Lithium Ionic (LTHCF) is advancing its Bandeira lithium project toward a final investment decision, with construction dependent on permits. More than $170 million has been raised since its May 2022 public listing to support exploration, technical studies and project development. Overall engineering was approximately 65% complete as of June 2026.
The 2025 definitive feasibility study outlined an 18.5-year mine life and a US$1.45 billion post-tax net present value, using an 8% discount rate and a base-case average spodumene concentrate price of US$2,212 per tonne. Binding five-year take-or-pay agreements with Yahua Group and Grand Chen cover a combined 170,000 tonnes annually, alongside US$20 million in pre-payment facilities. Lithium Ionic also secured US$20 million in royalty financing and sold its Salinas properties for US$37.5 million in total cash consideration.
Lithium Ionic (OTC: LTHCF) has completed the sale of its Salinas group of lithium properties in Minas Gerais, Brazil, including the Baixa Grande lithium resource, to PLS Brasil Mineração, a subsidiary of PLS Group Limited. The Company received US$30.0 million in non-dilutive cash at closing and is entitled to a further US$7.5 million in deferred consideration, payable on the earlier of a positive final investment decision for PLS’ Colina Project or December 31, 2029. Through its subsidiary Neolit Minerals Participações, Lithium Ionic also retains a 2.0% royalty on future spodumene sales from Salinas, while shifting operational focus to advancing its flagship Bandeira Lithium Project toward a construction decision.
Lithium Ionic (OTCQX: LTHCF; TSXV: LTH) reported the results of its August 18, 2026 Annual General Meeting, where shareholders representing 103,969,271 shares, or 52.7% of outstanding shares, were present. All resolutions were approved, including setting the board at six directors, re-appointing Deloitte LLP as auditor, and ratifying the stock option, amended RSU/DSU plans, and amended and restated advance notice policy.
All six director nominees were elected, with support ranging from about 53% to nearly 100%, and two new independent directors, John Turner and Ernie Ortiz Ortega, joined the board. The company highlighted their extensive mining, legal, lithium royalty and capital markets experience as it advances the 100%-owned Bandeira Lithium Project toward construction readiness and production. Lithium Ionic also unveiled a refreshed corporate visual identity, developed jointly by its Toronto head office and Minas Gerais operations, to reflect its next phase of growth and focus on becoming a near-term Brazilian lithium producer.
Lithium Ionic (OTCQX: LTHCF) agreed to sell its Salinas group of lithium properties in Brazil, including the Baixa Grande resource, to PLS Brasil Mineração, a subsidiary of PLS Group Limited, for total cash consideration of US$37.5 million.
The purchase price includes US$30.0 million payable at closing and US$7.5 million in deferred consideration, due on the earlier of a positive final investment decision for PLS’s Colina Project or December 31, 2029. Lithium Ionic will retain a 2.0% FOB royalty on proceeds from future spodumene sales from the sold Salinas mineral rights. According to the company, proceeds will provide non-dilutive funding to support early works, procurement and construction-readiness activities at its 100%-owned Bandeira Lithium Project in Brazil’s Lithium Valley. Completion is subject to customary closing conditions, with closing expected within 10 business days.
Lithium Ionic (TSXV: LTH; OTCQX: LTHCF) announced that Waratah Capital Advisors has formally withdrawn its requisition for a special shareholders’ meeting and has confirmed it will vote in favour of all six management director nominees, and other management-backed items, at the August 18, 2026 annual general and special meeting.
The meeting proceeds as scheduled, with a proxy voting deadline of 10:00 a.m. (Toronto time) on August 14, 2026. According to Lithium Ionic, this resolution lets the Board focus on advancing its 100%-owned Bandeira Lithium Project in Brazil’s “Lithium Valley.”
Summary not available.
Lithium Ionic (OTCQX:LTHCF, TSXV:LTH) issued requests for quotation for constructing two underground mine portals at its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil. Seven contractors were invited to tender, supporting early works for underground access and advancing engineering, procurement and construction-readiness toward a future construction decision.
Lithium Ionic (OTC:LTHCF) reported key construction-readiness advances at its 100%-owned Bandeira lithium project in Minas Gerais, Brazil. Milestones include securing an 18-month construction-phase water access lease, completing a three-year and refined life-of-mine plan, finishing basic engineering for two underground portals, and tendering main crushing units.
Lithium Ionic (OTCQX:LTHCF) appointed Brazilian executive Clovis Torres to its Board of Directors, effective June 23, 2026. Torres brings 30+ years of mining, energy, infrastructure, project finance, governance, and compliance experience as the company advances its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil.
He previously held senior leadership roles at Vale, Petrobras, BR Distribuidora, IBRAM, Furnas, and currently leads Belo Sun Mining, where he helped secure reinstatement of a key license for the Volta Grande Gold Project.
Lithium Ionic (OTCQX:LTHCF, TSXV:LTH) announced that CEO Blake Hylands will present at the Fastmarkets Global Lithium, Battery & Critical Materials Conference at Red Rock Casino Resort & Spa, Las Vegas, on June 24, 2026 at 10:20 a.m. PT.
The presentation will update the 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil, including project engineering progress, long-lead procurement, and Brazil’s role in global battery materials supply chains.