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Lithium Ionic Corp ( (TSE:LTH) ) has shared an announcement.
Lithium Ionic Corp has released an updated Feasibility Study for its Bandeira Lithium Project in Minas Gerais, Brazil, showcasing improved project economics, extended mine life, and reduced capital costs. The study highlights a post-tax IRR of 61% and a post-tax NPV of $1.45 billion, with a reduced payback period of 2.2 years. The project is now positioned as one of the lowest-cost hard rock spodumene projects globally, benefiting from optimized mine design and environmental considerations, which enhance its competitiveness in the growing lithium market.
The most recent analyst rating on (TSE:LTH) stock is a Buy with a C$1.25 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 TSE:LTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:LTH is a Underperform.
The overall score is primarily weighed down by significant financial challenges, including persistent losses and cash flow issues. Technical indicators suggest a bearish trend, while valuation remains unattractive due to negative earnings. However, recent strategic corporate events may provide future growth opportunities, potentially offsetting some of the current financial weaknesses.
To see Spark’s full report on TSE:LTH stock, click here.
More about Lithium Ionic Corp
Lithium Ionic Corp is a company operating in the lithium mining industry, focusing on the exploration and development of lithium projects. Its primary product is spodumene concentrate, and it is strategically positioned in Brazil’s Lithium Valley, a region known for high-quality lithium production.
Average Trading Volume: 225,750
Technical Sentiment Signal: Buy
Current Market Cap: C$125.3M
Learn more about LTH stock on TipRanks’ Stock Analysis page.