Lithium Ionic Corp. Advances Construction Readiness at Bandeira

Toronto, June 25, 2026 – Lithium Ionic Corp. (TSXV: LTH; OTC: LTHCF; FSE: H3N) announced progress on its 100‑percent owned Bandeira Lithium Project. The company reported that it has secured water access required for the construction phase and provided updates on engineering and procurement activities.

Key Development Highlights

  • Construction‑phase water access secured – The company obtained the necessary water rights to support the construction of its lithium facility at Bandeira. This milestone removes a critical logistical obstacle and positions the project closer to a construction‑ready status.

  • Engineering and procurement updates – Lithium Ionic detailed that it has advanced engineering studies and begun procurement of construction‑related materials. The updates indicate that the project is moving from pre‑construction to a construction‑ready phase, which is a prerequisite for initiating construction activities.

  • Implication for project timeline – Although the company has not specified an exact start date for construction, the acquisition of water access and progress in engineering are viewed as positive steps toward meeting the project’s schedule targets.

Company Context

Lithium Ionic Corp. is a materials‑sector company listed on the TSX Venture Exchange. It specializes in exploring and developing lithium projects. The company’s market cap is CAD 105,660,000, and it trades at a close price of CAD 0.75 on June 25, 2026. The stock has a 52‑week high of CAD 1.47 (April 1, 2026) and a 52‑week low of CAD 0.55 (July 15, 2025). Its price‑earnings ratio is negative, reflecting its status as a development‑stage company.

Forward Outlook

Lithium Ionic’s announcement indicates that the Bandeira lithium project is advancing toward construction readiness. Securing water access removes a key operational hurdle, while the ongoing engineering and procurement activities are expected to bring the project closer to an official construction start. Investors and analysts will monitor the company’s subsequent updates for details on construction timelines and potential financing requirements.