Lithium Ionic Corp · TSXV:LTH
Lithium Ionic — Investor Presentation (September 2026)
26 slides from Lithium Ionic's investor presentation, September 2026
Slide 1: Brazil’s Next Major Lithium Producer
TSXV: LTH | OTC: LTHCF | FSE: H3N Brazil’s Next Major Lithium Producer Near-term production of high-quality, low-cost, lithium concentrate in Minas Gerais' Lithium Valley, strategically positioned to support the global EV and battery supply chains. September 2026 WWW.LITHIUMIONIC.COM
Slide 2: Cautionary Notes
CAUTIONARY NOTES The NI 43-101 technical report associated with the Bandeira Lithium Project Feasibility Study (FS) is available on SEDAR+ at www.sedarplus.ca under the Company’s issuer profile, as well as the Company’s website at www.lithiumionic.com Feasibility Study Consultants The FS is prepared
Slide 3: Why Lithium Ionic?
WHY LITHIUM IONIC? FLAGSHIP PROJECT MINING-FRIENDLY INFRASTRUCTURE JURISDICTION ADVANTAGE BANDEIRA Grid Hydroelectric +300 Mines in Minas Gerais Power FEASIBILITY STUDY, SEPT 2025: LONG LIFE, LOW CAPITAL & HIGH ROR <300km Nearby Ports away BRAZIL 3rd US$1.45B Paved High-quality Minas Gerais is trans
Slide 4: Why Brazil?
WHY BRAZIL? A REGION THAT HAS RECENTLY EMERGED AS A GLOBALLY SIGNIFICANT HARD-ROCK LITHIUM-PRODUCING DISTRICT • Minas Gerais (“General Mining”): A traditional mining jurisdiction with a highly efficient and expeditious permitting process SIGNIFICANT EFFORT BY GOVERNMENT TO REDUCE BUREAUCRACY IN THE
Slide 5: ~6,900 Hectares in Brazil’s Lithium Valley
~6,900 HECTARES IN BRAZIL’S LITHIUM VALLEY FAVOURABLE MINING AND TRANSPORT INFRASTRUCTURE, HYDROELECTRIC POWER, WATER AND EASY ACCESS TO FOREIGN MARKETS VIA NEARBY PORT ACCESS. SALINAS AIRPORT HYDROELECTRIC POWER & PAVED DRIVE TO PORT NEARBY POWERLINES VITÓRIA Irapé Dam (360MW), Minas Gerais SALINAS
Slide 6: Mineral Resources
MINERAL RESOURCES SALINAS BANDEIRA M&I: 27.27Mt grading 1.34% Li₂O 49.2Mt INFERRED: 18.55Mt grading 1.34% Li₂O 1.6Mt LCE Underground; 0.5% Li2O cut-off GLOBAL OUTRO LADO MINERAL RESOURCES M&I: 2.97Mt grading 1.46% Li₂O INFERRED: 0.42Mt grading 1.48% Li₂O Underground; 0.8% Li2O cut-off ARAÇUAÍ 7 *See
Slide 7: Executive Leadership Team and Directors
EXECUTIVE LEADERSHIP TEAM BLAKE HYLANDS HELIO DINIZ MIKE WESTENDORF CEO, DIRECTOR MANAGING DIRECTOR, BRAZIL COO Professional Geoscientist with +15 years of +40 years of experience in the mining sector. Former Professional engineer with 20 years of diversified international experience in advanced and
Slide 8: R-TEK: Proven Lithium-Focus Experts
R-TEK: PROVEN LITHIUM-FOCUS EXPERTS Among the most experienced DMS construction teams in the world • Strategic Advisors to Lithium Ionic since April 2025 BRIAN TALBOT NICK ROWLEY RODRIGO ROSO • +80 years of cumulative experience in FOUNDER & DIRECTOR FOUNDER & DIRECTOR REGION MANAGER-LATIN AMERICA g
Slide 9: Bandeira Feasibility Study: Key Results
BANDEIRA FEASIBILITY STUDY: KEY RESULTS SMALL FOOTPRINT MINE PRODUCING HIGH-QUALITY LITHIUM CONCENTRATE. BANDEIRA IS POSITIONED TO BE ONE OF THE LOWEST-COST HARD ROCK SPODUMENE PROJECTS GLOBALLY. 177ktpa 22.8 18.5-YEAR $1,392/t (SC6) NEAR-TERM PRICE ASSUMPTION 2026-2028 AVG. ANNUAL ktpa MINE LIFE PR
Slide 10: Bandeira Transitioning from Engineering to Execution
BANDEIRA TRANSITIONING FROM ENGINEERING TO EXECUTION ENGINEERING, PROCUREMENT, AND COMMERCIAL WORKSTREAMS PROGRESSING IN PARALLEL AMID STRENGTHENING LITHIUM MARKETS EXECUTION PROGRESS • Engineering ~65% complete • Proven DMS flowsheet using conventional crushing, sorting, separation and dewatering •
Slide 11: Offtake Agreements Secured with Leading Integrated Lithium Producers
OFFTAKE AGREEMENTS SECURED WITH LEADING INTEGRATED LITHIUM PRODUCERS INCLUDING ONE OF THE WORLD’S LARGEST LITHIUM HYDROXIDE PRODUCERS: YAHUA MARCH 2026 Binding 5-year offtake agreements covering ~170,000 tonnes per annum of SC6 with Yahua Group and Grand Chen - fully integrated counterparties that s
Slide 12: Bandeira Feasibility Study
BANDEIRA FEASIBILITY STUDY 13
Slide 13: Initial Capex and Operating Costs
