Lithium Ionic Commences Trading on the OTCQB in the United States
August 11 2022 - 06:00AM
Lithium Ionic Corp. (TSXV: LTH; OTCQB: LTHCF) (“
Lithium
Ionic” or the “
Company”) is pleased to
announce that, effective August 11, 2022, its common shares shall
commence trading on the OTCQB Venture Market (the “OTCQB”) in the
United States under the stock symbol “LTHCF”.
The OTCQB is a U.S. trading platform that is
operated by the OTC Markets Group in New York, and is the premiere
marketplace for early-stage and developing U.S. and international
companies. Participating companies must be current in their
reporting and undergo an annual verification and management
certification process. The OTCQB Venture quality standards provide
a strong baseline of transparency, as well as the technology and
regulation to improve the information and trading experience for
investors. Investors can find real-time quote and market
information for Lithium Ionic at
https://www.otcmarkets.com/stock/LTHCF/overview.
Lithium Ionic has also received DTC eligibility
by the Depository Trust Company ("DTC") for its shares traded on
the OTCQB.
The DTC is a subsidiary of the Depository Trust
& Clearing Corporation and manages the electronic clearing and
settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are
considered “DTC eligible.” This electronic method of clearing
securities speeds up the receipt of stock and cash, and thus
accelerates the settlement process for investors and brokers,
enabling the stock to be traded over a much wider selection of
brokerage firms by coming into compliance with their requirements.
Being DTC eligible is expected to greatly simplify the process of
trading and transferring the Company’s common shares on the
OTCQB.
About Lithium Ionic Corp.
Lithium Ionic is a publicly-traded company which
owns a 100% ownership interest in the Itinga lithium project in
Brazil (the “Itinga Project” or the
“Project”).
The Itinga Project is located in Minas Gerais
State (MG), Brazil. The Project comprises five mineral licenses
covering more than 1,300 hectares in the prolific Aracuai lithium
province. A portion of the Project occurs immediately south of the
CBL lithium mine and plant, Brazil’s only lithium producer, and
immediately north of the large Barreiro and Xuxa lithium deposits
of Sigma Lithium Corp.
The Project area has excellent infrastructure,
including access to hydroelectrical grid power, water, a commercial
port, highways and communities. Lithium mineralization (spodumene,
lepidolite, petalite) occurs within a halo of pegmatite dikes and
apophyses that occur within the rocks surrounding Neoproterozoic
granitic intrusions. Mineralization within the mineralized province
and the distribution of the mineralized pegmatites is controlled by
a complex and crosscutting system of northeast and northwest
oriented faults that were exploited by the dikes. Mineralized
structures have been identified in two areas within the Project and
the remainder of the Project area remains to be explored.
For more information please
contact:
Lithium Ionic Corp. Blake
Hylands, P.Geo.Chief Executive OfficerEmail:
bhylands@lithiumionic.com
Cautionary Note Regarding
Forward-Looking Statements
This press release contains statements that
constitute “forward-statements.” Such forward looking statements
involve known and unknown risks, uncertainties and other factors
that may cause the Company’s actual results, performance or
achievements, or developments to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Although the Company
believes, in light of the experience of its officers and directors,
current conditions and expected future developments and other
factors that have been considered appropriate that the expectations
reflected in this forward-looking information are reasonable, undue
reliance should not be placed on them because the Company can give
no assurance that they will prove to be correct. When used in this
press release, the words “estimate”, “project”, “belief”,
“anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or
“should” and the negative of these words or such variations thereon
or comparable terminology are intended to identify forward-looking
statements and information. The forward-looking statements and
information in this press release include information relating to
the Company’s OTCQB listing, the trading of the Company’s shares
and the Company’s future plans. Such statements and information
reflect the current view of the Company. Risks and uncertainties
that may cause actual results to differ materially from those
contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. The forward-looking information
contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is
subject to change after such date. Readers should not place undue
importance on forward-looking information and should not rely upon
this information as of any other date. The Company undertakes no
obligation to update these forward-looking statements in the event
that management’s beliefs, estimates or opinions, or other factors,
should change.
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
press release.
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