In a recent InvestorNews interview, host Tracy Weslosky sat down with Blake Hylands, CEO and Director of Lithium Ionic Corp. (TSXV: LTH | OTCQX: LTHCF), to discuss Lithium Ionic’s progress in moving its projects towards production within Brazil’s Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.
Blake goes on to discuss Lithium Ionic’s recently announced Preliminary Economic Assessment (PEA) for their Bandeira project, revealing a US$1.6 billion post-tax Net Present Value (NPV), a 121% Internal Rate of Return (IRR), and an impressive 14-month payback period. Blake believes that lithium prices will continue to rise, contributing to even faster project payback.
Highlighting the continuing supply-demand imbalance, Blake delved into how Lithium Ionic is strategically positioning itself in the global lithium industry. While continuing to drill to expand their resources, Blake highlighted how Lithium Ionic is actively securing permits, power sources, and de-risking their projects to position themselves to enter the production phase faster than its peers.
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About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its flagship Itinga and Salinas projects cover 14,182 hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district. The Itinga Project is situated in the same region as CBL’s Cachoeira lithium mine, which has produced lithium for +30 years, as well as Sigma Lithium Corp.’s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.
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Disclaimer: Lithium Ionic Corp. is an advertorial member of InvestorNews Inc.
This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.
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