Lithium Ionic Files Annual and Interim Financial Statements

Executive Summary

• Lithium Ionic Corp. has filed its audited financial statements for the year ended December 31, 2025, and interim financial statements for the three months ended March 31, 2026.
• The filings satisfy continuous disclosure obligations, triggering the revocation of a Management Cease Trade Order (MCTO) issued by the Ontario Securities Commission on May 4, 2026.
• The CFO clarified that the filing delay was due to additional audit diligence and not to any deficiencies in the financial statements or underlying business operations.

Key Details

• Filed audited financial statements and MD&A for the fiscal year ended December 31, 2025.
• Filed interim financial statements and MD&A for the three months ended March 31, 2026.
• Management Cease Trade Order (MCTO) issued under National Policy 12-203 on May 4, 2026, will be officially revoked on June 9, 2026.
• Filing delay attributed to additional diligence undertaken by the Board of Directors/Special Committee, management, and auditors during the audit and review process.
• CFO confirmed there are no issues, deficiencies, or concerns regarding the Company's financial statements, financial reporting, or underlying business operations.
• Company reaffirms commitment to strong financial reporting practices and timely future disclosures.

Notable Quotes

• Tom Olesinski, Chief Financial Officer: “We are pleased to have completed and filed our required financial statements and related disclosure documents. Importantly, the filing delay was the result of additional diligence undertaken by the Board of Directors / Special Committee, management and the Company's auditors as part of the audit and review process, and was not the result of any issues, deficiencies, or concerns relating to the Company's financial statements, financial reporting, or underlying business operations. We remain confident in the accuracy and integrity of the Company's financial statements. We appreciate the patience and support of our shareholders during this process and remain committed to maintaining strong financial reporting practices and ensuring timely disclosure going forward."