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Lithium Ionic Corp. — Regulatory Filings 2023
Oct 11, 2023
48021_rns_2023-10-10_f6ed9619-2331-4356-98e0-1a24569ae436.pdf
Regulatory Filings
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Lithium Ionic Corp. 36 Lombard Street Floor 4 Toronto, ON M5C 2X3
Item 2 Date of Material Change
October 10, 2023
Item 3 News Releases
A news release was issued by Lithium Ionic Corp. (“ Lithium Ionic ” or the “ Company ”) on October 10, 2023, in respect of the material change and was disseminated through the facilities of GlobeNewswire and filed on SEDAR.
Item 4 Summary of Material Changes
On October 10, 2023, the Company announced that it increased its mineral rights ownership in the Salinas project (“Salinas” or the “Project”) from 40% to 85% as a result of having successfully fulfilled certain exploration commitments, which included R$21.3 million (~CAD$5.75 million) spent on exploration activities on the Project.
Item 5 Full Description of Material Changes
On October 10, 2023, the Company announced that it increased its mineral rights ownership in the Salinas project from 40% to 85% as a result of having successfully fulfilled certain exploration commitments, which included R$21.3 million (~CAD$5.75 million) spent on exploration activities on the Project.
Lithium Ionic gained control of the Salinas project in March 2023 by acquiring Neolit Minerals (as previously announced in the press release dated March 13, 2023). Salinas encompasses nine exploration tenements totaling 5,713 hectares within the Salinas region, situated in the lowpressure, high-temperature Curralinho Pegmatite Field of the lithium-rich Araçuaí Pegmatite District. These claims are located approximately 100 kilometers north of the Company’s wholly owned Itinga Project, including the Bandeira and Outro Lado lithium deposits, in the northern region of Minas Gerais State, Brazil. The Company has been actively drilling at the Salinas Project since May 2023.
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Omitted Information
Item 7
Not applicable.
Item 8 Executive Officer
Blake Hylands CEO Email: [email protected]
Item 9 Date of Report
October 10, 2023