Lithium Ionic (LTHCF) has stated its focus for 2026 is on completing final steps to transition the Bandeira Project into construction. The company described a disciplined development pathway.
Key priorities include advancing the permitting process, finalizing the project financing strategy, and completing detailed engineering. Offtake discussions are being progressed to final terms as part of the financing strategy.
In parallel, the company is preparing for construction through pre-development activities. These activities involve long-lead equipment procurement and early site works.
These efforts are intended to support a Final Investment Decision. This decision would mark the formal transition from development into construction.
The company stated these initiatives represent the final phase of de-risking for Bandeira. They position Lithium Ionic to move confidently into construction.
This reinforces its strategy to become a near-term, low-cost lithium producer in Brazil's Lithium Valley. Lithium Ionic thanked its shareholders for their continued support.
The company enters 2026 focused on disciplined execution. It is advancing Bandeira toward construction and the realization of its long-term value potential.
Lithium Ionic also reported it has terminated an option agreement. The agreement was originally announced on July 3, 2024.
The agreement was with K2 Mineracao e Exportacao EIRELI, Super Classico Comercio, Importacao e Exportacao Ltda., and Minerales Empreendimentos, Mineracao e Participacoes Ltda. It covered certain mineral claims located in Itinga, within the Curralinho Pegmatite Field of the Aracuai Pegmatite District, Minas Gerais, Brazil.
As part of the termination, Neolit Minerals Participacoes Ltda., the company's wholly owned Brazilian subsidiary, divested its minority interests. These interests were in the special purpose companies associated with the K2 Option Agreement.
This action completed the company's withdrawal from the transaction. The decision to terminate the agreement reflects Lithium Ionic's continued focus on disciplined capital allocation.
It also reflects prioritizing its most advanced and value-accretive assets in Brazil's Lithium Valley. This includes the advancement of the Bandeira Project towards construction.