Lithium Ionic says 2026 focused on ‘transitioning to execution’

The company said, “Entering 2026, Lithium Ionic (LTHCF) is focused on completing the final, value-defining steps required to transition the Bandeira Project into construction with a clear, disciplined development pathway. Key priorities include the continued advancement of the permitting process, finalization of the project financing strategy – including the progression of offtake discussions to final terms – and the completion of detailed engineering. In parallel, the Company is preparing for construction readiness through pre-development activities such as long-lead equipment procurement and early site works. Together, these efforts are intended to support a Final Investment Decision, marking the formal transition from development into construction. These initiatives represent the final phase of de-risking for Bandeira and position Lithium Ionic to move confidently into construction, reinforcing its strategy to become a near-term, low-cost lithium producer in Brazil’s globally significant Lithium Valley. Lithium Ionic thanks its shareholders for their continued support and enters 2026 focused on disciplined execution, as the Company advances Bandeira toward construction and the realization of its long-term value potential. The Company also reports that it has terminated the option agreement originally announced on July 3, 2024, with K2 Mineracao e Exportacao EIRELI, Super Classico Comercio, Importacao e Exportacao Ltda. and Minerales Empreendimentos, Mineracao e Participacoes Ltda., covering certain mineral claims located in Itinga, within the Curralinho Pegmatite Field of the Aracuai Pegmatite District, Minas Gerais, Brazil. As part of the termination, Neolit Minerals Participacoes Ltda., the Company’s wholly owned Brazilian subsidiary, divested its minority interests in the special purpose companies associated with the K2 Option Agreement, completing the Company’s withdrawal from the transaction. The decision to terminate the agreement reflects Lithium Ionic’s continued focus on disciplined capital allocation and prioritizing its most advanced and value-accretive assets in Brazil’s Lithium Valley, including the advancement of the Bandeira Project towards construction.”

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