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).

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Lithium Ionic Corp

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Post by templetooth2on Jun 27, 2024 3:11pm

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Post# 36109478

Explain please

E3 Lithium (ETL) publishes a pre-feasibility study that calls for capex of $2.47 Billion (cough, sputter) and the stock GOES UP!!!

Market cap of E3 is about C$116 million. Meanwhile LTH has ae mkt. cap of (158 million shares X .56) C$88.5 million.

Reminder that feasibility study for Bandeiras project calls for capex of $266 million presumably US dollars. It might be that E3's capex is in $Cdn. I couldn't be bothered looking it up.

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