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. (OTCQB: IONGF) generates news that reflects its activities as a lithium-focused exploration and development company in the basic materials sector. The company regularly issues updates on its lithium brine projects in Mongolia, including the Baavhai Uul flagship project and the Urgakh Naran licence in Dorngovi Province, as well as its Bliss Lake and Little Nahani projects in the Northwest Territories, Canada.
News releases for Lithium ION Energy often cover project-level developments, such as joint venture agreements and strategic partnerships. For example, the company has announced a binding Joint Venture Agreement with SureFQ Ltd. for the advancement of the Urgakh Naran project, under which it retains a 20% free carried interest through commercial production, receives cash consideration over several years, benefits from development expenditures, and maintains a net smelter return royalty. The company has also reported on the formalization of its 20% interest in the Victory Nickel Project in Mongolia through a joint venture with Aranjin Resources Ltd.
Another recurring theme in Lithium ION Energy’s news is corporate finance and capital structure activity. The company has disclosed multiple debt settlement agreements involving the issuance of common shares, private placements of convertible debentures and units, and the extension of common share purchase warrants. These announcements typically outline the terms of the securities, intended use of proceeds, and required TSX Venture Exchange approvals.
Investors following IONGF news will also find corporate updates on leadership changes, board appointments, and restructuring initiatives, including the appointment of an interim chief executive officer and board refresh as part of a corporate restructuring. In addition, the company has reported on a contemplated business combination with United Rare Earths Ltd. via a letter of intent and later confirmed that it is no longer pursuing that transaction.
This news page brings together these project, financing, and corporate governance updates so readers can review how Lithium ION Energy is advancing its lithium and related mineral interests over time.
Lithium ION Energy (TSXV: IONGF) announced a corporate restructuring and a non-brokered private placement of up to 15,000,000 Units at $0.04 per Unit to raise up to $600,000, with a firm commitment of $400,000 from director Bataa Tumur-Ochir. Each Unit includes one common share and one warrant exercisable at $0.05 for 24 months. Proceeds will fund the exploration portfolio and general working capital. Securities will carry a statutory hold period of 4 months plus 1 day and closing is subject to TSXV and other regulatory approvals. The company also announced board resignations and named Sreenath Didugu as Interim CEO.
Lithium ION Energy (TSXV: ION) has announced two significant developments: the results of its Annual General and Special Meeting and an update on its joint venture agreement with SureFQ Ltd for the Urgakh Naran Project in Mongolia.
At the Meeting, shareholders approved all matters, including the reappointment of board members and the transformational joint venture agreement. Under the JV terms, ION will maintain a 20% free carried interest in the Urgakh Naran Project through commercial production in exchange for USD$5.5 million in cash payments over 4.5 years and USD$8 million in development expenditures over 4 years. The TSX-V has granted conditional acceptance of the agreement, pending final approval.
Lithium ION Energy (TSXV: ION) has completed two significant transactions: a debt settlement and a strategic joint venture agreement for its Urgakh Naran project in Mongolia. The company settled $120,000 in debt by issuing 3 million common shares at $0.04 per share to non-arm's length creditors.
In the joint venture with SureFQ Ltd., ION will maintain a 20% free carried interest through commercial production, receiving USD$5.5 million in cash over 4.5 years and USD$8 million in development expenditures over 4 years. The transaction requires shareholder approval at the August 26, 2025 Annual General Meeting.
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.
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