After increasing its total resource tonnage by 32%, the Baixa Grande project "is proving to be an attractive long-term production option" for Lithium Ionic Corp. (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE), Canaccord Capital Markets Analyst Katie Lachapelle said in an updated research note.
This near-term producer has potential financing in place to advance its project in Brazil, where it continues to expand the mineral resource, noted a Canaccord Genuity report.
Lithium Ionic Corp. (TSX-V: LTH; OTCQX: LTHCF; FSE: H3N) recently reported it had received approval for the Final Exploration Reports for its Bandeira and Outro Lado lithium properties, according to a Canaccord Genuity research note.