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Lithium Ionic Corp ( (TSE:LTH) ) just unveiled an announcement.
Lithium Ionic Corp. has signed binding five-year offtake agreements with Sichuan Yahua Industrial Group and Grand Chen Resources to supply a combined 170,000 tonnes per year of spodumene concentrate from its Bandeira project in Brazil. The deals feature a minimum price of US$1,000 per tonne on a 6% grade basis, with no cap and no discount to market benchmarks, providing both downside price protection and full upside exposure.
The agreements include an aggregate US$20 million pre-payment facility tied to project advancement and are expected to materially enhance the bankability of the Bandeira project as it moves toward a construction decision. By partnering with two vertically integrated lithium producers that serve major battery and EV manufacturers such as BYD, Tesla, CATL and LG Energy Solution, Lithium Ionic gains strong third-party validation, improves the marketability of its concentrate and strengthens its positioning within the rapidly growing global lithium supply chain.
The most recent analyst rating on (TSE:LTH) stock is a Buy with a C$3.60 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 LTH Stock
According to Spark, TipRanks’ AI Analyst, 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 LTH stock, click here.
More about Lithium Ionic Corp
Lithium Ionic Corp. is a Canadian lithium developer focused on advancing its Bandeira Lithium Project in Minas Gerais, Brazil. The company aims to supply high-quality spodumene concentrate into the global battery and electric vehicle supply chain, targeting tier-one battery makers and automakers through partnerships with integrated lithium chemicals producers.
Average Trading Volume: 341,562
Technical Sentiment Signal: Buy
Current Market Cap: C$181.1M
For detailed information about LTH stock, go to TipRanks’ Stock Analysis page.