Bandeira Lithium Project Updated MRE Completed

TORONTO - Lithium Ionic Corp. announced an updated mineral resource estimate (MRE) for its Bandeira Lithium Project located in Minas Gerais, Brazil. The MRE reflects continued growth and resource conversion across the deposit, underscoring the scale, geological continuity, and long-life potential of Bandeira as it advances toward development.

Measured and Indicated (M&I) MRE of 27.27 million tonnes (Mt) grading 1.34% Li2O, containing 901,059 tonnes of lithium carbonate equivalent (LCE”); with an additional Inferred MRE of 18.55Mt grading 1.34% Li2O, or 615,432 tonnes of LCE. M&I growth represents a 30% increase in tonnage compared to the MRE used in the Company’s Feasibility Study and a 15% increase compared to the MRE in 2024. The updated MRE is based on 297 drill holes (60,301 metres), drilled between April 2022 and September 2024.

The MRE maintains consistent grade while expanding tonnage, reflecting strong continuity and growth potential. The updated Bandeira MRE increases the consolidated, global mineral resources to 36.76 Mt grading 1.31% Li2O in the M&I category, in addition to 31.87 Mt grading 1.19% Li2O in the Inferred category. The Company plans to integrate the new MRE into an updated Feasibility Study, expected in H2 2025.

Blake Hylands, CEO, said, “Bandeira continues to grow substantially while maintaining consistent grade, further validating its robustness and scale potential. This updated resource supports our mine planning efforts and will be an important input as we work through detailed engineering and evaluate future production scalability.”