Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) has announced the filing of an independent NI 43-101 compliant technical report for its Salinas Lithium Project in Minas Gerais, Brazil. This report is based on the initial Mineral Resource Estimate (MRE) announced on April 4, 2024.

Lithium Ionic Salinas Project Technical Report

The report, titled ‘Independent Technical Report on Mineral Resources Estimate for the Baixa Grande – Salinas Lithium Project’, was prepared by GE21 Consultoria Mineral Ltda. in accordance with NI 43-101 Standards. It has an effective date of January 4, 2024. The MRE includes measured and indicated resources of 5.86 million tonnes (Mt) at 1.09% Li2O, and inferred resources of 8.90Mt at 0.97% Li2O.

Technical Report Details

The technical report significantly increased Lithium Ionic’s global mineral resources to 60.1Mt. This detailed document is available under Lithium Ionic’s issuer profile on SEDAR+ and on the company’s official website.

Upcoming Assessments and Plans

Lithium Ionic is undertaking a Preliminary Economic Assessment for Salinas, expected to be completed in late 2024. Exploration work and drilling will continue throughout 2024 to expand and upgrade the mineral resources. An upgraded MRE is anticipated later this year.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian mining company focused on exploring and developing its lithium properties in Brazil. The company’s Itinga and Salinas properties, covering 14,182 hectares, are in Minas Gerais, a region emerging as a world-class hard-rock lithium district. Their Bandeira Project is in proximity to CBL’s Cachoeira lithium mine and Sigma Lithium Corp.’s Grota do Cirilo project, which is the largest hard-rock lithium deposit in the Americas.

Qualified Persons

Leonardo Soares, P.Geo., M.Sc., of GE21, is the Qualified Person as defined by NI 43-101 who has reviewed and approved the technical information regarding the MRE. Carlos Costa, VP of Exploration, and Blake Hylands, CEO, have prepared all other scientific and technical information included in this release.

Blake Hylands
Chief Executive Officer, Director
Lithium Ionic Corp.
+1 647.316.2500
info@lithiumionic.com

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