Lithium Ionic Files NI 43-101 Technical Report for the Baixa Grande Mineral Resource Estimate, Minas Gerais, Brazil, Marking a 32% Growth in Updated Mineral Resources
Lithium Ionic Files NI 43-101 Technical Report for the Baixa Grande Mineral
Resource Estimate, Minas Gerais, Brazil, Marking a 32% Growth in Updated
Mineral Resources
TORONTO, ON, February 27, 2025 - Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE:
H3N) (the “Company” or “Lithium Ionic” ) reports that it has filed the independent NI 43 -101
compliant technical report for its Baixa Grande Lithium Project (“Baixa Grande” or the “Project”)
in Minas Gerais State, Brazil, related to the updated Mineral Resource Estimate (“MRE”) for the
Project announced on January 14, 2025.
The technical report, titled “Independent Technical Report on the Mineral Resource Estimate for
the Baixa Grande Salinas Lithium Project, Minas Gerais, Brazil ” was prepared by GE21
Consultoria Mineral Ltda. (“GE21”) in accordance with National Instrument 43 -101 Standards of
Disclosure for Mineral Projects (“NI 43-101”) and has an effective date of December 2, 2024.
The report details the MRE comprising Measured and Indicated resources of 6.52 million tonnes
(“Mt”) grading 1.11% Li ₂O (179,580 tonnes of Lithium Carbonate Equivalent - “LCE”) and an
additional 12.90Mt in the Inferred category grading 0.96% Li₂O (305,920t LCE), accounting for
approximately 30% of the Company’s total global mineral resources of 64.7Mt.* in Brazil’s Lithium
Valley.
The technical report is available on SEDAR+ (www.sedarplus.ca) under Lithium Ionic’s issuer
profile and on the Company’s website at www.lithiumionic.com.
* See NI 43 -101 compliant technical report related to the Bandeira Bandeira MRE titled “NI 43 -101 Technical Report – Mineral
Resource Update on Bandeira Project, Araçuaí and Itinga, Minas Gerais State, Brazil” (effective date of March 5, 2024; QP: Leonardo
Soares of GE21); See NI 43-101 compliant technical report related to the Salinas MRE titled “Independent Technical Report on the
Mineral Resource Estimate for the Baixa Grande Salinas Lithium Project, Minas Gerais, Brazil” (effective date of December 2, 2024;
QP: Leonardo Soares, P.Geo., M.Sc., of GE21); and the NI 43-101 compliant technical reports related to the Outro Lado deposit titled
“Mineral Resource Estimate for Lithium Ionic, Itinga Project ” (effective date of June 24, 2023; authored by Maxime Dupéré, B. Sc.,
P.Geo. and Faisal Sayeed, B. Sc., P.Geo).
Baixa Grande Project, Salinas Group of Properties
The Baixa Grande target, located within the Salinas group of properties acquired in March 2023,
is one of the most promising projects in the Company’s portfolio tested to date . These Salinas
properties are located approximately 100 kilometres north of the Company’s Bandeira
development project, within the northern section of Brazil’s Eastern Pegmatite Province, a region
that is highly prospective for spodumene-bearing pegmatites. The Baixa Grande mineral resource
is an important addition to the Company’s total resources, which further solidifies its position as a
leading lithium company in the region.
In August 2024, Pilbara Minerals announced the acquisition of Latin Resources and their Colina
deposit for AU$559.9 million (US$369.4 million) , located directly west of the Baixa Grande
deposit. This acquisition marked Pilbara’s first diversification into the Americas, underscoring the
quality, quantity and global competitiveness of Brazil’s lithium deposits in this region.
The Baixa Grande MRE is located on a 662 -hectare property, a small portion of Lithium Ionic’s
large 17,000-hectare land package.
About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in
Brazil. Its Itinga and Salinas group of properties cover ~17,000 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. Its Feasibility-stage 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.
Qualified Persons
Leonardo Soares, P.Geo., M.Sc., of GE21 is a Qualified Person as defined by NI 43-101 and has
reviewed and approved the technical information and data regarding the MRE included in this
news release. Mr. Soares is independent of Lithium Ionic. All other scientific and technical
information in this news release has been reviewed and approved by Carlos Costa, Vice President
Exploration of Lithium Ionic and Blake Hylands, CEO and director of Lithium Ionic, and both are
“qualified persons” as defined in NI 43-101.
On behalf of the Board of Directors of Lithium Ionic Corp.
Blake Hylands
Chief Executive Officer, Director
Investor and Media Inquiries:
+1 647.316.2500
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 ac hievements 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 t hat 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 t erminology
are intended to identify forward -looking statements and information. The forward -looking
statements and information in this press release include information relating to the mineralization
and prospectivity of the Company’s mineral properties including the Project, the Company’s
ability to obtain the requisite licences and permits, the Company’s ability to obtain adequate
financing, the exploration and development of the Company’s mineral properties, the Company’s
exploration program and other mining projects and prospects thereof 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.
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