Lithium Ionic Corp. (TSX-V: LTH) (OTCQX: LTHCF) (FSE: H3N) is pleased to announce the successful completion of the previously announced royalty agreement with Appian Capital Advisory LLP.

Lithium Ionic Bandeira Corp. has executed a definitive royalty agreement with ANRF LI (JSY) Ltd., an affiliate of Appian, granting a 2.25% gross revenue royalty in exchange for upfront cash consideration of US$20,000,000. This agreement aligns with the terms outlined in the Company’s news releases dated May 30, 2024, and June 28, 2024. Appian is an investment advisor to long-term, value-focused private capital funds that invest exclusively in mining and mining-related companies.

Lithium Ionic intends to use the proceeds from the Royalty to advance the development and construction of its world-class Bandeira Lithium Project, located within the Lithium Valley in Minas Gerais State, Brazil. Additionally, funds will be allocated for general corporate purposes and working capital requirements. The Lithium Valley is renowned for its significant concentration of lithium-bearing pegmatites and has become a globally significant lithium production center.

Key Terms of the Royalty Agreement

• A 2.25% Life-of-Mine gross revenue royalty on the Bandeira Project.
• Upfront purchase price of US$20,000,000 payable to the Grantor.
• An option for the Company to fully buy-back the Royalty within the first five years for a fee of US$67,500,000.
• The Royalty obligations will be secured by charges and share pledges over substantially all current and future assets relating to the Project.

About Lithium Ionic Corp.

Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its Itinga group of properties, which hosts its flagship Bandeira Lithium Project, as well as its Salinas group pf properties cover ~14,000 hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district. The Bandeira Project is situated in the same region as CBL’s Cachoeira lithium mine, which has produced lithium for +30 years, as well as Sigma Lithium Corp.’s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.

About Appian Capital Advisory LLP

Appian Capital Advisory LLP is the investment advisor to long-term value-focused private capital funds that invest solely in mining and mining-related companies. Appian is a leading investment advisor in the metals and mining industry, with global experience across South America, North America, Australia, and Africa and a successful track record of supporting companies to achieve their development targets. Appian has a global team of over 75 experienced professionals with presences in London, New York, Toronto, Vancouver, Lima, Belo Horizonte, Montreal, Dubai, Johannesburg, and Perth.