Seven contractors invited to submit proposals for key early works package supporting Bandeira's underground mine development
TORONTO, July 08, 2026 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) ("Lithium Ionic" or the "Company") is pleased to announce that it has issued requests for quotation ("RFQs") for the construction of the two underground mine portals at its 100%-owned Bandeira Lithium Project ("Bandeira" or the "Project"), located in Minas Gerais, Brazil's globally significant "Lithium Valley".
The RFQs were issued to seven contractors participating in the tender process.
The portals will provide surface access to Bandeira's underground mine for personnel, equipment and development activities. Advancing the portal construction tender represents an important step in the Company's broader engineering, procurement and construction-readiness program as Bandeira progresses toward a construction decision.
Blake Hylands, P.Geo., CEO of Lithium Ionic, commented, "The issuance of the portal RFQ is another practical step in advancing Bandeira from engineering toward execution planning. The underground portals represent an important early works component of the Project, and this tender process supports our continued focus on construction readiness, disciplined procurement and maintaining momentum across key development workstreams."
The portal tender forms an important part of the procurement and contracting program referenced in the Company's June 11, 2026 engineering and procurement update press release. The Company expects to provide further updates as tender packages move through evaluation and award.
On behalf of the Board of Directors of Lithium Ionic Corp.
Blake Hylands
Chief Executive Officer, Director
+1 647.316.2500
[email protected]
About Lithium Ionic Corp.
Lithium Ionic is a Canadian lithium development company focused on responsibly advancing its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil, a region coined the "Lithium Valley" that is emerging as a premier hard-rock lithium district. The Company is executing on a focused development strategy centered on engineering de-risking, permitting advancement, commercial planning, and construction readiness, with the goal of becoming a near-term producer of high-quality spodumene concentrate for global battery supply chains.
Qualified Persons
The contents of this news release have been reviewed and approved by Blake Hylands, P.Geo., CEO and director of Lithium Ionic, who is a "qualified person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Hylands is not considered independent of the Company.