Lithium Ionic Completes Overdue Financial Filings, Cease Trade Order Set for Revocation

• Lithium Ionic Corp. has filed its audited annual financial statements for the year ended December 31, 2025, along with the related management's discussion and analysis and officer certifications.
• The company has also filed its interim financial statements and related disclosure documents for the three months ended March 31, 2026.
• With these filings complete, the company is now in compliance with its continuous disclosure obligations.
• The management cease trade order issued by the Ontario Securities Commission on May 4, 2026 will be revoked in accordance with its terms on June 9, 2026.
• Chief Financial Officer Tom Olesinski stated the filing delay resulted from additional diligence by the board, management, and auditors, and was not related to any issues with the financial statements themselves.

Lithium Ionic Corp. (TSXV:LTH, OTCQX:LTHCF, FSE:H3N) is a Canada-based lithium development company advancing its wholly owned Bandeira Lithium Project in Minas Gerais, Brazil, an area referred to as the Lithium Valley for its emerging hard-rock lithium deposits. The company's strategy centres on engineering work, permitting, and commercial planning intended to support construction readiness and production of spodumene concentrate, a lithium-bearing material used in battery manufacturing.

Filing of Annual and Interim Financial Statements Restores Continuous Disclosure Compliance

Lithium Ionic has filed its audited financial statements for the year ended December 31, 2025, together with the accompanying management's discussion and analysis and the required CEO and CFO certifications. These filings are available under the company's profile on SEDAR+ and on its website.

The company has also submitted its interim financial statements for the three months ended March 31, 2026, along with the related management's discussion and analysis and officer certifications. With both filings complete, Lithium Ionic has met its outstanding continuous disclosure requirements.

The filings bring the company current on its regulatory reporting obligations for the periods in question, addressing the requirements that had remained outstanding prior to this filing.

Pending Revocation of Management Cease Trade Order Effective June 9, 2026

The Ontario Securities Commission issued a management cease trade order against the company on May 4, 2026, under National Policy 12-203, which governs such orders. A management cease trade order restricts trading by a company's officers and directors and is distinct from a general trading halt on the company's shares.

Having completed its outstanding filings, the company confirmed the order will be revoked in accordance with its terms on June 9, 2026.

Tom Olesinski, Chief Financial Officer, stated:

"We are pleased to have completed and filed our required financial statements and related disclosure documents. Importantly, the filing delay was the result of additional diligence undertaken by the Board of Directors / Special Committee, management and the Company's auditors as part of the audit and review process, and was not the result of any issues, deficiencies, or concerns relating to the Company's financial statements, financial reporting, or underlying business operations. We remain confident in the accuracy and integrity of the Company's financial statements. We appreciate the patience and support of our shareholders during this process and remain committed to maintaining strong financial reporting practices and ensuring timely disclosure going forward."

Continued Focus on Bandeira Lithium Project Development Strategy

Alongside the completion of its filings, Lithium Ionic continues to advance the Bandeira Lithium Project, its wholly owned asset in Brazil's Lithium Valley region. The company's development strategy includes engineering work to reduce technical uncertainty, progression of permitting, and commercial and construction planning.

The stated goal of this work is for Lithium Ionic to become a near-term producer of spodumene concentrate, a lithium-bearing material supplied to battery manufacturers. Spodumene concentrate is a processed form of lithium ore used as a raw material in the production of lithium-ion batteries.

The company's disclosure compliance and the pending revocation of the cease trade order are separate from, but occur alongside, this ongoing project work, with financial reporting now current as the company continues its development activities at Bandeira.

Milestones and Next Steps

Lithium Ionic has filed its annual and interim financial statements for the periods ended December 31, 2025 and March 31, 2026, respectively, resolving its outstanding continuous disclosure requirements. The related management cease trade order is scheduled to be revoked on June 9, 2026. The company's ongoing work at the Bandeira Lithium Project, including engineering, permitting, and commercial planning, continues alongside these regulatory developments.

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