CEMIG

Lithium Ionic: 2023 Year in Review and Outlook for 2024

Retrieved on: 
Thursday, January 4, 2024
Lithium, Research, CEMIG, Acquisition, MRE, Feasibility study, ESG, State government, ETF, LTH, Technical report, Engineering, Growth, PEA, Initiative, IRMA, Safety, Self-assessment, Responsibility

The mineral resource estimates established on Lithium Ionic’s properties in 2023 are as follows:

Key Points: 
  • The mineral resource estimates established on Lithium Ionic’s properties in 2023 are as follows:
    *Drill data cut-off of August 30, 2023.
  • The Preliminary Economic Assessment ("PEA") completed in October 2023 positioned the Bandeira Lithium Project as a globally competitive, low-cost spodumene concentrate producer.
  • In 2023, Lithium Ionic took essential steps in formalizing its ESG and Safety framework.
  • Lithium Ionic's entire landholdings lie within the Lithium Valley, and in July 2023, all of its properties and projects were granted "priority status" by the state government (see July 19, 2023 , press release).

Lithium Ionic Secures Grid Power Connection Contract with Cemig for Sustainable Electrification of the Bandeira Lithium Project, Minas Gerais, Brazil

Retrieved on: 
Tuesday, October 31, 2023
Lithium, Internal rate of return, ESG, Feasibility study, LTH, Transmission, Electricity, FS, Maintenance, BRL, Carbon footprint, Techno-economic assessment, FSE, Renewable energy, Electric power, Construction, CEMIG

Cemig is the largest electricity distributor in Brazil, serving, through its network extensions, approximately 96% of the State of Minas Gerais.

Key Points: 
  • Cemig is the largest electricity distributor in Brazil, serving, through its network extensions, approximately 96% of the State of Minas Gerais.
  • Lithium Ionic has commissioned an independent NI 43-101 compliant Feasibility Study (“FS”) for Bandeira, which is expected to be completed in early 2024.
  • Following the construction and a technical inspection by Cemig, the transmission lines and substation will be transferred to Cemig.
  • Bandeira Project Location, Existing Substation and Transmission Lines, and New Electrical Infrastructure Layout Connecting Bandeira to Existing Power Grid

G Mining Ventures Achieves Major ESG Milestone with the Signing of Renewable Power Purchase Agreement for Tocantinzinho Gold Project

Retrieved on: 
Thursday, June 1, 2023
Feasibility study, CEMIG, Partnership, TZ, Electricity, Tax, Companhia Siderúrgica Nacional, Corporation, Renewable Energy Certificate (United States), Carbon, Wind, Gold, SEDAR, Biophysical environment, Social, PPA, CO2, Mining, Renewable energy, QC

TZ is currently under construction in the State of Pará, Brazil and remains on budget and on track for commercial production in H2-2024.

Key Points: 
  • TZ is currently under construction in the State of Pará, Brazil and remains on budget and on track for commercial production in H2-2024.
  • Louis-Pierre Gignac, President & Chief Executive Officer, commented: "I am very pleased by the major de-risking milestone of entering into this fixed-price PPA with a reliable electricity supplier.
  • The low-cost power generated from renewable hydroelectric sources will ensure that TZ is in the lower quartile of the global gold production curve both in terms of cost and carbon emissions.
  • This is a major step toward safeguarding value for our shareholders and stakeholders alike."