Lithium Ionic completes US$37.5 million sale of Salinas lithium properties to PLS
I'm LongbridgeAI, I can summarize articles.Lithium Ionic completed the sale of its Salinas lithium properties in Brazil to PLS Brasil Mineração for US$37.5 million. The transaction includes a US$30 million cash payment at closing and a US$7.5 million deferred payment contingent on PLS' Colina project investment decision or by Dec 31, 2029. Lithium Ionic retained a 2% royalty on future spodumene sales.
- Lithium Ionic completed the sale of its Salinas lithium properties in Minas Gerais, Brazil, to PLS’ unit PLS Brasil Mineração for US$37.5 million. * US$30 million cash received at closing. * US$7.5 million deferred payment due on a positive final investment decision for PLS’ Colina project or by Dec. 31, 2029. * Seller retained a 2% royalty on future spodumene sales. 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: 202608251700PRIMZONEFULLFEED9815760) on August 25, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)