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Lithium Ionic Corp ( (TSE:LTH) ) has issued an update.
In 2024, Lithium Ionic Corp achieved significant milestones, including a 161% increase in mineral resource estimates for their flagship Bandeira Lithium Project, which is set to transition to construction in 2025. The company also secured significant financing, including a non-binding LOI from the Export-Import Bank of the United States for up to $266M, and strengthened its leadership and project funding. Additionally, the company announced a maiden mineral resource estimate for its Baixa Grande Project, enhancing its growth potential, and completed strategic land acquisitions to solidify its position in the region.
More about Lithium Ionic Corp
Lithium Ionic Corp is a company operating in the mining industry, focusing on the exploration and development of lithium deposits. Their primary products are derived from lithium, and they are actively engaged in expanding their operations in Brazil’s Lithium Valley.
YTD Price Performance: -1.18%
Average Trading Volume: 332,526
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$126.8M
Learn more about LTH stock on TipRanks’ Stock Analysis page.