Lithium Ionic Corp (TSE:LTH) has released an update.
Lithium Ionic Corp. has solidified a US$20 million royalty financing deal with Appian Capital, aimed at advancing its Bandeira Lithium Project in Brazil’s Lithium Valley. The investment will bolster the project’s development and construction, with additional funds allocated for general corporate purposes. The agreement also includes an option for Lithium Ionic to repurchase the royalty within five years, further solidifying their partnership and shared commitment to the lithium industry.
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