Major Progress for Lithium Ionic Corporation
TORONTO – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) is excited to announce a significant milestone: the approval of the Final Exploration Reports for its Bandeira and Outro Lado lithium properties by Brazil’s National Mining Agency. This achievement represents a crucial step in their journey toward lithium production in an expanding market.
Steps Toward Mining Concession
Following the successful approval from the ANM, Lithium Ionic has taken the next step by submitting its Mining Concession application along with an Economic Viability Study for the Bandeira property. This detailed study covers essential technical, economic, and environmental factors that are vital for mining operations, demonstrating the company's commitment to responsible and efficient resource extraction.
Upcoming: Environmental License Application
The company is preparing for another important milestone: obtaining the Licença Ambiental Concomitante (LAC), which is an environmental license necessary for the construction of the Bandeira Lithium Project. The application for the LAC was submitted late last year and is crucial for securing the final Mining Concession.
Leadership's Commitment to Responsible Mining
Blake Hylands, P.Geo., CEO of Lithium Ionic, emphasized the significance of this approval, stating, “This milestone is a testament to the quality of our assets and accelerates our path toward becoming a near-term lithium producer. The approval allows us to concentrate on our construction plans while ensuring we uphold our commitment to responsible mining practices.”
Strategic Location and Future Opportunities
The Bandeira and Outro Lado properties are ideally located in the Lithium Valley of Minas Gerais, a region renowned for its high-quality lithium deposits and supportive mining infrastructure. This area is quickly establishing itself as a key player in the global lithium supply chain, offering substantial opportunities for companies like Lithium Ionic.
About Lithium Ionic Corporation
Lithium Ionic is a Canadian mining company dedicated to exploring and developing its lithium assets in Brazil. With properties spanning approximately 14,000 hectares in a mining-friendly jurisdiction, the company is well-positioned to meet the rising global demand for lithium, which is essential for the growing electric vehicle market.
Company Contacts
For inquiries from investors and media, please reach out to:
+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 crucial as it marks the transition from exploration to actual lithium extraction and production.
What environmental license is Lithium Ionic working to secure?
Lithium Ionic is working to obtain the Licença Ambiental Concomitante (LAC) to facilitate the construction of their Bandeira Lithium Project.
Where are the Bandeira and Outro Lado properties located?
These properties are situated in Minas Gerais, Brazil, within the Lithium Valley, which is recognized for its rich lithium deposits.
What is Lithium Ionic's primary goal in the coming months?
The company aims to complete the licensing process to advance the construction and development of its lithium projects.
