Lithium Ionic Corporation Advances with Major Permitting Success
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Significant Milestones for Lithium Ionic Corporation
TORONTO – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) is thrilled to report a substantial advancement with the approval of the Final Exploration Reports for its Bandeira and Outro Lado lithium properties by Brazil’s National Mining Agency. This achievement marks a pivotal step in their journey towards lithium production in a rapidly growing market.
Advancement Towards Mining Concession
With the successful approval from the ANM, Lithium Ionic has moved forward by submitting the Mining Concession application and an Economic Viability Study for the Bandeira property. This comprehensive study outlines essential technical, economic, and environmental aspects critical to mining operations, underscoring the company's dedication to responsible and efficient resource extraction.
Next Steps: Environmental License Application
The company is poised for another critical milestone: obtaining the Licença Ambiental Concomitante (LAC), an environmental license that allows for the construction of the Bandeira Lithium Project. The LAC application was submitted late last year and is essential for securing the final Mining Concession.
Leadership Commitment to Responsible Mining
Blake Hylands, P.Geo., CEO of Lithium Ionic, highlighted the importance of this approval, stating, “This milestone is a testament to the quality of our assets and accelerates our path towards becoming a near-term lithium producer. The approval allows us to focus on our construction plans, all while ensuring that we uphold our commitment to responsible mining practices.”
Strategic Location and Future Prospects
The Bandeira and Outro Lado properties are ideally situated in the Lithium Valley of Minas Gerais, a region famed for its high-quality lithium deposits and supportive mining infrastructure. This region is rapidly establishing itself as a key player in the global lithium supply chain, providing significant opportunities for companies like Lithium Ionic.
About Lithium Ionic Corporation
Lithium Ionic is a Canadian mining firm focused on exploring and developing its lithium assets in Brazil. With properties covering approximately 14,000 hectares in a mining-friendly jurisdiction, the company is well-positioned to tap into the increasing global demand for lithium, critical for the burgeoning electric vehicle market.
Company Contacts
For investor and media inquiries, please contact:
+1 647.316.2500
Email: info@lithiumionic.com
Frequently Asked Questions
What recent milestone did Lithium Ionic Corporation achieve?
The company received approvals for the Final Exploration Reports for its lithium properties from Brazil's National Mining Agency.
What is the significance of the Mining Concession application?
The Mining Concession application is vital as it is a step toward transitioning from exploration to actual lithium extraction and production.
What environmental license is Lithium Ionic working to secure?
Lithium Ionic is working to secure the Licença Ambiental Concomitante (LAC) to allow for the construction of their Bandeira Lithium Project.
Where are the Bandeira and Outro Lado properties located?
These properties are located in Minas Gerais, Brazil, within the Lithium Valley, known for its extensive lithium deposits.
What is the main goal for Lithium Ionic in the upcoming months?
The company aims to finalize the licensing process to move forward with the construction and development of its lithium projects.
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