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Mining & Metals

Lithium Ionic Appoints Clovis Torres to its Board of Directors

Lithium Ionic (LTH.V) on Tuesday said it appointed Clovis Torres to its board of directors.Torres is currently board chair and chief executive officer of Belo Sun Mining (BSX.TO) and a founding partner of Mello, Torres Advogados, a Brazilian law firm, said the company.He previously held a role as an executive and general counsel of Vale S.A. for 17 years ending in 2018, said Lithium Ionic, adding that, at Vale, he also served as secretary to the board of directors and led the company's crisis and ethics committees.Torres also was a member of the board of directors of Petrobras S.A., chairman of the board of BR Distribuidora S.A., and chairman of the board of directors of IBRAM, the Brazilian Mining Institute, stated the company. He has also previously held the roles of president and chief executive officer at Furnas Centrais Eletricas S.A., it said.In addition, Torres has also held senior roles in project finance, international investment, and legal advisory with the International Finance Corporation, Cargill and Clyde & Co, Lithium Ionic added."Clovis recently helped steer Belo Sun through the reinstatement of a key permit for its Volta Grande Gold Project, and that proven ability to navigate Brazil's permitting and regulatory environment will be invaluable as we de-risk and advance Bandeira toward construction," said Chief Executive Blake Hylands.The company's shares were last seen down C$0.01 to C$0.77 on the TSX Venture Exchange.Price: $0.76, Change: $-0.02, Percent Change: -2.56%

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Mining & Metals

Lithium Ionic Initiates Long-Lead Equipment Order at Bandeira Project in Brazil

Lithium Ionic (LTH.V) has placed its first long-lead equipment order at the Bandeira lithium project in Brazil, securing the project's main substation power transformer, the company said Thursday.Ordering the transformer supports schedule certainty while Lithium Ionic advances its broader procurement program and continues to refine the project's capital cost estimate, the company said.Overall project engineering has advanced to about 65% completion, according to Lithium Ionic."Placing our first long-lead order is a tangible signal that Bandeira is moving from the drawing board into execution," CEO Blake Hylands said."With overall engineering now approximately 65% complete and geotechnical work and procurement advancing in parallel, we are steadily de-risking the Project and building momentum toward a construction decision," Hylands added.

$LTH.V
Mining & Metals

Lithium Ionic Extends Date of Response to Waratah Requisition to May 20

Lithium Ionic (LTH.V) on Tuesday said it agreed with Waratah Capital Advisors to extend the deadline to decide on Waratah request to hold a special shareholder meeting to May 20 from April 13.Waratah requested, Lithium Ionic's board to call a special meeting of shareholders to remove Helio Diniz, David Gower and Lawrence Guy as directors of the company, and to vote on the election of directors to fill the vacancies created. Diniz, Gower and Guy resigned from the board on April 20.The company's board intends to engage with Waratah and with other shareholders in connection with filling open positions on the board, it said.Shares of the company were last seen up $0.02 to $1.03 on the TSX Venture Exchange.Price: $1.03, Change: $+0.01, Percent Change: +1.49%

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