Lithium Ionic Files NI 43-101 Technical Report for the Bandeira Mineral Resource Estimate, Minas Gerais, Brazil
Lithium Ionic Files NI 43-101 Technical Report for the Bandeira Mineral Resource
Estimate, Minas Gerais, Brazil
TORONTO, ON, June 9, 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 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) in Minas
Gerais State, Brazil, related to the updated Mineral Resource Estimate ( “MRE”) for the Project
announced on May 6, 2025.
The technical report, titled “Bandeira Lithium Project NI 43 -101 Technical Report Mineral
Resource Update, Aracuai -Itinga, Minas Gerais, Brazil ” was prepared by GE21 Consultoria
Mineral Ltda. (“GE21”), AtkinsRéalis, L&M Advisory and Planminas in accordance with National
Instrument 43 -101 - Standards of Disclosure for Mineral Projects (“NI 43 -101”) and has an
effective date of November 20, 2024. The MRE was prepared by GE21.
The report details the MRE comprising Measured and Indicated resources of 27.27 million tonnes
(“Mt”) grading 1. 34% Li ₂O (901,059 tonnes of lithium carbonate equivalent - “LCE”) and an
additional 18.55Mt in the Inferred category grading 1.34% Li₂O (615,432t LCE). An updated
Feasibility Study to integrate this expanded MRE is underway and expected in H2 2025.
This updated Bandeira MRE increases the Company’s consolidated, global mineral resources to
36.76 Mt grading 1.31% Li₂O in the M&I category, in addition to 31.87 Mt grading 1.19% Li ₂O in
the Inferred category.
Bandeira covers 158 hectares, less than 1% of Lithium Ionic’s 17,000-hectare land position, but
has rapidly advanced to become one of the most promising lithium development-stage assets in
Brazil. It is located adjacent to Sigma Lithium’s Grota do Cirilo and Barreiro projects and directly
beside Companhia Brasileira de Lítio’s (CBL) long-standing underground lithium operation.
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 press release dated January 14, 2025, for details related to the Baixa Grande MRE (effective date of December 2, 2024; Q P:
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).
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
Carlos José Evangelista Silva, MSc Geo. (MAIG membership number 7868 ), 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. Silva 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
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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
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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
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uncertainties that may cause actual results to differ materially from those contemplated in those
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or other factors, should change.
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