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Lithium Ionic Secures Offtake Agreements with Leading Integrated Lithium Producers, Including One of the World's Largest Lithium Hydroxide Producers, for Bandeira Project Production
TORONTO, March 25, 2026 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. ( TSXV: LTH; OTCQX: LTHCF; FSE: H...
About this update from Lithium Ionic Corp
[{"type":"text","content":"Lithium Ionic Secures Offtake Agreements with Leading Integrated Lithium Producers, Including One of the World’s Largest Lithium Hydroxide Producers, for Bandeira Project ProductionFive-year agreements with US$1,000t floor price, no discount to spot pricing and full upside exposure to support Project financing \nTORONTO, March 25, 2026 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (\"Lithium Ionic\" or the \"Company\") is pleased to announce that it has executed binding multi-year offtake agreements with each of Sichuan Yahua Industrial Group Co., Ltd. (“Yahua Group”) and Grand Chen Resources Pte. Ltd. (“Grand Chen”), two leading global lithium-ion battery materials producers, for the supply of high-quality spodumene concentrate from its Bandeira Lithium Project (the “Project”) in Minas Gerais, Brazil. Highlights Lithium Ionic will supply a combined 170,000 tonnes per annum of spodumene concentrate under five-year binding take-or-pay offtake agreements to Yahua Group and Grand Chen, two integrated counterparties serving tier-one battery and EV manufacturers, including BYD and other leading OEMs. Minimum price of US$1,000/t (6% spodumene concentrate grade basis, or “SC6”) with no maximum price limit, reflecting a highly competitive pricing structure that provides downside protection while maintaining full exposure to lithium price upside. Pricing indexed to prevailing market prices, with no discount to the applicable market reference price, reflecting the strength and expected commercial quality of the Bandeira Project. US$20 million combined pre-payment facility associated with the offtake agreements, aligned with the Project’s advancement toward construction. Agreements materially enhance project bankability and strengthen the Company’s position as it advances project financing toward a potential construction decision. Blake Hylands, P.Geo., CEO of Lithium Ionic, commented, “We are very pleased to be partnering with Yahua Group and Grand Chen - two highly capable and globally established participants in the lithium supply chain, and Tier-1 suppliers to leading battery and electric vehicle manufacturers. Their commitment to the Bandeira Project is a strong endorsement of both the quality of our asset and our abi...