Lithium Ionic Eyes Major Stake in Brazil’s Lithium Riches

Lithium Ionic Corp (TSE:LTH) has released an update.

Lithium Ionic Corp., through its subsidiary Neolit, is set to potentially acquire up to a 90% interest in valuable lithium properties in Brazil’s Lithium Valley, enhancing its strategic position in a prominent lithium district. The company has committed to investing roughly C$5.5 million by 2030 to secure this significant stake and plans to launch an extensive exploration program to tap into the region’s rich spodumene deposits. CEO Blake Hylands expressed enthusiasm for the expansion and the value it promises to shareholders and local communities.

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