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Lithium Ionic Corp V.LTH

Alternate Symbol(s):  LTHCF

Metals & Mining Industrial Metals & Minerals
Lithium Ionic Corp. is a Canadian mining company. The Company is engaged exploring and developing its lithium properties in Brazil. Its flagship Itinga and Salinas projects cover 14,182 hectares in the northeastern part of Minas Gerais state. The Itinga project is situated approximately 25 kilometers (km) east of the town of Aracuai and approximately 594 km northeast of Belo Horizonte in Minas Gerais Province, Brazil. The Itinga properties are located in the municipalities of Aracuai and Itinga. The Salinas Project is located approximately 100 km north of its Itinga Project (Bandeira and Outro Lado lithium deposits), within the lithium rich Aracuai Pegmatite District in the northern region of Minas Gerais State, Brazil. The Company has an option to acquire up to a 100% equity interest in Vale Do Litio Mineracao Ltda. (Vale Litio). Vale Litio has a 100% ownership interest in three lithium mining claims in Minas Gerais, Brazil that cover a total of 3,140 hectares (the Vale Claims).


TSXV:LTH - Post by User

Lithium Ionic Corp
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Post by Betteryear2on Oct 31, 2023 6:28pm
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Post# 35710157

Lithium Ionic Secures Grid Power Connection Contract

Lithium Ionic Secures Grid Power Connection ContractTORONTO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) reports that its 100%-owned Brazilian subsidiary, MGLIT Empreendimentos Ltda (“MGLIT”), has entered into an agreement (the “Cemig Agreement”) with Cemig Distribuio S.A. (“Cemig”) to facilitate the construction and electrification of essential power infrastructure between Cemig's existing power grid and the future Bandeira lithium operation (“Bandeira”), located approximately 3 kilometers away (see Figure 1). The agreement aligns with the Company’s goal of fast-tracking Bandeira towards production and solidifies its position as a near-term lithium producer in the region by securing low-cost, renewable hydroelectric power to meet the long-term requirements of the project. Cemig is the largest electricity distributor in Brazil, serving, through its network extensions, approximately 96% of the State of Minas Gerais.

Lithium Ionic Secures Grid Power Connection Contract with (globenewswire.com)
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