This is a Brazil based lithium mine I like. They are hitching into local hydro power damn and have a nice mine located in Minas Gerais state in Brazil.
Last month, Lithium Ionic published results that support a long-life and low-cost spodumene concentrate mining project with a post-tax net
present value of $1.6 billion. In comparison, the company’s market capitalization is about
$140 million.
Opportunity?
Bandeira Project – Granted Priority Status
In July 2023, Lithium Ionic’s projects were granted priority status by the state of Minas Gerais regional government bodies, facilitating the acceleration of approvals and licensing through the development process and paving the way toward mine operation and production.
Construction permits are expected to be obtained by mid-2024.
Last month, Lithium Ionic’s 100%-owned Brazilian subsidiary, MGLIT Empreendimentos Ltda, entered into an agreement with Cemig Distribuição S.A., the largest electricity distributor in Brazil. With access to Cemig’s low-cost renewable hydroelectric power, Lithium Ionic will be prepared to fast-track Bandeira toward production by
utilizing its existing power grid.
Lithium Ionic is a Canadian mining company focused on becoming the next significant Brazilian lithium producer. Our properties are located in Brazil’s Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium-producing district. A recent PEA for the Bandeira Project indicates a long-life, low-cost, and highly profitable project with a Post-tax NPV8% of US$1.6B (~C$2.2B) and IRR of 121%. Our goal is to generate significant returns for our stakeholders by becoming the country's next producer of high-quality spodumene concentrate for the global lithium supply chain.
