Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
LTH.V
STRONG SELLREMOVELithium Ionic Corp. · Basic Materials · Canada · $125M · Avg Vol: $199K/d
Lithium Ionic is an early-stage lithium developer with high execution risk and no current cash flows, failing our margin of safety and quality criteria.
COMPANY DESCRIPTION
Lithium Ionic Corp. is a Canadian mining company focused on the acquisition, exploration, and development of high-grade lithium properties in Minas Gerais, Brazil. The company's flagship Itinga project is strategically located in a premier lithium-producing district adjacent to operating mines, benefiting from established infrastructure and favorable local processing options. It operates as a fast-tracked developer poised to supply high-quality spodumene concentrate to the global electric vehicle battery supply chain.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | — |
| EPS | -0.20 | -0.36 | -0.14 | — |
| Shares | 117M | 138M | 159M | +35.4% |
| Debt | 179,308 | 358,543 | 152,832 | -7.7% |
| Equity | 22M | 6M | -2M | -73.3% |
| Op CF | -10M | -33M | -15M | — |
| Inv CF | -7M | 5M | -6M | — |
| Fin CF | 27M | 20M | 30M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of LTH.V are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| LTH.V | Lithium Ionic Corp.(you) | $125M | 5 | STRONG SELL |
| NIM.V | Nicola Mining Inc. | $128M | 5 | STRONG SELL |
| BMM.V | Black Mammoth Metals Corporation | $120M | 4 | STRONG SELL |
| BOGO.V | Borealis Mining Company Limited | $118M | 6 | STRONG SELL |
| NRC.V | Nations Royalty Corp. | $101M | 4 | STRONG SELL |
| LGO.TO | Largo Inc. | $96M | 5 | STRONG SELL |
| NCF.TO | Northcliff Resources Ltd. | $157M | 6 | STRONG SELL |
| TDG.V | TDG Gold Corp. | $113M | 1 | STRONG SELL |
| MMA.V | Midnight Sun Mining Corp. | $148M | 8 | STRONG SELL |
| NEXM.V | NexMetals Mining Corp. | $100M | 7 | STRONG SELL |
Peer medians: ROE -12.3% · P/E 15.3x · Gross margin 0.0%