{"success":true,"data":{"pressRelease":{"id":"21082","rtpr_id":"nGNXb1plmH","ticker":"LTH","exchange":"","all_tickers":["LTH"],"title":"Lithium Ionic Responds to Shareholder Requisition","author":"Globe Newswire","published_at":"2026-05-05T12:42:39.107Z","article_body":"TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH;\nOTCQX: LTHCF; FSE: H3N\n(https://www.globenewswire.com/Tracker?data=W6LmEljQ6hoceJ0KgfxuiRrUrJ-IWPp8598rvuUT5Bm70y4oFeFlehnke1r1wcpR-kfD03zn_bOoJj1cSpYg3f8QsodUPMR1-ins-QZXtKZNuCC0EjHAAV3vQJzP5wJ1m8bMNGpTDBSNMjIWaQlItnL8Q6JT4tlZY3jLDA85Bzk=))\n(“Lithium Ionic” or the “Company”) advises that it has agreed with\nWaratah Capital Advisors Ltd. (“Waratah”) to extend to May 20, 2026 the\ndate by which the Company must respond to the requisition received from\nWaratah on April 13, 2026.\n\nIn the requisition, Waratah requested that the board of directors of Lithium\nIonic call a special meeting of shareholders to remove Hélio Diniz, David\nGower and Lawrence Guy as directors of the Company, and to consider and to\nvote on the election of directors to fill the vacancies created.\n\nAs announced by the Company on April 20, 2026, Messrs. Diniz, Gower and Guy\nhave resigned as directors of the Company.\n\nThe board of directors intends to engage with Waratah and with other\nshareholders in connection with filling open positions on the board. The board\nof directors is committed to good governance and constructive engagement with\nits shareholders and will provide further updates as appropriate.\n\nAbout Lithium Ionic Corp.\n\nLithium Ionic is a Canadian lithium development company focused on responsibly\nadvancing its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil, a\nregion coined the “Lithium Valley” that is emerging as a world-class\nhard-rock lithium district. The Company is executing on a focused development\nstrategy centered on engineering de-risking, permitting advancement,\ncommercial planning, and construction readiness, with the goal of becoming a\nnear-term producer of high-quality spodumene concentrate for global battery\nsupply chains.\n\nFor further information:\n\nLithium Ionic Corp. \n\nBlake Hylands\nChief Executive Officer\n+1 647.316.2500\ninfo@lithiumionic.com\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains “forward-looking information” within the\nmeaning of applicable securities laws. All statements contained herein that\nare not historical in nature contain forward-looking information.\nForward-looking information can be identified by words or phrases such as\n“may”, “will”, “expect”, “likely”, “should”, “would”,\n“plan”, “anticipate”, “intend”, “potential”, “proposed”,\n“estimate”, “believe” or the negative of these terms, or other similar\nwords, expressions and grammatical variations thereof, or statements that\ncertain events or conditions “may” or “will” happen, or by discussions\nof strategy. The forward-looking information contained in this press release,\nincludes, but is not limited to, the calling of a shareholders’ meeting as\nrequested by Waratah, the taking of any steps by the Company in response to\nWaratah’s concerns, the outcome of recent regulatory proceedings against\nanother reporting issuer and certain individuals, the Company’s ability to\nfinance and develop the Bandeira project, the prospectivity and development of\nthe Company’s mineral properties, the ability of the Company to become a\nnear-term lithium producer and the Company’s future plans.\n\nThe forward-looking information contained herein is made as of the date of\nthis press release and is based on assumptions management believed to be\nreasonable, including management's perceptions of historical trends, current\nconditions and expected future developments, as well as other considerations\nthat are believed to be appropriate in the circumstances. While we consider\nthese assumptions to be reasonable based on information currently available to\nmanagement, there is no assurance that such expectations will prove to be\ncorrect.\n\nBy their nature, forward-looking information is subject to inherent risks and\nuncertainties that may be general or specific and which give rise to the\npossibility that expectations, forecasts, predictions, projections or\nconclusions will not prove to be accurate, that assumptions may not be correct\nand that objectives, strategic goals and priorities will not be achieved. A\nvariety of factors, including known and unknown risks, many of which are\nbeyond our control, could cause actual results to differ materially from the\nforward-looking information in this press release. Such factors include,\nwithout limitation: risks relating to the market price of the Common Shares,\nregulatory risks, and risk's relating to the Company's ability to execute its\nbusiness strategy and the benefits realizable therefrom. Additional risk\nfactors can also be found in the Company's current MD&A and annual information\nform, both of which have been filed under the Company's SEDAR+ profile at\nwww.sedar.com. Readers are cautioned not to put undue reliance on\nforward-looking information. The Company undertakes no obligation to update or\nrevise any forward-looking information, whether as a result of new\ninformation, future events or otherwise, except as required by applicable law.