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas [7].
Lithium Ionic Announces Definitive Feasibility Study Results for Bandeira Lithium Project, Minas Gerais, Brazil
Globenewswire· 2025-09-17 11:00
Core Insights - The updated Feasibility Study for the Bandeira Lithium Project demonstrates a longer mine life, lower capital costs, and stronger project economics, positioning it as one of the lowest-cost hard rock spodumene projects globally [1][10][35] Project Economics - Post-tax NPV at 8% is improved to US$1.45 billion from US$1.31 billion in the previous study, with a post-tax IRR increasing to 61% from 40% [6][32] - The payback period has been reduced to 2.2 years from 3.4 years, indicating a quicker return on investment [6][32] - Average annual gross revenue over the life of the mine is projected at US$343 million, down from US$417 million in the prior study [6][32] Capital and Operating Costs - Initial capital expenditures (CAPEX) have been reduced by approximately 28% to US$191 million from US$266 million [6][27] - Site operating costs are estimated at US$378 per tonne of spodumene concentrate produced, which is competitive within the global lithium industry [6][29] Mine Life and Production - The mine life has been extended to 18.5 years from 14 years, supported by a 6 million tonne increase in proven and probable reserves [6][11] - Total life-of-mine production is projected at 23.2 million tonnes, with an average annual production rate of 177,000 tonnes of spodumene concentrate [6][38] Environmental and Operational Design - The project incorporates responsible environmental design, including a long-term underground mining strategy to minimize land disturbance and water consumption [9][10] - The processing plant design utilizes proven technology and modular components to reduce costs and enhance operational efficiency [9][23] Infrastructure and Location - The Bandeira property is located in Brazil's Lithium Valley, an area known for its high-quality spodumene concentrate production [1][14] - The project benefits from excellent local infrastructure, including proximity to major highways and a key logistical port for exporting lithium concentrate [15][16] Regulatory and Permitting Status - The project is advancing through the permitting process, with a positive technical endorsement received from the Minas Gerais State Secretariat for the Environment [42][43] - Ongoing engagement with regulatory agencies and community stakeholders is aimed at ensuring compliance and addressing evolving expectations [43][44]