Canadian Investment Regulatory Organization Trade Resumption - LTH

Canadian Investment Regulatory Organization Trade Resumption - LTH

Trading resumes in:

Company: Lithium Ionic Corp.

TSX-Venture Symbol: LTH

All Issues: Yes

Resumption (ET): 11:30 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Cision View original content: http://www.newswire.ca/en/releases/archive/May2024/29/c1914.html

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Lithium Ionic Announces Closing of Over-Subscribed Premium to Market Private Placement With Strategic Shareholders

Lithium Ionic Announces Closing of Over-Subscribed Premium to Market Private Placement With Strategic Shareholders

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Lithium Ionic Corp. ( TSXV: LTH; OTCQX: LTHCF; FSE: H3N ) (" Lithium Ionic " or the " Company ") announces the closing, on an oversubscribed basis, of its previously announced non-brokered private placement offering (the " Offering ") led by long-term strategic shareholders, Fourth Sail Capital and the PowerOne Capital Group.

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Lithium Ionic Announces $15M Premium to Market Private Placement With Strategic Shareholders

Lithium Ionic Announces $15M Premium to Market Private Placement With Strategic Shareholders

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Lithium Ionic Corp. ( TSXV: LTH; OTCQX: LTHCF; FSE: H3N ) ("Lithium Ionic" or the "Company") announces a non-brokered private placement financing of 16,666,666 units (the " Units ") at $0.90 per Unit for gross proceeds of $15,000,000 (the " Offering ") with long-term strategic shareholders of the Company that are supportive of the Company's strategy to become a near-term lithium producer in Brazil's ‘Lithium Valley', a region of global significance for hard-rock lithium production.

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Lithium Ionic Signs Agreement to Acquire Remaining 15% of Salinas Properties, Minas Gerais, Brazil

Lithium Ionic Signs Agreement to Acquire Remaining 15% of Salinas Properties, Minas Gerais, Brazil

Lithium Ionic Corp. ( TSXV: LTH; OTCQX: LTHCF; FSE: H3N ) ("Lithium Ionic" or the "Company") reports that its wholly owned subsidiary, Neolit Minerals Participações Ltda ("Neolit"), has entered into a binding agreement (the "Agreement") to acquire the remaining 15% of select Salinas properties ("Salinas" or the "Project"), located within the Curralinho Pegmatite Field of the lithium-rich Araçuaí Pegmatite District, in Minas Gerais, Brazil (the "Transaction"). Upon closing of the Agreement, Lithium Ionic will own 100% of all the Salinas group of properties (See Figure 1).

As consideration pursuant to the Transaction, the Company shall make the following payments to the vendor:

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Lithium Ionic Announces Binding Term Sheet for US$20 Million Royalty Financing with Appian

Lithium Ionic Announces Binding Term Sheet for US$20 Million Royalty Financing with Appian

Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) ("Lithium Ionic" or the "Company"), is pleased to announce that it has executed a binding term sheet (the "Term Sheet") with Appian Capital Advisory LLP ("Appian") to sell a 2.25% gross revenue royalty on its Bandeira Deposit in exchange for an upfront cash consideration of US$20,000,000 (the "Royalty"). Appian is an investment advisor to long-term, value-focused private capital funds that invest solely in mining and mining-related companies.

Lithium Ionic intends to use the proceeds of the Royalty to further advance the development and construction of its world-class Bandeira Lithium Project ("Bandeira" or the "Project"), located within the Lithium Valley in Minas Gerais State, Brazil. The Lithium Valley is a unique geological belt that hosts a significant concentration of lithium-bearing pegmatites and has emerged as a globally significant lithium production center. On May 29, 2024 , the Company announced Feasibility Study results for Bandeira supporting a 14-year, low-cost mining operation producing 178,000tpa of high-quality spodumene concentrate (5.5% Li2O), resulting in a post-tax NPV8 of US$1.3B and an IRR of 40%.

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Lithium Ionic Announces Feasibility Study Results for the Bandeira Lithium Project, Minas Gerais, Brazil

Lithium Ionic Announces Feasibility Study Results for the Bandeira Lithium Project, Minas Gerais, Brazil

  • 178,000tpa of spodumene concentrate production (5.5% Li 2 O)
  • 14-year mine life
  • After-tax NPV 8 of US$1.3B; IRR of 40%
  • All-in operating costs of $444/t SC5.5

*All amounts expressed in U.S. dollars unless otherwise noted

Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) ("Lithium Ionic" or the "Company") is pleased to announce the results of a Feasibility Study ("FS" or "Study") for its 100%-owned Bandeira Lithium Project ("Bandeira" or the "Project") located in Minas Gerais, Brazil. The Bandeira claims span 157 hectares, which represents only about 1% of Lithium Ionic's extensive 14,182-hectare land package in Brazil's 'Lithium Valley', a region of global significance for hard-rock lithium production.

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