Lithium Ionic Corp (LTH) Financials
TSXV: LTH · Lithium · Development stage
- Market cap$76.0M
- Share price$0.385
- 52-week range$0.360 – $1.47
- Shares outstanding197,301,209
- ExchangeTSXV
- Websitelithiumionic.com
Lithium Ionic is a Canadian lithium development company focused on responsibly advancing its Bandeira Lithium Project in Minas Gerais, Brazil, a region coined the 'Lithium Valley' that is emerging as a premier hard-rock lithium district. The Company is executing on a focused development strategy centered on engineering de-risking, permitting advancement, commercial planning, and construction readiness, with the goal of becoming a near-term producer of high-quality spodumene concentrate for global battery supply chains.
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Lithium Ionic Corp financial statements
Key figures read from 22 of 23 financial statement filings, May 31, 2021 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$17,521,608 | C$23,756,282 | C$11,167,803 | C$21,492,788 | C$621,789 |
| Short-term investments | — | — | C$0 | C$10,000,000 | — |
| Total current assets | C$18,653,814 | C$24,820,132 | C$12,015,637 | C$32,491,801 | — |
| Total current liabilities | C$4,215,681 | C$5,794,327 | C$4,782,662 | C$2,119,504 | — |
| Working capital | C$14,438,133 | C$19,025,805 | C$7,232,975 | C$30,372,297 | — |
| Property, plant and equipment | C$608,380 | C$770,806 | C$1,184,553 | C$345,742 | — |
| Total assets | C$51,889,984 | C$32,674,183 | C$13,200,190 | C$32,837,543 | C$621,789 |
| Total liabilities | C$32,728,385 | C$35,730,634 | C$5,021,534 | C$2,256,282 | — |
| Shareholders' equity | C$19,161,599 | (C$3,056,451) | C$8,178,656 | C$30,581,261 | C$589,264 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$1,505,669 | C$18,345,531 | C$53,990,151 | C$9,870,898 | C$27,337 |
| General and administrative | C$6,909,705 | C$6,365,188 | C$5,347,853 | C$4,150,078 | C$752,031 |
| Share-based compensation | C$830,617 | C$612,300 | C$3,008,710 | C$6,945,065 | C$0 |
| Net income (loss) | (C$3,912,322) | (C$29,191,978) | (C$64,324,163) | (C$26,125,384) | (C$779,368) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$11,057,168) | (C$21,047,931) | (C$44,910,192) | (C$14,455,876) | — |
| Investing cash flow | (C$12,828,281) | (C$8,461,885) | C$6,600,409 | (C$9,398,870) | — |
| Financing cash flow | C$18,519,687 | C$41,026,944 | C$27,984,798 | C$37,558,847 | — |
| Property, plant and equipment spending | (C$26,994) | (C$46,317) | (C$654,087) | (C$99,980) | — |
| Proceeds from share issues | C$18,263,091 | C$15,992,800 | C$28,750,334 | C$39,000,000 | — |
| Change in cash | (C$6,234,674) | C$12,588,479 | (C$10,324,985) | C$13,704,101 | C$211,789 |
| Cash at end of period | C$17,521,608 | C$23,756,282 | C$11,167,803 | C$21,492,788 | C$621,789 |
Lithium Ionic Corp financings
4 financings announced or closed by Lithium Ionic Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-09-22 | Lithium Ionic Corp (LTH) | Private placement, non-brokered | Tranche closed, 1 tranche | $12.8M | $0.700 | Lithium Ionic Announces $10M Non-brokered Private Placement Backed by Martin Rowley, RTEK and Key Strategic Shareholders |
| 2024-11-27 | Lithium Ionic Corp (LTH) | Private placement | Announced | US$266.0M | — | Lithium Ionic Secures LOI from EXIM for US$266M, Representing 100% of Bandeira Project CAPEX |
| 2024-06-03 | Lithium Ionic Corp (LTH) | Private placement, non-brokered | Closed, 1 tranche | $16.0M | $0.900 | Lithium Ionic Announces $15M Premium to Market Private Placement With Strategic Shareholders |
| 2024-05-30 | Lithium Ionic Corp (LTH) | Stream | Announced | US$20.0M | — | Lithium Ionic Announces Binding Term Sheet for US$20 Million Royalty Financing with Appian |