Lithium Ionic Completes US$20 Million Royalty Agreement with Appian Capital
Summary
Appian is an investment advisor to long-term, value-focused private capital funds that invest exclusively in mining and mining-related companies.Lithium Ionic intends to use the proceeds from the Royalty to advance the development and construction of its world-class Bandeira Lithium Project (Bandeira or the Project), located within the Lithium Valley in Minas Gerais State, Brazil. The Royalty obligations will be secured by charges and share pledges over substantially all current and future assets relating to the Project.Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Appian has a global team of over 75 experienced professionals with presences in London, New York, Toronto, Vancouver, Lima, Belo Horizonte, Montreal, Dubai, Johannesburg, and Perth.On behalf of the Board of Directors of Lithium Ionic Corp.This press release contains statements that constitute forward-statements. The Company undertakes no obligation to update these forward-looking statements in the event that managements beliefs, estimates or opinions, or other factors, should change. [Information and links in this press release relating to other mineral resource companies are from their sources believed to be reliable, but that have not been independently verified by the Company]Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.