Lithium Ionic (LTH) has notable insider buying

Lithium Ionic (V:LTH)

Lithium Ionic Corp. (LTH) has a high amount of executive buying compared to its small-cap peers over the past three months. Thomas Olesinski, CFO, acquired 19,500 Common Shares on a direct ownership basis at a price of $2.650 through the public market on June 13th, 2023. This represents a $51,675 investment into the company's shares and an account share holdings change of 52.7%.

Lithium Ionic Corp. is a Canada-based lithium-focused mining company with properties covering approximately 7,700 hectares located in the prolific Aracuai lithium province in Minas Gerais State, Brazil. The Company's Itinga and Galvani claims are located in the same district as the lithium-producing CBL mine and construction-stage Sigma Lithium Corp.'s large Barreiro and Xuxa lithium deposits. The Itinga project is situated approximately 25km east of the town of Aracuai and approximately 594 kilometers (km) northeast of Belo Horizonte in Minas Gerais Province, Brazil. The Company has an option to acquire up to a 100% equity interest in Vale Do Litio Mineracao Ltda. (Vale Litio). Vale Litio has a 100% ownership interest in three lithium mining claims in Minas Gerais, Brazil that cover a total of 3,140 hectares (the Vale Claims).