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Lithium Ionic Corp. (LTHCF) is a leading company specializing in the extraction and production of high-quality lithium products. Their Bandeira Definitive Feasibility Study has resulted in positive outcomes for their mining operations and mineral processing. With an estimated initial capital cost of $266 million and a sustainable capital projection of $81.4 million over a 14-year mine life, the company is set to bolster its presence in the market. The company's forward-thinking approach and dedication to project advancement and optimization make them a formidable player in the industry.
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Lithium Ionic Corp. announces exceptional drill results from Bandeira in Minas Gerais, Brazil, with high-grade lithium intercepts. The results include 1.25% Li2O over 49.8m, 1.46% Li2O over 40m, 1.86% Li2O over 24.1m, and 2.13% Li2O over 20.4m. These results, not included in the latest mineral resource estimate, demonstrate the potential for further project expansion. The Feasibility Study for Bandeira is nearing completion, with a focus on advancing the project towards production. A Preliminary Economic Assessment supports the viability of the project, with a post-tax NPV 8% of US$1.6 billion and an IRR of 121%. The Company expects LAC approval in early Q3 2024, paving the way for construction to begin.
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Lithium Ionic Corp. reports excellent drill results from the Noé target at the Salinas Lithium Project, including high-grade intercepts like 1.53% Li2O over 15m. The Noé target shows potential for significant mineral growth, not included in the previous mineral resource estimate. The company is confident in Salinas becoming a cornerstone asset in its portfolio.
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Lithium Ionic Corp. reports a 26% increase in global mineral resources to 60.1Mt, with Bandeira Project contributing significantly. The MRE reveals Measured and Indicated resources of 23.68Mt and Inferred resources of 18.25Mt, positioning the company as a major lithium producer in Brazil.
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Lithium Ionic Corp. announces a 45% increase in global mineral resources through an initial NI 43-101 compliant Mineral Resource Estimate for its Salinas Lithium Project. The MRE showcases significant growth, with Measured and Indicated resources of 5.86Mt at 1.09% Li₂O and Inferred resources of 8.90Mt at 0.97% Li₂O, totaling 14.76Mt. The Company plans to expedite the Preliminary Economic Assessment at Salinas and anticipates completion by H2 2024, with further exploration ongoing throughout 2024.
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Lithium Ionic Corp. reports amendments to purchase agreements for Itinga properties in Brazil. The company's Brazilian subsidiary, MGLIT, has options to acquire 100% equity in Vale do Lítio Mineração Ltda. and Borges mining claims. Payments and deadlines for acquisitions are detailed in the PR.
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Lithium Ionic Corp. releases its 2023 Sustainability Report and ONYEN ESG Scorecard, showcasing its commitment to ESG practices and sustainability. The reports highlight the company's achievements, future goals, and initiatives towards environmental, social, and governance responsibilities.
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Lithium Ionic Corp. reports significant assay results from the Salinas Lithium Project, extending mineralization at least 250 meters along strike. The Company continues to expand the scale of mineralization at all its properties, aiming to become a key player in the global lithium supply chain. The results confirm and extend known pegmatites by at least 250 meters to the SW with high-grade lithium oxide results. A new high-grade pegmatite dike has been discovered, boosting the potential of the Salinas Project to host large scale spodumene pegmatite mineralization. Lithium Ionic acquired the Salinas group of properties in early 2023 and began selectively drilling the area in May 2023. Four drills are currently operating at Salinas, one of several targets actively being explored as part of a 50,000-metre drill program planned for 2024.
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Lithium Ionic Corp. appoints Mike Westendorf as Vice President of Technical Services, leveraging his extensive experience in mining operations and project development. Westendorf's background in improving production, executing capital upgrades, and reducing costs at Copper Mountain Mining Corp. makes him a valuable addition to Lithium Ionic's team. His appointment aims to advance the Bandeira lithium project towards production and optimize the operation in Brazil.
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Lithium Ionic Corp. reports new assay results for 16 drill holes from its Feasibility-stage Bandeira Lithium Project situated in northern Minas Gerais State, Brazil. The updated NI 43-101 mineral resource estimate for Bandeira is underway as part a Feasibility Study, which is on track for completion this quarter. The property hosts a NI 43-101 compliant mineral resource estimate of 13.72Mt grading 1.40% Li2O in the Measured and Indicated category, in addition to 15.79Mt grading 1.34% Li2O in the Inferred category. A NI 43-101 compliant Feasibility Study for Bandeira, including an updated MRE, is progressing well and on track for completion this quarter. The Company submitted its application for a Concomitant Environmental and Installation License to the State of Minas Gerais, who have recognized its properties as “priority projects”. The LAC approval, anticipated in mid-2024, would result in the environmental and social license together with an authorization to begin construction.
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Lithium Ionic Corp. (LTH) Assay Results from Salinas Lithium Project Show Positive Intercepts
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FAQ
What is the current stock price of LITHIUM IONIC (LTHCF)?
The current stock price of LITHIUM IONIC (LTHCF) is $0.53 as of December 20, 2024.
What is the market cap of LITHIUM IONIC (LTHCF)?
The market cap of LITHIUM IONIC (LTHCF) is approximately 90.5M.
What is Lithium Ionic Corp. known for?
Lithium Ionic Corp. specializes in the extraction and production of top-notch lithium products.
What are the key findings of the Bandeira Definitive Feasibility Study?
The study has yielded positive results for the company's mining operations and mineral processing.
What is the estimated initial capital cost for the Bandeira Project?
The initial capital cost is estimated at $266 million with a 15% contingency of $33.7 million.
How long is the projected mine life for the Bandeira Project?
The mine life is projected at 14 years with a sustainable capital projection of $81.4 million.
What sets Lithium Ionic Corp. apart from its competitors?
The company's forward-thinking approach, dedication to project advancement, and optimization opportunities make them a key player in the industry.
What is the focus of Lithium Ionic Corp.'s operations?
The company focuses on the extraction and production of high-quality lithium products.
What recent achievements has Lithium Ionic Corp. made?
The Bandeira Definitive Feasibility Study has been a significant milestone for the company, showcasing positive outcomes for its operations.
What is the significance of the Bandeira Project for Lithium Ionic Corp.?
The Bandeira Project represents a strategic endeavour for the company, with promising results that highlight its potential for growth and success.
How does Lithium Ionic Corp. approach project optimization?
The company is dedicated to identifying and capitalizing on project advancement and optimization opportunities to enhance its operations and market position.
How does the company contribute to the lithium industry?
Lithium Ionic Corp. plays a vital role in the lithium industry by focusing on excellence in extraction, production, and project development, ensuring high-quality products and sustainable growth.
Who are the key contributors to the Bandeira Definitive Feasibility Study?
The feasibility study contributors have played a crucial role in assessing and analyzing the results, providing valuable insights that have shaped the company's strategic direction and operational decisions.
LITHIUM IONIC CORP
OTC:LTHCF
LTHCF Rankings
LTHCF Stock Data
90.47M
90.75M
16.14%
12.69%
Other Industrial Metals & Mining
Basic Materials
United States of America
Toronto