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.

LTH:TSX.V LTHCF:OTCQX H3N:FSE

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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

Lithium Co., On Cusp of Mine Construction, Undervalued

Research Report

Katie Lachapelle (12/11/2024)

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.

Tags: Cobalt / Lithium / Manganese

Canadian Lithium Co. Achieves Major Derisking of Project

Research Report

Varun Arora (12/05/2024)

The developer lands financing with the U.S. government's credit agency for an amount equal to the initial capex, a Clarus Securities report.

Tags: Cobalt / Lithium / Manganese

Proposed Financing Would Cover Capex of New Lithium Mine

Research Report

Greg Jones (12/04/2024)

As such, the target price on the company that owns this up-and-coming operation is raised by BMO Capital Markets, one of its reports noted.

Tags: Cobalt / Lithium / Manganese

High-Grade Lithium Intercepts Highlight Ongoing Growth Potential of Brazilian Project

Streetwise Reports (12/04/2024)

Lithium Ionic Corp. (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE) has announced significant drilling results from its flagship Bandeira Lithium Project, located in northern Minas Gerais, Brazil. Read more about the high-grade lithium discoveries and their impact on expanding the resource base in Brazil's Lithium Valley.

Tags: Cobalt / Lithium / Manganese

Major US Funding LOI for Brazil Lithium Project Development

Streetwise Reports (12/02/2024)

Lithium Ionic Corp. (LTH:TSX.V; LTHCF:OTCQX; H3N:FSE) has secured a non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States (EXIM) to provide up to US$266 million in debt financing for the Bandeira Lithium Project. Read more about how this funding supports critical mineral supply chains and accelerates global electrification efforts.

Tags: Cobalt / Lithium / Manganese

Expert Comments:

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."

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."

More Expert Comments

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
Cole McGill, Analyst – Stifel
Frederic Tremblay, Analyst – Desjardins Securities

Company News

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

10/28/2024 – Lithium Ionic Joins United Nations Global Compact Initiative

10/22/2024 – Lithium Ionic Initiates Engineering and Construction Management Services Contracts, Awarded to Hatch and Reta for Bandeira Project Development

10/8/2024 – Lithium Ionic Drills Thickest Intercept to Date at Bandeira: 1.39% Li?O over 65m in Brazil's Lithium Valley, Minas Gerais

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

2024/12/21 7:07:25

(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

Company News

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12/05/2024 - View Article

12/04/2024 - View Article

Streetwise - Lithium Ionic Corp. Ownership Overview*

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

^*Share Structure as of 7/24/2024

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