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On track to become the next significant lithium producer in Brazil's "Lithium Valley"

We are committed to supporting the global energy transition by developing a long-life, low-cost project with near-term production of high-quality lithium concentrate to support the EV and battery supply chains. 

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Last updated: 2024-02-23

About Company

Lithium Ionic is a Canadian mining company focused on becoming the next significant Brazilian lithium producer. Our Itinga and Salinas group of properties cover 14,182ha in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium-producing district. A recent PEA for the Bandeira Project indicates a long-life, low-cost, and highly profitable project with a Post-tax NPV8% of US$1.6B (~C$2.2B) and IRR of 121%. Our goal is to generate significant returns for our stakeholders by becoming the country's next producer of high-quality spodumene concentrate for the global lithium supply chain.


Bandeira Project

Minas Gerais, Brazil
Feasibility Study underway; EIA underway; Actively drilling
  • Post-tax NPV8% of $1.6B (~C$2.2B)
  • Post-tax IRR of 121%
  • Avg. production of 217,700tpa of high-quality lithium concentrate (5.5% Li2O)
  • Underground mine scenario with minimal land-use footprint, processing 1.3Mtpa of ore over a 20-year mine life
  • After-tax payback of 14 months
  • Bandeira resource expands significantly to:
M&I: 13.72Mt at 1.40% Li20 (474,892t LCE)
Inferred: 15.79Mt at 1.34% Li20 (523,118t LCE)

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