LTH:TSX.V; LTHCF:OTCQX; H3N:FSE

Lithium Ionic Corp.

Lithium Ionic is a near-term producer of high-quality, low-cost lithium concentrate in Brazil's "Lithium Valley", a region of global significance for hard-rock lithium production. Our claims span 14,182-hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction where +300 mines operate. In May 2024, a Feasibility Study on the Bandeira lithium deposit demonstrated 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%. Lithium Ionic is focused on generating significant value for its stakeholders by accelerating its highly scalable Bandeira towards production and supporting the global EV and battery supply chains.

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Surprising Lithium Find in Brazil's Eastern Pegmatite Province Redefines Resource Potential

Streetwise Reports (01/17/2025)

Lithium Ionic Corp. (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE) reports a 32% increase in lithium resources at its Baixa Grande project, reinforcing its strategic importance in Brazil's Eastern Pegmatite Province. Explore what this means for the company's growth and the region's potential.

Tags: Cobalt / Lithium / Manganese

Explorer Advances Strategic Lithium Asset in Brazil

Research Report

Katie Lachapelle (01/16/2025)

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.

Tags: Battery MetalsCobalt / Lithium / Manganese

Mining Company Expands Premium Lithium Resource in Brazil

Research Report

Cole McGill (01/15/2025)

Lithium Ionic Corp.'s (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE) announcement of a 32% increase to its Baixa Grande resource combined with recent M&A activity next door implies a strong valuation for the deposit, a Stifel analyst notes.

Tags: Cobalt / Lithium / ManganeseBattery Metals

Lithium Developer Reports Significant Resource Breakthrough

Research Report

Frederic Tremblay (01/16/2025)

A newly updated mineral resource estimate (MRE) for the Baixa Grande project in Minas Gerais, Brazil supports Desjardins Analyst Frederic Tremblay's "constructive view" on Lithium Ionic Corp. (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE)

Tags: Battery MetalsCobalt / Lithium / Manganese

Massive Resource Growth in Brazil's Lithium Valley Surpasses Expectations

Streetwise Reports (01/13/2025)

Lithium Ionic Corp. (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE) achieved significant milestones in 2024, including a 161% resource growth at its Bandeira project in Brazil's Lithium Valley. Discover how these advancements set the stage for transformative developments in 2025.

Tags: Cobalt / Lithium / Manganese

Research Coverage Launched on Lithium Co.

Research Report

Shannon Gill (12/16/2024)

This Buy-rated mining developer, about to start construction at its lithium project in Brazil, has a catalyst-rich 12 months ahead, noted a Cormark Securities report.

Tags: Cobalt / Lithium / Manganese

Expert Comments:

Varun Arora, Clarus Securities (2/19/25) "Lithium Ionic Corp. announced that SEMAD, the regulatory body overseeing environmental licensing in Minas Gerais, has issued a technical report with a favorable recommendation for approving the Licenca Ambiental Concomitante, or LAC (construction/installation and operational license), for the Bandeira project. . .we have modelled an ~18-month construction period, with first production potentially by late 2026."

Greg Jones, BMO Capital Markets (2/19/25) "The Minas Gerais state environmental regulator issued a favorable technical report, recommending approval of the Licenca Ambiental Concomitante (LAC) for Lithium Ionic Corp.'s Bandeira project. The final approval decision is expected to be made on Feb. 28, 2025."

Clive Maund, CliveMaund.com (2/10/25) "Everything about Lithium Ionic Corp.'s chart is bullish. With the price now at the lower rail of the larger uptrend channel and not far above its rising 200-day moving average, the company is clearly a Buy here."

Varun Arora, Clarus Securities (1/14/25) "Importantly, Lithium Ionic Corp.'s Baixa Grande deposit remains open at depth and along strike, indicating potential for continued resource growth. In addition, we think outside of the three to four core zones in current resource at Baixa Grande, there are an additional three zones at Salinas that could be included in future resource updates (Noe, Piaba and Ju)."

Greg Jones, BMO Capital Markets (1/14/25) "Lithium Ionic Corp. announced an updated resource estimate for its Baixa Grande project (formerly called Salinas) of 6.52 Mt Measured & Indicated and 12.9 Mt Inferred, an increase of about 32%. The updated estimate is based on 35,734m (167 drill holes) completed between May 2023 and September 2024."

Katie Lachapelle, Canaccord Genuity (12/4/24) "Lithium Ionic Corp.'s Bandeira continues to grow. . .we view a mine life of about 20 years as a probable outcome."

More Expert Comments

Shannon Gill, Cormark Securities (12/4/24) "We are initiating coverage on Lithium Ionic Corp. with a Buy rating. . .Bandeira is on track to become one of the next producing mines in Brazil's Lithium Valley."

Greg Jones, BMO Capital Markets (11/28/24) "Lithium Ionic Corp. announced a nonbinding letter of intent from the US Export-Import Bank for up to $266M in debt financing (15-year term) for its Bandeira project. The funding covers the full capex estimate outlined in the May 2024 feasibility study."

Varun Arora, Clarus Securities (11/27/24) "Lithium Ionic Corp. announced a nonbinding letter of interest from the Export-Import Bank of the United States (EXIM, official credit agency of the U.S. government) for up to $266M in debt financing for its 100%-owned Bandeira project. . .we see this as a significant derisking milestone that will see the project advance towards construction once permits are received (expected before year-end)."