\nForward-looking statements contained in this news release are expressly\nqualified by this cautionary statement.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release or has in any way\napproved or disapproved of the contents of this news release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3fd96b97-67ea-4de7-9109-3aec2924b948)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXb1plmH","title":"Lithium Ionic Responds to Shareholder Requisition","author":"Globe Newswire","ticker":"LTH","created":"2026-05-05T12:42:39.107Z","tickers":["LTH"],"exchange":"","article_body":"TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH;\nOTCQX: LTHCF; FSE: H3N\n(https://www.globenewswire.com/Tracker?data=W6LmEljQ6hoceJ0KgfxuiRrUrJ-IWPp8598rvuUT5Bm70y4oFeFlehnke1r1wcpR-kfD03zn_bOoJj1cSpYg3f8QsodUPMR1-ins-QZXtKZNuCC0EjHAAV3vQJzP5wJ1m8bMNGpTDBSNMjIWaQlItnL8Q6JT4tlZY3jLDA85Bzk=))\n(“Lithium Ionic” or the “Company”) advises that it has agreed with\nWaratah Capital Advisors Ltd. (“Waratah”) to extend to May 20, 2026 the\ndate by which the Company must respond to the requisition received from\nWaratah on April 13, 2026.\n\nIn the requisition, Waratah requested that the board of directors of Lithium\nIonic call a special meeting of shareholders to remove Hélio Diniz, David\nGower and Lawrence Guy as directors of the Company, and to consider and to\nvote on the election of directors to fill the vacancies created.\n\nAs announced by the Company on April 20, 2026, Messrs. Diniz, Gower and Guy\nhave resigned as directors of the Company.\n\nThe board of directors intends to engage with Waratah and with other\nshareholders in connection with filling open positions on the board. The board\nof directors is committed to good governance and constructive engagement with\nits shareholders and will provide further updates as appropriate.\n\nAbout Lithium Ionic Corp.\n\nLithium Ionic is a Canadian lithium development company focused on responsibly\nadvancing its 100%-owned Bandeira Lithium Project in Minas Gerais, Brazil, a\nregion coined the “Lithium Valley” that is emerging as a world-class\nhard-rock lithium district. The Company is executing on a focused development\nstrategy centered on engineering de-risking, permitting advancement,\ncommercial planning, and construction readiness, with the goal of becoming a\nnear-term producer of high-quality spodumene concentrate for global battery\nsupply chains.\n\nFor further information:\n\nLithium Ionic Corp. \n\nBlake Hylands\nChief Executive Officer\n+1 647.316.2500\ninfo@lithiumionic.com\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains “forward-looking information” within the\nmeaning of applicable securities laws. All statements contained herein that\nare not historical in nature contain forward-looking information.\nForward-looking information can be identified by words or phrases such as\n“may”, “will”, “expect”, “likely”, “should”, “would”,\n“plan”, “anticipate”, “intend”, “potential”, “proposed”,\n“estimate”, “believe” or the negative of these terms, or other similar\nwords, expressions and grammatical variations thereof, or statements that\ncertain events or conditions “may” or “will” happen, or by discussions\nof strategy. The forward-looking information contained in this press release,\nincludes, but is not limited to, the calling of a shareholders’ meeting as\nrequested by Waratah, the taking of any steps by the Company in response to\nWaratah’s concerns, the outcome of recent regulatory proceedings against\nanother reporting issuer and certain individuals, the Company’s ability to\nfinance and develop the Bandeira project, the prospectivity and development of\nthe Company’s mineral properties, the ability of the Company to become a\nnear-term lithium producer and the Company’s future plans.\n\nThe forward-looking information contained herein is made as of the date of\nthis press release and is based on assumptions management believed to be\nreasonable, including management's perceptions of historical trends, current\nconditions and expected future developments, as well as other considerations\nthat are believed to be appropriate in the circumstances. While we consider\nthese assumptions to be reasonable based on information currently available to\nmanagement, there is no assurance that such expectations will prove to be\ncorrect.