TORONTO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (Lithium Ionic or the Company) announces the publication of its 2023 Sustainability Report, along with its ONYEN ESG Scorecard, both available for download on its website at www.lithiumionic.com/sustainability. Since completing its public listing in early 2022, Lithium Ionic has taken significant steps towards transparent and responsible Environmental, Social, and Governance (ESG) and sustainability practices to ensure that it aligns its operations with best standard business principles in these areas.
The 2023 Sustainability Report serves as an overview of the Company's accomplishments and future goals, including environmental initiatives, social programming, and corporate ESG objectives, showcasing its dedication to minimizing its environmental footprint, fostering social responsibility, and upholding the highest governance standards.
Highlights of the reports, includes:
- In Q2 2023, Lithium Ionic integrated ONYEN Corporation's ESG reporting software, aligning with prominent international sustainability frameworks such as SASB, GRI, and TCFD, enabling it to seamlessly capture, monitoring, and report ESG datapoints, ensuring compliance with global standards.
- Highlights from the 2023 ONYEN ESG Scorecard:
- Existing governance mechanisms and policies underscore Lithium Ionic's commitment to fostering a transparent, equitable, and safe workplace environment.
- Consistent adherence to environmental and regional regulations with zero instances of non-compliance.
- Utilization of 100% hydroelectric energy for on-site administrative offices, minimizing Scope 2 emissions.
- The Bandeira Project does not traverse any protected areas or culturally protected sites, nor does the project interfere with any endangered species.
- Identification of key material topics through internal materiality assessment that will guide Lithium Ionic's future ESG initiatives.
- In Q4 2023, Lithium Ionic initiated an IRMA Ready self-assessment for the Bandeira Project. The Company is in the process of completing the assessment using IRMA's Mine Measure self-assessment tool to gain insights into how our operational practices align with the IRMA Ready-Standard and industry best practices.
Blake Hylands, P.Geo., Chief Executive Officer of Lithium Ionic, commented, At the heart of our corporate culture lies an unwavering commitment to safety, environmental stewardship, integrity, and corporate responsibility. In the last year, we've made significant strides in advancing our ESG programming and integrating sustainable business practices, and we will strive to be an industry leader in this regard, ensuring transparency and accountability through regular, open, and comprehensive reporting on our ESG progress. I congratulate our team on their accomplishments to date, showcased in our 2023 sustainability report, and we remain focused on continuously enhancing our sustainability efforts.
On behalf of the Board of Directors of Lithium Ionic Corp.
Blake HylandsChief Executive Officer, Director
About Lithium Ionic Corp.
Lithium Ionic is a Canadian mining company exploring and developing its lithium properties in Brazil. Its Itinga and Salinas group of properties cover 14,182 hectares in the northeastern part of Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district. Its Feasibility-stage Bandeira Project is situated in the same region as CBL's Cachoeira lithium mine, which has produced lithium for +30 years, as well as Sigma Lithium (TSXV:SGML) Corp.'s Grota do Cirilo project, which hosts the largest hard-rock lithium deposit in the Americas.
Investor and Media Inquiries:
+1 647.316.2500info@lithiumionic.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute forward-statements. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words estimate, project, belief, anticipate, intend, expect, plan, predict, may or should and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the prospectivity of the Company's mineral properties, the Company's ESG initiatives and ESG performance, the Company's exploration program and other mining projects and prospects thereof, and the Company's future plans. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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