Lithium Ionic Corp. provided a development update on its Bandeira Lithium Project in Minas Gerais, Brazil, a spodumene deposit advancing toward construction readiness. The project is positioned to supply lithium concentrate used in electric vehicle battery production.
Three-dimensional rendering of the Bandeira Project Plant site reflecting the current stage of engineering and layout development.
Overall engineering is 48% complete following the company’s feasibility study released in September 2025.
Basic plant engineering and primary civil engineering packages have been completed, with detailed engineering on water and drainage systems nearing final stages. Infrastructure tendering is underway as the project moves toward execution.
Bandeira is designed as an underground operation with associated processing infrastructure, including dry-stacked tailings and hydroelectric power integration. Mine access, site infrastructure, and underground development planning are advancing alongside procurement activity.
Lithium Ionic reports active offtake discussions with counterparties in North America, Europe, China, and Japan. Binding agreements are being pursued in parallel with project financing discussions.
Since the feasibility study was released, spodumene concentrate pricing has increased significantly, rising from approximately US$800 per tonne to above US$1,800 per tonne, according to Fastmarkets. Lithium pricing directly influences EV battery cost structure and long-term supply planning.
For EV manufacturers and battery producers, upstream lithium project execution affects material availability, regional sourcing strategy, and cost modeling across future vehicle platforms. As global EV production scales, new spodumene supply remains a key constraint in battery manufacturing expansion.
Filed Under: Batteries, Technology News