Lithium Ionic
Summary
Upfront purchase price of US$20,000,000 payable to the Grantor upon satisfaction of customary conditions precedent, including the finalization and delivery of security documentation and legal opinions. The Royalty obligations will be secured by charges and share pledges over substantially all current and future assets relating to the Project.Blake Hylands, P.Geo., CEO of Lithium Ionic, commented, "We are pleased to welcome Appian as an important partner as we continue to rapidly advance the Bandeira Project through permitting and towards construction. This collaboration demonstrates the attractiveness of Appians credit and royalties offering and reflects our strategic commitment to investing in high-quality mining projects that are well-positioned to meet the increasing global demand for critical resources.BMO Capital Markets is acting as financial advisor to Lithium Ionic. Its Itinga and Salinas group of properties 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. Appian has a global team of over 80 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.