Lithium Ionic agrees to sell Salinas lithium assets to PLS for US$37.5 million cash

Reuters2026/08/12 23:54

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Lithium Ionic agreed to sell its Salinas lithium properties in Brazil to PLS Brasil Mineração for USD 37.5 million cash.
USD 30 million due at closing; USD 7.5 million deferred to the earlier of a positive Colina project FID or Dec. 31, 2029.
Neolit will retain a 2% royalty on future spodumene sales from Baixa Grande, calculated on an FOB basis.
Deal expected to close within 10 business days; proceeds earmarked to advance the 100%-owned Bandeira lithium project.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lithium Ionic Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608121953PRIMZONEFULLFEED9809204) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lithium Ionic agrees to sell Salinas lithium assets to PLS for US$37.5 million cash

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