Lithium Ionic Secures LOI from EXIM for US$266M, Representing 100% of Bandeira Project CAPEX

TORONTO, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce the receipt of a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”) to provide up to US$266 million in debt financing for its 100%-owned flagship Bandeira Lithium Project (“Bandeira” or the “Project”), located in Minas Gerais, Brazil. This funding represents 100% of the capital expenditure (“CAPEX”) outlined in the May 2024 Feasibility Study, marking a pivotal milestone as the Company accelerates toward construction and production within the next 2 years.