Lithium Ionic Corp. Announces Significant Update to Mineral Resource Estimate at Bandeira Project
TORONTO, May 6, 2025 — Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N), a leading materials sector company specializing in lithium exploration and mining, has released an updated mineral resource estimate (MRE) for its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil. This announcement marks a pivotal moment for the company, as it significantly increases the global mineral resources within Brazil’s renowned “Lithium Valley.”
The Bandeira Project, Lithium Ionic’s flagship property, is situated in a rapidly emerging hard rock lithium district known for its high concentration of lithium-bearing pegmatites. The updated MRE, prepared in accordance with National Instrument 43-101 (“NI 43-101”) by independent consultants GE21 Consultoria Mineral Ltda. (“GE21”), highlights the project’s continued growth and resource conversion. The MRE now reports a measured and indicated resource of 27.27 million tonnes grading 1.34% Li₂O, underscoring the scale, geological continuity, and long-life potential of the deposit as it advances toward development.
This significant update positions Lithium Ionic Corp. as a key player in the global lithium market, particularly as demand for lithium continues to surge due to its critical role in battery production for electric vehicles and renewable energy storage solutions. The company’s strategic location in Brazil’s Lithium Valley further enhances its competitive edge, given the region’s reputation for high-quality lithium deposits.
Despite the positive news, investors should note that Lithium Ionic Corp. currently trades with a negative price-to-earnings ratio of -2.59, reflecting the company’s status as a growth-oriented entity with substantial future potential rather than immediate profitability. The company’s market capitalization stands at CAD 116,050,000, with a close price of CAD 0.71 as of May 5, 2025. The stock has experienced volatility over the past year, with a 52-week high of CAD 1.17 on May 20, 2024, and a low of CAD 0.41 on August 7, 2024.
As Lithium Ionic Corp. continues to develop its Bandeira Project, the company remains focused on leveraging its strategic assets to capitalize on the burgeoning demand for lithium. The updated MRE not only reinforces the project’s viability but also positions Lithium Ionic Corp. as a formidable contender in the global lithium supply chain.
In summary, the updated mineral resource estimate for the Bandeira Lithium Project represents a significant milestone for Lithium Ionic Corp., enhancing its resource base and solidifying its position in the competitive lithium market. As the company progresses toward development, stakeholders can anticipate further advancements and strategic initiatives aimed at maximizing the project’s potential and contributing to the global transition to sustainable energy solutions.