Lithium Ionic Secures LOI from EXIM for US$266M, Representing 100% of Bandeira Project CAPEX
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Lithium Ionic Corp. has received a non-binding Letter of Interest from the Export-Import Bank of the United States for US$266 million in debt financing, covering 100% of the CAPEX for its Bandeira Lithium Project in Brazil. This marks a significant step towards construction and production within two years.
November 27, 2024 | 12:15 pm
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Lithium Ionic Corp. has secured a LOI from EXIM for US$266M, covering the entire CAPEX for its Bandeira Project. This funding is crucial for advancing towards construction and production.
The LOI from EXIM provides full funding for the Bandeira Project's CAPEX, a critical step for Lithium Ionic to move forward with construction and production plans. This financial backing reduces risk and enhances the company's growth prospects.
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