Replay available
Big news out of Lithium Ionic: the Company has agreed to sell its Salinas group of lithium properties in Minas Gerais, Brazil, to PLS for US$37.5 million in cash, while retaining a 2.0% royalty on all future spodumene sales from the properties.
CEO & Director at Lithium Ionic
Professional Geoscientist with +15 years of international experience in advanced and early-stage exploration (gold, base metals, iron ore). Cofounder of Troilus Gold where he led the technical team to the discovery of +8Moz AuEq gold in Quebec. Extensive capital markets, corporate development and community relations experience.
Good morning, good afternoon or good evening, depending on where in the world you're signing in from. I appreciate you guys making the last minute. I know there's people from actually, looks like at least 6 or 7 time zones. I really appreciate you joining us from around the world today for some pretty exciting news. I've got with me today Blake Hyland, CEO and Director of Lithium Ionic. Blake, how are you today? Oh good, how are you? Good. So here's how today's gonna work, just for the folks in the room. I got some questions about this morning's pretty exciting press release. This is also an interactive event. We're going to keep it pretty short today, probably 15, 20 minutes. But if you do have a question or 2, we'll probably have time to get to it. So use that chat button at the bottom of your screen. We'll try to get to as many questions as we can today's short event. The only other thing before I get to the pro team, There's a request meeting button at the bottom of the screen. Please press that if you'd like to meet with Blake with the Myonic team. We'll try to connect you after today's event. It's also being recorded. We'll be able to replay it probably in just a couple hours. So stay tuned for that. But Blake, big news this morning. You sold the Salinas properties to PLS for $37.5 million in cash and keeping a royalty on top. So for anybody just catching the headline, give us the deal in a nutshell. What are shareholders waking up to this morning? Yeah, I think this is a hugely positive event. I'd start off by thanking our team who worked so hard to get it across the line and also for the members of PLS who worked so hard on it as well and working so collaboratively to get this across the line. So, we're excited to see what they do next. We're excited to see h...