The company’s Bandeira Lithium Project produces 178,000 tons per year of high-grade spodumene concentrate containing 5.5% Li2O using advanced extraction and mineral processing techniques. A feasibility study completed in 2024 projects a 14-year operational lifespan, after-tax NPV of US$1.3 billion and a 40% IRR, demonstrating strong economic viability while maintaining environmental standards.
Spodumene concentrate (5.5% Li2O) from the Bandeira Lithium Project, 178,000 tpy capacity, serving as a raw material for lithium-ion battery manufacturing in electric vehicles.
Bandeira Lithium Project: secured non-binding LOI from U.S. Export-Import Bank for up to US$266 million in debt financing and US$20 million in non-dilutive royalty financing in 2024; Baixa Grande project maiden resource estimate of 14.76 million tonnes in 2024 with environmental initiative planting over 2,000 native seedlings.
Appian Capital Advisory LLP acquired a 2.3% gross revenue royalty on the Bandeira Deposit for US$20M; the Export-Import Bank of the United States committed up to US$266M in debt financing; BMO Capital Markets serves as financial advisor; Bennett Jones LLP serves as legal counsel; the company trades on the TSXV (LTH), OTCQX (LTHCF) and Frankfurt Stock Exchange (H3N).
