Welcome to our dedicated page for Lithium ION Energy news (Ticker: IONGF), a resource for investors and traders seeking the latest updates and insights on Lithium ION Energy stock.
Lithium ION Energy Ltd (IONGF) is a lithium exploration leader developing strategic brine projects critical to clean energy transition. This page serves as the definitive source for verified corporate announcements and operational updates.
Access official press releases covering resource development milestones, financial restructuring initiatives, and partnership developments in battery materials. Investors receive timely updates on Mongolian lithium brine projects, Canadian acquisitions, and capital management strategies.
All content undergoes strict verification to ensure accuracy and relevance for stakeholders. Bookmark this page for direct access to material developments affecting IONGF's position in the critical metals sector.
Lithium ION Energy (TSXV: ION) has entered into a binding Joint Venture Agreement with SureFQ for the Urgakh Naran lithium project in Mongolia. Key terms include:
- ION maintains 20% free carried interest through commercial production
- USD$5.5M cash payment to ION over 4.5 years
- USD$8.0M in development expenditure over 4 years
- 2.5% NSR retained by ION in perpetuity
Additionally, ION announced a debt settlement of $120,000 through the issuance of 3,000,000 common shares at $0.04 per share. The company has also terminated its previously announced business combination with United Rare Earths.
Lithium ION Energy (TSXV: ION) has entered into an LOI Agreement for a business combination with United Rare Earths (UnitedRE), a US-based rare earths recycling and refining company. UnitedRE has advanced discussions with a federal agency for non-recourse, non-dilutive funding and holds an MOU with a national laboratory. To support this development, ION Energy announced a non-brokered private placement of convertible debentures for US$2 million at 8% interest, convertible to shares at $0.10 per share. The debentures will mature in 24 months, with proceeds used for the business combination, technology development, and working capital.
Lithium ION Energy has completed debt settlement agreements with both arm's length and non-arm's length creditors.
The company settled a total debt of $98,419 by issuing 393,675 common shares at a price of $0.25 per share.
The shares are subject to a hold period of four months and one day, as per applicable securities laws and TSXV policies.
