Lithium Ionic Achieves Key Permitting Milestone with Approval of Final Exploration Reports for Bandeira and Outro Lado by Brazil’s National Mining Agency
Lithium Ionic Achieves Key Permitting Milestone with Approval of Final
Exploration Reports for Bandeira and Outro Lado by Brazil’s National Mining
Agency
TORONTO, ON, September 10, 2024 – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE:
H3N) (“Lithium Ionic” or the “Company”) is pleased to announce important permitting milestones
with the approval of the Final Exploration Reports (Relatório Final de Pesquisa - RFP) for its
Bandeira and Outro Lado lithium properties by the Agência Nacional de Mineração (ANM),
Brazil’s National Mining Agency.
Following the ANM's approval of these reports, the Company has successfully submitted the
Mining Concession application and the Economic Viability Study (Plano de Aproveitamento
Econômico - PAE) for the Bandeira property. The PAE provides a comprehensive assessment of
the technical, economic, and environmental aspects of the mining project, detailing the efficient
and responsible extraction of mineral resources. Achieving Mining Concession status will mark
the final legal approval required to transition Ban deira from exploration to extraction and
production.
The Company anticipates another major regulatory achievement in the coming months: the
approval of the Licença Ambiental Concomitante (LAC), the environmental license that will permit
the construction of the Bandeira Lithium Project. The LAC application was submitted in November
2023, and its approval is a prerequisite to the final granting of the Mining Concession.
Blake Hylands, P.Geo., CEO of Lithium Ionic, commented, “The approval of the Final Exploration
Reports for our Bandeira and Outro Lado properties is a n important milestone in advancing our
projects in Brazil's Lithium Valley. These approvals validate the quality of our assets and
accelerate our path towards becoming a near -term lithium producer. With the PAE and Mining
Concession application now submitted for Bandeira, we are on track for the next key milestone -
securing the LAC license, which will enable us to move forward with construction. We remain fully
committed to advancing our projects responsibly, while helping to meet the increasing demand
for lithium as Brazil strengthens its position in the global supply chain.”
The Bandeira and Outro Lado properties are strategically located in Minas Gerais, within the
Lithium Valley, a region renowned for its world -class lithium deposits, robust infrastructure, and
mining-friendly environment.
On behalf of the Board of Directors of Lithium Ionic Corp.
Blake Hylands
Chief Executive Officer, Director
About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in
Brazil. Its Itinga group of properties, which hosts its flagship Bandeira Lithium Project, as well as
its Salinas group pf properties cover ~14,000 hectares in the northeastern part of Minas Gerais
state, a mining -friendly jurisdiction that is quickly emerging as a world -class hard-rock lithium
district. The Bandeira Project is situated in the same region as CBL’s Cachoeira lithium mine,
which has produced lithium for +30 years, as well as Sigma Lithium Corp.’s Grota do Cirilo project,
which hosts the largest hard-rock lithium deposit in the Americas.
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looking statements involve known and unknown risks, uncertainties and other factors that may
cause the Company’s actual results, performance or achievements, or developments to differ
materially from the anticipated results, performance or ac hievements expressed or implied by
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and development of the Company’s mineral properties, the permitting process and timing thereof
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timing for the Company’s properties, the Company’s ability to obtain adequate financing and the
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