Announcement • Aug 01
Lithium Ionic Corp Announces Review of Statement of Claim Filed by Emerita Resources Lithium Ionic Corp. announced that it had reviewed a statement of claim filed by Emerita Resources Corp. in the Ontario Superior Court of Justice on July 29, 2026. The claim related to the Falcon Project in Brazil, including certain mining claims that now form part of the Company's Bandeira Project. The statement of claim principally concerned allegations made against certain former directors and officers of Emerita and Lithium Ionic, together with Falcon Metais Ltda, and also named Lithium Ionic and its subsidiary, MGLIT Empreendimentos Ltda. as a defendant. Among other things, Emerita claimed to have an equitable interest in the Bandeira Project and claimed a constructive trust over securities in Lithium Ionic held by the former directors and officers. None of the current directors or officers of Lithium Ionic were named as defendants in the action. The allegations contained in the statement of claim had not been proven. Lithium Ionic disagreed with the allegations made against the Company and believed it was the rightful owner of the Bandeira Project and related assets. The Company intended to respond through the court process and would vigorously protect its rights, its assets and the interests of its shareholders. As the matter was now before the courts, the Company did not intend to comment further on the substance of the allegations at this time, except as required by applicable law. Announcement • Jul 08
Lithium Ionic Issues Requests For Quotation For Construction of Two Underground Mine Portals At Bandeira Lithium Project Lithium Ionic Corp. had issued requests for quotation for the construction of the two underground mine portals at its 100%-owned Bandeira Lithium Project, located in Minas Gerais, Brazil’s globally significant Lithium Valley. The requests for quotation 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. 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. Announcement • Jun 26
Lithium Ionic Provides Update on Engineering, Procurement and Construction-Readiness Progress At Bandeira Lithium Project Lithium Ionic Corp. has provided an update on recent engineering, procurement and construction-readiness progress at its 100%-owned Bandeira Lithium Project, located in Minas Gerais, Brazil’s globally significant “Lithium Valley.” Recent progress reflects continued advancement across key pre-construction workstreams, including site access, mine planning, underground infrastructure engineering and major equipment procurement. Secured direct access to a reliable construction-phase water source through an 18-month lease agreement for abstraction from the Jequitinhonha River. Completed a detailed three-year mine plan and a refined life-of-mine plan for Bandeira with NCL Ingeniería y Construcción SpA, further validating the Feasibility Study announced September 17, 2025. Completed basic engineering for the underground mine portals with Tractebel Engineering, enabling portal construction tendering to advance. Issued tenders for the Project’s main crushing units, with supplier proposals received and under evaluation. In June 2026, the Company executed an 18-month lease agreement with a local landowner securing direct access to the Jequitinhonha River in the municipality of Araçuaí, Minas Gerais, for water abstraction during the construction phase of Bandeira. The agreement grants access to the abstraction point located on the lessor’s property and enables the Company to exercise its existing water rights under the water-use authorization issued by the Agência Nacional das Águas. NCL completed a detailed three-year plan together with a refined LOM plan for Bandeira. The work refines the underground mine schedule, development sequencing and production priorities for the initial years of operation across the full life of the Project. The plan validates and supports the Feasibility Study and the Company’s detailed engineering, construction sequencing and execution planning as Bandeira advances toward a construction decision. The Company has completed basic engineering for the two underground mine portals in collaboration with Tractebel Engineering, part of the ENGIE group. Completion of this basic engineering enables the Company to proceed to the market for portal construction, with the tender process now advancing. The portals are a critical early works component on the path to construction. The Company continues to advance procurement of major process equipment in support of construction readiness. The Project’s main crushing units have been tendered to five crusher suppliers, with five proposals received and currently under evaluation. This tendering activity forms part of the Company’s procurement program as engineering and execution planning continue to advance at Bandeira. 
