Lithium Ionic provides development update on Bandeira Project

Lithium Ionic (LTHCF) provided a development update on its 100%-owned Bandeira Lithium Project, located in Minas Gerais, Brazil’s globally significant “Lithium Valley”. Bandeira is Rapidly Advancing to Construction-Ready Status: Overall Engineering has advanced to 48% completion since the Feasibility Study press release from September 17, 2025. Basic engineering complete on major design packages including plant engineering and primary civil engineering. Detailed engineering on raw water and drainage is in the final stage. Infrastructure and long-lead tenders are now being deployed as per the Project schedule. Commercial momentum is accelerating as the Company has received multiple offtake and debt-financing term sheets and is advancing towards binding agreement. Blake Hylands, CEO, commented, “Bandeira is now firmly in the execution phase. With a technically robust and optimized Feasibility Study in-hand, our focus has shifted to disciplined delivery – advancing engineering, securing the right commercial partnerships, and preparing the Project for construction. Importantly, this progress is unfolding in a materially stronger lithium market than when our Feasibility Study was completed, which reinforces our confidence in the Project’s long-term value. Our objective is clear: to bring Brazil’s next high-quality, low-cost lithium operation into production with the right foundations in place.”