Lithium Ionic Commences Trading on the OTCQB in the United States
Lithium Ionic Commences Trading on the OTCQB in the United States
TORONTO, Aug. 11, 2022 -- Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF) (“Lithium Ionic ” or the “Company”) is pleased
to announce that, effective August 11, 2022, its common shares shall commence trading on the OTCQB Venture Market (the
“OTCQB”) in the United States under the stock symbol “LTHCF”.
The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York, and is the premiere
marketplace for early-stage and developing U.S. and international companies. Participating companies must be current in their
reporting and undergo an annual verification and management certification process. The OTCQB Venture quality standards
provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading
experience for investors. Investors can find real-time quote and market information for Lithium Ionic at
https://www.otcmarkets.com/stock/LTHCF/overview.
Lithium Ionic has also received DTC eligibility by the Depository Trust Company ("DTC") for its shares traded on the OTCQB.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of
publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered
“DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the
settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms
by coming into compliance with their requirements. Being DTC eligible is expected to greatly simplify the process of trading
and transferring the Company’s common shares on the OTCQB.
About Lithium Ionic Corp.
Lithium Ionic is a publicly-traded company which owns a 100% ownership interest in the Itinga lithium project in Brazil (the
“Itinga Project ” or the “Project”).
The Itinga Project is located in Minas Gerais State (MG), Brazil. The Project comprises five mineral licenses covering more
than 1,300 hectares in the prolific Aracuai lithium province. A portion of the Project occurs immediately south of the CBL
lithium mine and plant, Brazil’s only lithium producer, and immediately north of the large Barreiro and Xuxa lithium deposits of
Sigma Lithium Corp.
The Project area has excellent infrastructure, including access to hydroelectrical grid power, water, a commercial port,
highways and communities. Lithium mineralization (spodumene, lepidolite, petalite) occurs within a halo of pegmatite dikes
and apophyses that occur within the rocks surrounding Neoproterozoic granitic intrusions. Mineralization within the
mineralized province and the distribution of the mineralized pegmatites is controlled by a complex and crosscutting system of
northeast and northwest oriented faults that were exploited by the dikes. Mineralized structures have been identified in two
areas within the Project and the remainder of the Project area remains to be explored.
For more information please contact:
Lithium Ionic Corp.
Blake Hylands, P.Geo.
Chief Executive Officer
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-statements.” Such forward 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 achievements expressed or
implied by such forward-looking statements. Although the Company believes, in light of the experience of its officers and
directors, current conditions and expected future developments and other factors that have been considered appropriate that
the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them
because the Company can give no assurance that they will prove to be correct. When used in this press release, the words
“estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words
or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The
forward-looking statements and information in this press release include information relating to the Company’s OTCQB listing,
the trading of the Company’s shares and the Company’s future plans. Such statements and information reflect the current view
of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those
forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to
be materially different from any future results, performance or achievements expressed or implied by such forward-looking
statements. The forward-looking information contained in this news release represents the expectations of the Company as of
the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue
importance on forward-looking information and should not rely upon this information as of any other date. The Company
undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or
opinions, or other factors, should change.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press release.