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Lithium Ionic Corp ( (TSE:LTH) ) has provided an announcement.
Lithium Ionic reported that engineering for its Bandeira lithium project in Brazil has reached 48% completion, with basic plant and primary civil engineering finalized and detailed work on water and drainage nearing completion. Mine access, underground planning, and surface infrastructure are also progressing, enabling the launch of key contractor and equipment tenders.
Procurement is advancing on schedule, with nearly a quarter of infrastructure packages already tendered, helping to validate capital cost estimates and move the project into the execution phase. At the same time, the company is negotiating advanced offtake and debt-financing agreements with counterparties in major battery markets, while bolstering its ESG and permitting leadership to support construction readiness and long-term operations.
The most recent analyst rating on (TSE:LTH) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Lithium Ionic Corp stock, see the TSE:LTH Stock Forecast page.
Spark’s Take on TSE:LTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:LTH is a Neutral.
The score is held back primarily by weak financial performance (no revenue and ongoing cash burn despite improving losses). Offsetting this are improving technical momentum and positive corporate developments (feasibility report and fresh financing), while valuation remains constrained by negative earnings and no dividend support.
To see Spark’s full report on TSE:LTH stock, click here.
More about Lithium Ionic Corp
Lithium Ionic Corp. is a Canada-based lithium developer focused on advancing its 100%-owned Bandeira Lithium Project in Brazil’s Minas Gerais state, part of the country’s emerging “Lithium Valley.” The company aims to build a high-quality, low-cost lithium operation supplying global battery and electric-vehicle supply chains across North America, Europe and Asia.
Average Trading Volume: 377,305
Technical Sentiment Signal: Buy
Current Market Cap: C$189.3M
Learn more about LTH stock on TipRanks’ Stock Analysis page.