Lithium Ionic, RTEK ink operational partnership to optimise Bandeira project
Canadian mining company Lithium Ionic Corporation has appointed RTEK International as a strategic adviser to fast-track the development of the Bandeira lithium project, in Brazil.
In signing a services agreement on April 2, the companies cemented a long-term partnership integrating RTEK’s world-class lithium expertise into Lithium Ionic’s owner’s team, as the project transitions from feasibility to construction stage.
RTEK will conduct a detailed review of the project’s feasibility study and identify opportunities to optimise plant and mine design.
RTEK has more than 80 years of combined lithium experience in chemical and metallurgical operations, process development, geology and project execution, which should help to reduce project timelines and capital intensity.
Lithium Ionic CEO Blake Hylands says the partnership will support Bandeira’s next phase of growth and unlock its full value, in line with the company’s vision for the project.
In turn, RTEK founder and director Brian Talbot comments that the Bandeira project already has a strong foundation in place, which RTEK will help advance to production using proven strategies in design optimisation, cost efficiency and execution discipline.
“Bandeira has all the hallmarks of a globally competitive lithium operation and we look forward to helping unlock that value as part of the owner’s team,” he adds.
Talbot himself was instrumental in developing the Grota do Cirilo project, in Brazil, from construction to production during his time as COO of Sigma Lithium, as well as in doubling output at the Mt. Cattlin mine, in Australia, during his time at Arcadium Lithium.
In turn, as part of the owner’s team, Nicholas Rowley brings to Lithium Ionic 16 years’ experience in strategic mergers and acquisitions, equity financing and commodity trading, with a strong focus on building supply chains for lithium ore sourced from Australia, South America and Africa.
Other joining members, Noel O’Brien and Rodrigo Roso, each offer decades of experience in lithium processing, project development and operations, as well as corporate finance and corporate activity.
These consultants will all be integrated with Lithium Ionic’s owner’s team to drive the advancement of the Bandeira project.
The companies will agree on an operational budget which will be paid in cash, and, if RTEK achieves certain operational milestones such as reducing the project’s costs, RTEK will be entitled to compensation in Lithium Ionic’s common shares.
Meanwhile, Lithium Ionic has also announced the appointment of technical services VP Mike Westendorf as COO of the group, succeeding Paulo Misk.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation