Lithium Ionic Secures Major Royalty Financing

Lithium Ionic Corp (TSE:LTH) has released an update.

Lithium Ionic Corp. has secured a pivotal US$20 million royalty financing deal with Appian Capital Advisory LLP, selling a 2.25% gross revenue royalty on its Bandeira Deposit. The funds will propel the development and construction of the Bandeira Lithium Project in Brazil’s Lithium Valley, potentially a major global lithium source. Investors may find promise in the project’s robust Feasibility Study results, forecasting a 14-year operation with high returns.

For further insights into TSE:LTH stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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