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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Lithium Ionic (TSXV: LTH; OTCQX: LTHCF) announced that Waratah Capital Advisors has formally withdrawn its requisition for a special shareholders’ meeting and has confirmed it will vote in favour of all six management director nominees, and other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.”
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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.
Lithium Ionic (OTCQX:LTHCF) reported development progress at its 100%-owned Bandeira lithium project in Minas Gerais, Brazil. The company placed its first long-lead order for a 138/13.8 kV substation transformer from Blutrafos, with overall project engineering now about 65% complete.
Geotechnical drilling of 1,352m is finished to support detailed design, and the capital cost estimate is being updated. Lithium Ionic has logged over 4,500 hours of community engagement since late 2025, involving more than 700 attendees through meetings, workshops, and a three-hour April 26, 2026 project presentation.
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Lithium Ionic (OTCQX:LTHCF) filed its audited financial statements for the year ended December 31, 2025, plus MD&A and CEO/CFO certifications, on SEDAR+ and its website. It also filed interim Q1 2026 financials and related documents.
According to Lithium Ionic, these filings restore compliance with continuous disclosure obligations, and the Management Cease Trade Order issued on May 4, 2026 is expected to be revoked on June 9, 2026. The company states the delay reflected additional diligence, not issues with its financial reporting or operations.