Lithium Ionic Corp.

Mining & Refining

Lithium Ionic Corp., a Canadian mining company, explores and develops lithium in Brazil’s Lithium Valley. Its Bandeira Project produces high-grade spodumene concentrate for lithium-ion batteries used in electric vehicles, utilizing advanced extraction methods. The company focuses on sustainable lithium production through strategic land holdings and key partnerships.

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Lithium Ionic Corp. is a Canadian mining enterprise dedicated to lithium exploration and development in Brazil. Operating in the mineral-rich northeastern region of Minas Gerais State, known as Brazil’s ‘Lithium Valley’, the company focuses on producing high-quality lithium concentrate for the electric vehicle and battery industries. With approximately 17,000 hectares of land holdings in a well-established mining area, Lithium Ionic Corp. has positioned itself as an emerging force in sustainable lithium production. The company’s strategic location in a region with over 300 operational mines provides significant advantages in terms of infrastructure and operational efficiency.

Battery Technology

Lithium Ionic Corp.’s primary contribution to the battery market centers on its Bandeira Lithium Project, which is designed to produce 178,000 tons of spodumene concentrate annually, featuring a 5.5% lithium oxide (Li2O) content. This high-grade concentrate serves as an essential raw material for lithium-ion battery manufacturing, particularly in electric vehicle applications.

The company’s production process integrates advanced extraction methods to ensure consistent, high-quality output. Their technical approach includes sophisticated mineral processing techniques that maximize lithium recovery while maintaining environmental standards. The Bandeira project’s feasibility study, completed in May 2024, demonstrates a 14-year operational lifespan with an after-tax Net Present Value of US$1.3 billion and a 40% Internal Rate of Return, indicating strong economic viability.

Recent Projects

In 2024, Lithium Ionic achieved significant expansion through several initiatives. The company secured a non-binding Letter of Interest from the Export-Import Bank of the United States for up to $266 million in debt financing for the Bandeira project. Additionally, they obtained $20 million in non-dilutive royalty financing for early development activities.

The company’s Baixa Grande project (formerly Salinas) reached a milestone with its maiden mineral resource estimate of 14.76 million tonnes in April 2024. Environmental initiatives included planting over 2,000 native seedlings as part of their sustainability commitment.

Investors

Lithium Ionic has established strategic partnerships with notable financial institutions and advisors. Appian Capital Advisory LLP acquired a 2.25% gross revenue royalty on the Bandeira Deposit for US$20 million. BMO Capital Markets serves as the company’s financial advisor, while Bennett Jones LLP provides legal counsel. The company trades on multiple exchanges, including the TSX Venture Exchange (LTH), OTCQX (LTHCF), and Frankfurt Stock Exchange (H3N).