Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

Lithium Ionic Initiates Mine Operations Contractor Tenders and Provides Bandeira Development & Community Engagement Update

Lithium Ionic Advances Bandeira Engineering Amidst Governance Overhang

By The Northwire Desk — AI Analysis May 07, 2026 · 07:00 LTH · 1.12 Lithium Ionic Corp.
Executive Summary
  • The most recent release dated May 7, 2026, confirms engineering progress at the Bandeira Lithium Project has reached approximately 57% completion since the September 2025 Feasibility Study.
  • Procurement activities are underway with Hect engaged to lead tendering for mine operations and underground development contracts.
  • Community engagement milestones were achieved including socio-anthropological studies, social census, and impact workshops to support social license.
  • The company is in final stages of securing a manufacturing slot for the processing plant with supplier commitment expected soon.
  • Technical partners NCL Ingeniería y Construcci\u00f3n SpA., Lycopodium, and RTEK International DMCC are advancing detailed engineering plans.
Material Impact
  • The operational update is consistent with the timeline established in the September 2025 Feasibility Study and January 2026 Year-in-Review, indicating disciplined execution rather than unexpected breakthroughs.
  • While positive for project viability, this news does not resolve the Management Cease Trade Order (MCTO) granted on May 5, 2026, which restricts CEO/CFO trading due to financial filing delays.
  • The progress mitigates some execution risk but does not offset the regulatory overhang created by the MCTO and recent board resignations.
  • Market reaction is likely muted as engineering milestones were anticipated; the primary market concern remains the governance and compliance status rather than operational speed.
LTH · Price
Company Overview
  • Lithium Ionic Corp. is a development-stage lithium company focused on its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil (Lithium Valley).
  • The project utilizes underground mining methods with a modular processing plant design targeting spodumene concentrate production.
  • Updated Feasibility Study (Sept 2025) indicates an NPV(8%) of US$1.45 billion and IRR of 61% with mine life extended to 18.5 years.
  • The company also holds the CBL-Cachoeira Underground Mine and Xuxa Open-Pit Mine, though Bandeira is the primary growth driver.
Read the original news release →

More from Lithium Ionic Corp.

Nov 05, 2026 · 07:00

Lithium Ionic filed a legal defence to protect its Bandeira title amid ongoing litigation with Emerita Resources.

Production / Operations Aug 25, 2026 · 17:00

Lithium Ionic closes the Salinas sale for US$30 million in cash while retaining a 2% royalty on the project.

M&A / Property Aug 12, 2026 · 19:53

Lithium Ionic monetizes the Salinas project to PLS for us$37.5m while retaining a 2% royalty interest.

M&A / Property Jul 30, 2026 · 22:50

Emerita’s lawsuit threatens Lithium Ionic’s ownership of Bandeira, its only near-term asset.

Regulatory Jul 08, 2026 · 07:00

Lithium Ionic issues requests for quotations for its Bandeira project, marking progress toward a final investment decision.

Production / Operations Jun 25, 2026 · 07:00

Lithium Ionic Advances Construction Readiness at Bandeira; Secures Construction-Phase Water Access and Provides Engineering and Procurement Updates

Production / Operations