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Lithium Ionic Corp ( (TSE:LTH) ) has shared an update.
Lithium Ionic Corp. has announced a 32% growth in its updated Mineral Resource Estimate for the Baixa Grande Lithium Project in Minas Gerais, Brazil. The independent NI 43-101 technical report, prepared by GE21 Consultoria Mineral Ltda., highlights significant measured and indicated resources, further solidifying the company’s position as a leading lithium producer in the region. This development, alongside Pilbara Minerals’ recent acquisition in the area, underscores the global competitiveness of Brazil’s lithium deposits and enhances Lithium Ionic’s strategic positioning in the lithium market.
More about Lithium Ionic Corp
Lithium Ionic Corp. operates in the lithium mining industry, focusing on the exploration and development of lithium projects. The company is primarily engaged in extracting lithium resources, which are crucial for battery production, particularly in electric vehicles and renewable energy storage solutions. Its market focus is on Brazil’s Lithium Valley, a region known for its rich spodumene-bearing pegmatites.
YTD Price Performance: 8.86%
Average Trading Volume: 291,781
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$133M
See more insights into LTH stock on TipRanks’ Stock Analysis page.