INITIAL CAPEX AND OPERATING COSTS CAPEX OPEX Sub-50th $191 $378 Percentile on the PER TONNE Global SC6 Cost MILLION PRODUCED Curve Mine $59.2M Mine $190/t Surface $107.3M Processing $98/t Owner’s Costs $4.9M SG&A $70/t Contingency $19.6M Capitalized Mining $19/t TOTAL $191M TOTAL $378/t 14
Slide 14: Economic Sensitivity
ECONOMIC SENSITIVITY AFTER-TAX BASE CASE Li: $2,212/t SC6 Feasibility Study $1.4B 61% 2.2 years $3.4B $187M (September 2025) NPV8% IRR PAYBACK CUMULATIVE FCF AVG ANNUAL FCF AFTER-TAX SPOT PRICE Li: $2,515/t SC6 $1.8B 102% 1.1 years $4.1B $219M January 23, 2026 NPV8% IRR PAYBACK CUMULATIVE FCF AVG AN
Slide 15: Global Benchmarking
GLOBAL BENCHMARKING RECENT LITHIUM PROJECT ECONOMIC STUDIES POST-TAX IRR Bandeira’s IRR is materially higher than global hard rock projects. 26% 33% 41% 61% POST-TAX NPV/CAPEX Bandeira outperforms global hard rock lithium projects, highlighting its efficient use of capital and higher returns on inve
Slide 16: Regional Proof-of-Concept
REGIONAL PROOF-OF-CONCEPT PRODUCER LITHIUM IONIC’S CACHOEIRA LITHIUM MINE • Private Brazilian company ITINGA PROPERTIES • Producing lithium since 1991 • Underground mining; DMS processing PRODUCER v GROTA DO CIRILO PROJECT • Among the world’s largest lithium mines • 1st production achieved in April
Slide 17: CBL Mine and Bandeira
CBL Mine (in production since 1991) 800m BANDEIRA Drilling Site 18
Slide 18: Bandeira Milestones & Path to Production
BANDEIRA MILESTONES & PATH TO PRODUCTION April 2022 Formation of Lithium Ionic and initiation of drilling Expected award of LAC RTEK Engaged for Construction/Operation Permitting process Construction & Operational Permits Mineral Resource Readiness (Bandeira) initiated (Bandeira) (Bandeira) Update (
Slide 19: Capital Structure
CAPITAL STRUCTURE TSX.V: LTH SHAREHOLDER DISTRIBUTION 20% Common Shares Outstanding 197,301,209 Management & Options 18,077,000 Insiders Warrants 23,811,559 Market Capitalization ~C$106M 52-week High/Low C$1.47/C$0.36 ~197.3M 50% shares Retail Share Price (08/19/26) C$0.54 outstanding & Other Cash (
Slide 20: Thank You
TSXV: LTH | OTC: LTHCF | FSE: H3N THANK YOU Lithium Ionic Corp. 600-36 Lombard St., Toronto, ON, Canada, M5C 2X3 CONTACT FOLLOW US Investor Relations +1 647.316.2500 info@lithiumionic.com @LithiumIonic 21
Slide 21: Prioritizing Sustainability & ESG
PRIORITIZING SUSTAINABILITY & ESG RESPONSIBLE ENVIRONMENTAL CORPORATE POLICIES IN PLACE DESIGN FOR BANDEIRA UNDERGROUND MINE ✓ Audit Committee Charter Smaller environmental footprint, Moves ~16 times ✓ Anti-Bribery Policy less rock, Reduces dust production. ✓ Code of Business Conduct and Ethics ✓ ES
Slide 22: Bandeira Mineral Reserves & Resources
BANDEIRA MINERAL RESERVES & RESOURCES MINERAL RESERVE Deposit / Category Resource (kt) Grade (% Li2O) Contained LCE (kt) Cut-Off Grade Proven 2,571 1.12 72 Bandeira Probable 20,626 1.09 557 (0.5% cut-off) Proven + Probable 23,197 1.10 629 MINERAL RESOURCE Deposit / Category Resource (Mt) Grade (% Li
Slide 23: 2024 vs. 2025 Feasibility Studies
2024 vs. 2025 FEASIBILITY STUDIES MAY 2024 SEPTEMBER 2025 Project Economics Post - Tax NPV8 $1.31 B $1.45 B Post - Tax IRR 40% 61% Pre - Tax NPV8 $1.57 B 1.72 B Pre - Tax IRR 44% 68% Payback 41 months 26 months Production Profile Total Project Life (LOM) 14 years 18.5 years Total LOM production (ore
Slide 24: Spodumene Price Forecast
SPODUMENE PRICE FORECAST FASTMARKETS SPODUMENE SC6 PRICE FORECAST (2018-2032) $7,000 The Feasibility Study used a conservative long-term spodumene price forecast of $6,000 $2,300/t SC6% $5,000 based on Fastmarkets analysis for the years 2031 onward $4,000 US$/tonne $3,000 High case 2.1-year payback
Slide 25: Bandeira Production
BANDEIRA PRODUCTION ROM TO PLANT FEED AVERAGE PLANT 1,500,000 1.50% THROUGHPUT 1,250,000 1.25% 1.3 Mtpa ROM Ore (DMT) 1,000,000 1.00% Grade (% Li2O) (22.8 ktpa LCE) 750,000 0.75% 500,000 0.50% RECOVERY ORE MINED 250,000 0.25% 65.3% 23.2Mt - - -2 -1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 SC5.2
Slide 26: Regional Potential
REGIONAL POTENTIAL Significant regional soil anomalies have yet to be drilled near the Bandeira Project AFRODITE v PHOENIX 30
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