Lithium Ionic announces high-grade lithium results at the Bandeira project, Brazil

TORONTO, Nov. 15, 2023 (GLOBE NEWSWIRE) – Lithium Ionic Corp. TSXV: LTH, OTCQX: LTHCF, FSE: H3N, also known as 'Lithium Ionic' or the 'Company', is excited to report promising results from its ongoing exploration at the Bandeira project. Located in Minas Gerais State, Brazil, this area is proving to be a significant site for high-grade lithium deposits.

Impressive Drilling outcomes at Bandeira

Recent drilling at Bandeira has yielded substantial lithium oxide (Li₂O) concentrations, with an impressive 2.45% Li₂O over a length of 9.1 meters and 1.61% Li₂O across 11.9 meters. These findings suggest the presence of a high-grade lithium zone, which positions the Company favorably in the ever-growing market for battery materials. The strategic importance of lithium as a resource in green energy solutions underscores the significance of these drilling results.

Next Steps for Lithium Ionic

Lithium Ionic plans to continue its aggressive exploration strategy in Minas Gerais. The current results are part of a more extensive drilling program designed to accurately map the lithium resources within Bandeira. With the ongoing shift towards sustainable energy and electric vehicles, the demand for high-grade lithium is set to grow exponentially. Lithium Ionic's continued success in identifying valuable lithium deposits puts the Company in a strong position to capitalize on this market trend.

Lithium, Investment, Brazil