Frederic Tremblay, Desjardins Securities (10/8/24) "The main highlight of new drill results at Lithium Ionic Corp.'s Bandeira lithium project was an impressive 64.7m grading 1.39% Li2O, including 22m at 1.67% Li2O and 20m at 1.62% Li2O. This represents the thickest mineralized zone encountered at Bandeira to date."

Greg Jones, BMO Capital Markets (10/8/24) "Lithium Ionic Corp. is one of our preferred lithium developers. . .the company has the potential to be first to production amongst developers under our coverage. In addition, Lithium Ionic has a large underexplored land package with the potential to further grow the current resource base."

Greg Jones, BMO Capital Markets (9/10/24) "Lithium Ionic Corp. has received approval of the final exploration reports for its Bandeira and Outro Lado properties from Brazil's National Mining Agency. With this approval, the company has now submitted the mining concession application and the economic viability study."

Frederic Tremblay, Desjardins Securities (8/15/24) "We view the Pilbara-Latin transaction as positive for Lithium Ionic Corp. Not only does it shed light on the company's deeply depressed valuation and on the potential to unlock value through transactions, but it also confirms that Brazil is an attractive jurisdiction for future lithium production."

Greg Jones, BMO Capital Markets (8/12/24) "Lithium Ionic Corp. announced several recent transactions: 1) the sale of a 2.25% life-of-mine gross revenue royalty on Bandeira to Appian Capital Advisory for US$20M in cash, 2) the acquisition of the 15% stake in Salinas the company did not own and 3) a CA$15M private placement. . .we believe there is near-term opportunity for Lithium Ionic to rerate towards the peer multiple, which would imply about a 50% share price uplift."

Frederic Tremblay, Desjardins (5/29/24) "With Lithium Ionic Corp.'s balance sheet currently tight (latest available cash-on-hand position of about CA$10M), we see potential for the release of the feasibility study to open up/accelerate opportunities to enhance the company's financial position. . .we view the valuation of Lithium Ionic as compelling, especially considering its quick path to production, low costs, proximity to producers and infrastructure, and further resource growth potential."

Cole McGill, Stifel (5/29/24) "The definitive feasibility study of Lithium Ionic Corp.'s Bandeira project prioritizes speed over scale, in line with our thesis, with the construction permit expected in Q3/24. We see multiple levers to pull to optimize project value, not least the roughly 24 Mt in resources at Bandeira that could translate into an additional nine years of mine life."

Katie Lachapelle, Canaccord Genuity (5/29/24) "The results of the feasibility study on Lithium Ionic Corp.'s flagship Bandeira project were largely in line with our forecasts. . .we continue to view the Bandeira project as highly attractive."

Greg Jones, BMO Capital Markets (5/29/24) "Lithium Ionic Corp. announced results of its Bandeira feasibility study. . .the results continue to show Bandeira is an attractive, low-capital project with potential for a short timeline to production and opportunities for further upside/optimization."

Varun Arora, Clarus Securities (4/15/24) "The global resource at Lithium Ionic Corp.'s Bandeira now stands at 41.9 Mt at 1.35% Li2O. This is an impressive 42% increase in about 6.5 months from the last resource update in October which itself was an 84% increase in just 3.5 months from the maiden resource."

Varun Arora, Clarus Securities (4/5/24) "The maiden global resource at Lithium Ionic Corp.'s Salinas came in at an impressive 14.76 Mt at about 1.02% Li2O. This was at the high end of expectation of 10−15 Mt; about 40% of the resource is in the Measured & Indicated category with 5.86 Mt at 1.09% Li2O and the remaining 8.9 Mt in Inferred at 0.97% Li2O."

Experts Following This Company

Varun Arora, Analyst – Clarus Securities
Shannon Gill – Cormark Securities
Jon Gilligan, President & COO – Liberty Gold Corp.
Greg Jones, Analyst – BMO Capital Markets
Katie Lachapelle, Associate Analyst – Canaccord Genuity
Clive Maund – CliveMaund.com
Cole McGill, Analyst – Stifel
Frederic Tremblay, Analyst – Desjardins Securities

Company News

2/19/2025 – Lithium Ionic Advances Towards Key Permitting Milestone for the Bandeira Lithium Project, Minas Gerais, Brazil

1/14/2025 – Lithium Ionic Reports 32% Growth in Updated Mineral Resource Estimate at Baixa Grande - Salinas, Minas Gerais, Brazil

1/8/2025 – Lithium Ionic: 2024 Year-in-Review, Setting Stage for a Pivotal 2025

12/3/2024 – Lithium Ionic Drills 1.77% Li?O over 16m, including 2.36% Li?O over 9m at Bandeira, Minas Gerais, Brazil

11/27/2024 – Lithium Ionic Secures LOI from EXIM for US$266M, Representing 100% of Bandeira Project CAPEX

Important Disclosures
Lithium Ionic Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

Streetwise Company Fact Sheet

2025/2/21 4:41:14

(LTH:TSX.V - LTHCF:OTCQX - H3N:FSE)

Analyst coverage

Clarus Securities — Varun Arora

Cormark Securities — Shannon Gill

BMO Capital Markets — Greg Jones

Canaccord Genuity — Katie Lachapelle

Stifel — Cole McGill

Desjardins Securities — Frederic Tremblay

Newsletter coverage

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Streetwise - Lithium Ionic Corp. Ownership Overview*

Lithium Ionic Corp. (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE)

^*Share Structure as of 1/13/2025

Source: Lithium Ionic Corp.

Investing Highlights

	Near-term production of high-quality lithium concentrate in Brazil
	Established lithium-producing district provides a strong proof-of-concept
	Robust Feasibility Study: 14-year operation, $1.3B NPV, 40% IRR