Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) has announced the completion of a royalty agreement with Appian Capital Advisory LLP. The agreement involves a 2.25% gross revenue royalty on the Bandeira Lithium Project in exchange for $20 million.

Details of the Royalty Agreement

The Royalty Agreement grants ANRF LI (JSY) Ltd., an affiliate of Appian, a 2.25% life-of-mine gross revenue royalty on the Bandeira Project. The upfront purchase price is $20 million. Lithium Ionic has the option to buy back the royalty within five years for $67.5 million.

Utilizing the Proceeds

Lithium Ionic will use the proceeds to advance the Bandeira Lithium Project in Minas Gerais State, Brazil. Funds will also support general corporate purposes and working capital requirements. Lithium Valley, where the project is located, is known for its lithium-bearing pegmatites.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian company developing lithium properties in Brazil. The Bandeira Lithium Project is part of the Itinga group in Minas Gerais. This area is notable for hosting lithium mines like CBL’s Cachoeira mine and Sigma Lithium Corp.’s Grota do Cirilo project.

About Appian Capital Advisory LLP

Appian Capital Advisory LLP focuses on long-term investments in mining companies. With a global team of over 75 professionals, Appian has a presence in London, New York, Toronto, Vancouver, and more.

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