\n\nBy their nature, forward-looking information is subject to inherent risks and\nuncertainties that may be general or specific and which give rise to the\npossibility that expectations, forecasts, predictions, projections or\nconclusions will not prove to be accurate, that assumptions may not be correct\nand that objectives, strategic goals and priorities will not be achieved. A\nvariety of factors, including known and unknown risks, many of which are\nbeyond our control, could cause actual results to differ materially from the\nforward-looking information in this press release. Such factors include,\nwithout limitation: risks relating to the market price of the Common Shares,\nregulatory risks, and risk's relating to the Company's ability to execute its\nbusiness strategy and the benefits realizable therefrom. Additional risk\nfactors can also be found in the Company's current MD&A and annual information\nform, both of which have been filed under the Company's SEDAR+ profile at\nwww.sedar.com. Readers are cautioned not to put undue reliance on\nforward-looking information. The Company undertakes no obligation to update or\nrevise any forward-looking information, whether as a result of new\ninformation, future events or otherwise, except as required by applicable law.\nForward-looking statements contained in this news release are expressly\nqualified by this cautionary statement.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release or has in any way\napproved or disapproved of the contents of this news release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3fd96b97-67ea-4de7-9109-3aec2924b948)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-05T12:42:39.146217341Z","server_sent_at_ms":1777984959146},"received_at":"2026-05-05T12:42:39.199Z","source_url":"https://www.globenewswire.com/news-release/2026/05/05/3287707/0/en/lithium-ionic-responds-to-shareholder-requisition.html"},"analysis":{"id":"15608","press_release_id":"21082","analysis_json":{"industry":{"label":"Materials","sector":"Materials"},"redFlags":[],"eventType":"board_change","narrative":"Lithium Ionic has agreed to extend the deadline to respond to a requisition from Waratah Capital Advisors to May 20, 2026.\n\nThe requisition sought the removal of Hélio Diniz, David Gower, and Lawrence Guy, but the company confirmed these directors have already resigned.\n\nThe board plans to engage with Waratah and other shareholders to fill the resulting vacancies.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Governance dispute effectively ends with director resignations; extension is a formality."},"keyFigures":{},"quotedText":"","namedEntities":{"people":[{"name":"Hélio Diniz","role":"Former Director"},{"name":"David Gower","role":"Former Director"},{"name":"Lawrence Guy","role":"Former Director"},{"name":"Blake Hylands","role":"Chief Executive Officer"}],"products":["Bandeira Lithium Project"],"companies":[{"name":"Lithium Ionic Corp.","ticker":"LTH"},{"name":"Waratah Capital Advisors Ltd.","relationship":"shareholder"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"The primary conflict—activist shareholder seeking director removal—has effectively been resolved since the targeted directors resigned prior to this extension. The update is procedural governance news rather than a market-moving event."},"tickerRelevance":{"others":[],"primary":"LTH"},"globalImportance":10,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"governance-update","sectorWeight":"low"}},"event_type":"board_change","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Lithium Ionic has agreed to extend the deadline to respond to a requisition from Waratah Capital Advisors to May 20, 2026.\n\nThe requisition sought the removal of Hélio Diniz, David Gower, and Lawrence Guy, but the company confirmed these directors have already resigned.\n\nThe board plans to engage with Waratah and other shareholders to fill the resulting vacancies.","key_figures":{},"named_entities":{"people":[{"name":"Hélio Diniz","role":"Former Director"},{"name":"David Gower","role":"Former Director"},{"name":"Lawrence Guy","role":"Former Director"},{"name":"Blake Hylands","role":"Chief Executive Officer"}],"products":["Bandeira Lithium Project"],"companies":[{"name":"Lithium Ionic Corp.","ticker":"LTH"},{"name":"Waratah Capital Advisors Ltd.","relationship":"shareholder"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:511026a279f8af46","schema_hash":"sha256:96555d0809de301c","created_at":"2026-05-05T14:57:09.084Z","global_importance":10,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"governance-update","sectorWeight":"low"}},"durationMs":null,"modelName":"glm-4.7"}}