Lithium Ionic Announces Maiden Mineral Resource Estimate and Initiation of PEA at its Salinas Project, Minas Gerais, Brazil; Increases Regional Mineral Resources by 45%

Salinas MRE increases global resources by 45% to 47.8Mt M&I: 5.86Mt @ 1.09% Li2O Inferred 8.9Mt @ 0.97% Li2O ~65% of the MRE is considered open pit PEA for Salinas initiated; completion expected in H2 2024 Bandeira Operational Update Feasibility