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Revealed Feb 27, 2025 • 5 minute learn
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TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (the “Firm” or “Lithium Ionic”) reviews that it has filed the unbiased NI 43-101 compliant technical report for its Baixa Grande Lithium Mission (“Baixa Grande” or the “Mission”) in Minas Gerais State, Brazil, associated to the up to date Mineral Useful resource Estimate (“MRE”) for the Mission introduced on January 14, 2025.
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The technical report, titled “Unbiased Technical Report on the Mineral Useful resource Estimate for the Baixa Grande Salinas Lithium Mission, Minas Gerais, Brazil” was ready by GE21 Consultoria Mineral Ltda. (“GE21”) in accordance with Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (“NI 43-101”) and has an efficient date of December 2, 2024.
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The report particulars the MRE comprising Measured and Indicated sources of 6.52 million tonnes (“Mt”) grading 1.11% Li₂O (179,580 tonnes of Lithium Carbonate Equal – “LCE”) and a further 12.90Mt within the Inferred class grading 0.96% Li₂O (305,920t LCE), accounting for roughly 30% of the Firm’s complete international mineral sources of 64.7Mt.* in Brazil’s Lithium Valley.
The technical report is offered on SEDAR+ (www.sedarplus.ca) beneath Lithium Ionic’s issuer profile and on the Firm’s web site at www.lithiumionic.com.
* See NI 43-101 compliant technical report associated to the Bandeira Bandeira MRE titled “NI 43-101 Technical Report – Mineral Useful resource Replace on Bandeira Mission, Araçuaí and Itinga, Minas Gerais State, Brazil” (efficient date of March 5, 2024; QP: Leonardo Soares of GE21); See NI 43-101 compliant technical report associated to the Salinas MRE titled “Unbiased Technical Report on the Mineral Useful resource Estimate for the Baixa Grande Salinas Lithium Mission, Minas Gerais, Brazil” (efficient date of December 2, 2024; QP: Leonardo Soares, P.Geo., M.Sc., of GE21); and the NI 43-101 compliant technical reviews associated to the Outro Lado deposit titled “Mineral Useful resource Estimate for Lithium Ionic, Itinga Mission” (efficient date of June 24, 2023; authored by Maxime Dupéré, B. Sc., P.Geo. and Faisal Sayeed, B. Sc., P.Geo).
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Baixa Grande Mission, Salinas Group of Properties
The Baixa Grande goal, positioned inside the Salinas group of properties acquired in March 2023, is likely one of the most promising initiatives within the Firm’s portfolio examined to this point. These Salinas properties are positioned roughly 100 kilometres north of the Firm’s Bandeira improvement challenge, inside the northern part of Brazil’s Jap Pegmatite Province, a area that’s extremely potential for spodumene-bearing pegmatites. The Baixa Grande mineral useful resource is a vital addition to the Firm’s complete sources, which additional solidifies its place as a number one lithium firm within the area.
In August 2024, Pilbara Minerals introduced the acquisition of Latin Assets and their Colina deposit for AU$559.9 million (US$369.4 million), positioned straight west of the Baixa Grande deposit. This acquisition marked Pilbara’s first diversification into the Americas, underscoring the standard, amount and international competitiveness of Brazil’s lithium deposits on this area.
The Baixa Grande MRE is positioned on a 662-hectare property, a small portion of Lithium Ionic’s massive 17,000-hectare land package deal.
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About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining firm exploring and growing its lithium properties in Brazil. Its Itinga and Salinas group of properties cowl ~17,000 hectares within the northeastern a part of Minas Gerais state, a mining-friendly jurisdiction that’s rapidly rising as a world-class hard-rock lithium district. Its Feasibility-stage Bandeira Mission is located in the identical area as CBL’s Cachoeira lithium mine, which has produced lithium for +30 years, in addition to Sigma Lithium Corp.’s Grota do Cirilo challenge, which hosts the biggest hard-rock lithium deposit within the Americas.
Certified Individuals
Leonardo Soares, P.Geo., M.Sc., of GE21 is a Certified Individual as outlined by NI 43-101 and has reviewed and accepted the technical info and knowledge relating to the MRE included on this information launch. Mr. Soares is unbiased of Lithium Ionic. All different scientific and technical info on this information launch has been reviewed and accepted by Carlos Costa, Vice President Exploration of Lithium Ionic and Blake Hylands, CEO and director of Lithium Ionic, and each are “certified individuals” as outlined in NI 43-101.
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On behalf of the Board of Administrators of Lithium Ionic Corp.
Blake Hylands
Chief Government Officer, Director
Investor and Media Inquiries:
+1 647.316.2500
information@lithiumionic.com
Cautionary Observe Concerning Ahead-Trying Statements
This press launch accommodates statements that represent “forward-statements.” Such ahead trying statements contain identified and unknown dangers, uncertainties and different components which will trigger the Firm’s precise outcomes, efficiency or achievements, or developments to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Though the Firm believes, in gentle of the expertise of its officers and administrators, present circumstances and anticipated future developments and different components which were thought-about acceptable that the expectations mirrored on this forward-looking info are cheap, undue reliance shouldn’t be positioned on them as a result of the Firm may give no assurance that they are going to show to be right. When used on this press launch, the phrases “estimate”, “challenge”, “perception”, “anticipate”, “intend”, “count on”, “plan”, “predict”, “could” or “ought to” and the unfavorable of those phrases or such variations thereon or comparable terminology are meant to establish forward-looking statements and knowledge. The forward-looking statements and knowledge on this press launch embody info regarding the mineralization and prospectivity of the Firm’s mineral properties together with the Mission, the Firm’s means to acquire the requisite licences and permits, the Firm’s means to acquire satisfactory financing, the exploration and improvement of the Firm’s mineral properties, the Firm’s exploration program and different mining initiatives and prospects thereof and the Firm’s future plans. Such statements and knowledge mirror the present view of the Firm. Dangers and uncertainties which will trigger precise outcomes to vary materially from these contemplated in these forward-looking statements and knowledge. By their nature, forward-looking statements contain identified and unknown dangers, uncertainties and different components which can trigger our precise outcomes, efficiency or achievements, or different future occasions, to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. The forward-looking info contained on this information launch represents the expectations of the Firm as of the date of this information launch and, accordingly, is topic to alter after such date. Readers mustn’t place undue significance on forward-looking info and mustn’t depend on this info as of some other date. The Firm undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different components, ought to change.
Data and hyperlinks on this press launch regarding different mineral useful resource corporations are from their sources believed to be dependable, however that haven’t been independently verified by the Firm.
Neither the TSXV nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this press launch.
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