Lithium Ionic Corp. Shares AGM Highlights and Future Plans

Lithium Ionic Corp. Releases AGM Highlights

TORONTO — Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) is thrilled to share the positive outcomes from its recent annual general and special meeting of shareholders. The meeting showcased the dedication of its shareholders, who demonstrated strong support for the company's future direction.

Key Decisions from the AGM

During the meeting, shareholders voted unanimously in favor of all proposals presented. Among the key decisions made were the re-election of the eight director nominees, all of whom bring extensive experience and leadership to the company. The directors continuing into the next term are Blake Hylands, Hélio Diniz, Patrizia Ferrarese, David Gower, Lawrence Guy, Michael Shuh, David D’Onofrio, and Ian Pritchard.

In addition, shareholders approved the re-appointment of Deloitte LLP as the company's auditor, ensuring that the financial oversight remains robust. Another significant decision was the re-approval of the existing stock option plan, which aligns with the company’s commitment to attract and retain top talent in the industry.

Lithium Ionic's Commitment to Shareholders

Lithium Ionic deeply appreciates its shareholders for their active involvement and ongoing support. The company recognizes that their participation is crucial in shaping the strategic initiatives and vision for the future. By approving these proposals, shareholders have demonstrated their confidence in Lithium Ionic as a leading player in the lithium sector.

Understanding Lithium Ionic's Operations

Lithium Ionic is primarily focused on exploring and developing its promising lithium properties in Brazil. The company has significant stakes in the Itinga and Salinas properties, which encompass approximately 17,000 hectares in a region of Minas Gerais known for its favorable mining environment. This area is quickly becoming recognized as a globally significant hard-rock lithium district.

The company's flagship Bandeira Project is in proximity to notable operations, including CBL’s Cachoeira lithium mine, which has been producing lithium for over 30 years, and Sigma Lithium Corp.’s unique Grota do Cirilo project, reputed for containing the largest hard-rock lithium deposit in the Americas.

Leadership Shaping the Future

At the helm of Lithium Ionic is CEO Blake Hylands, who continues to lead with a vision that emphasizes innovation and sustainable practices in lithium extraction and processing. Under his guidance, the company is poised to seize growing opportunities in the lithium market, which is becoming increasingly essential for battery production and electric vehicle manufacturing.

Contact Information

For investor and media inquiries, please reach out to:

+1 647.316.2500
info@lithiumionic.com

Frequently Asked Questions

What were the main outcomes of the Lithium Ionic AGM?

The AGM resulted in the re-election of all eight director nominees, the re-appointment of Deloitte LLP as auditors, and the re-approval of the stock option plan.

Who are the directors continuing their roles after the AGM?

The re-elected directors include Blake Hylands, Hélio Diniz, Patrizia Ferrarese, David Gower, Lawrence Guy, Michael Shuh, David D’Onofrio, and Ian Pritchard.

Which projects is Lithium Ionic currently focusing on?

Lithium Ionic focuses on its lithium properties, particularly the Itinga and Salinas projects, and is advancing its Bandeira Project in Brazil.

How does Lithium Ionic contribute to the lithium industry?

Lithium Ionic is dedicated to developing lithium resources that are vital for electric vehicle batteries and renewable energy storage solutions.

What is the significance of the AGM decisions for shareholders?

The decisions made at the AGM reinforce the company’s governance structure and commitment to long-term strategic goals, enhancing shareholder confidence.

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