Lithium Ionic Secures US$20 Million in Royalty Financing with Appian Capital Advisory

TORONTO, May 30, 2024 – Lithium Ionic Corp. LTH.V, LTHCF, H3N, a company engaged in lithium exploration and development, has announced the execution of a binding term sheet with Appian Capital Advisory LLP ("Appian") for a royalty financing deal amounting to US$20 million. The term sheet details the sale of a 2.25% gross revenue royalty on the company’s operations.

Financing Terms and Company Prospects

The deal, representing a major capital infusion for Lithium Ionic, showcases the confidence Appian has in the company’s resource potential and operational outlook. The funds from the royalty financing are expected to bolster Lithium Ionic's balance sheet, accelerate project development, and provide additional working capital to support ongoing operational needs.

Appian's Investment Strategy

On the other side, Appian, a renowned investment advisor, which offers its services through its US and international platforms, has recognized the growing importance of lithium as a key component in battery technologies and the broader green energy transition. The financing agreement with Lithium Ionic aligns with Appian’s strategy of investing in natural resources with robust demand forecasts. Appian Corporation APPN, headquartered in McLean, Virginia, extends its influence in the finance world by capitalizing on strategic investment opportunities such as this.

Lithium, Financing, Royalty