Lithium Ionic Announces Feasibility Study Results for the Bandeira Lithium Project, Minas Gerais, Brazil

*All amounts expressed in U.S. dollars unless otherwise noted

TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce the results of a Feasibility Study (“FS” or “Study”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. The Bandeira claims span 157 hectares, which represents only about 1% of Lithium Ionic’s extensive 14,182-hectare land package in Brazil’s 'Lithium Valley', a region of global significance for hard-rock lithium production.