Lithium Ionic completes US$37.5 million sale of Salinas lithium properties to PLS

Reuters2026/08/26 09:23

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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.

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 completes US$37.5 million sale of Salinas lithium properties to PLS

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