Lithium Ionic Seals Major Royalty Deal for Brazil Project

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

Lithium Ionic Corp has finalized a US$20 million royalty agreement with Appian Capital to further develop its Bandeira Lithium Project in Brazil’s Lithium Valley. The deal grants Appian a 2.25% gross revenue royalty and provides Lithium Ionic with funds for project development, general corporate purposes, and working capital. The Bandeira Project, situated in a prominent lithium region, is set to bolster the company’s position in the growing lithium market.

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