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Ion appointment advances pan-Asian lithium network

4 March 2022
Jack Baker
Business network concept. Shaking hands.

Ion Energy strengthens its burgeoning lithium footprint with international supply expert Wendy Li as director to advance strategic relationships across Asia for its Mongolian projects.

The newly minted director has 18 years of experience in commercial and business development across the Asian resources sector, most notably as general manager of international trade for Noble resources.

The lithium-focused company holds around 100 thousand hectares of highly-prospective Mongolian brine tenements with 811 parts per million grades.

Mongolia’s stable and investment-friendly steppes have limited historical lithium exploration and boast low production and transport costs to neighbouring battery titan China.

Lithium’s insane 600 per cent year-on-year growth seems to have no end in sight, and even pessimistic observers of commodity cycles admire its battery-powering fundamentals.

The company said Li’s exceptional track record of building long-term relationships was a valuable addition.

“This will enhance ION’s aggressive growth plan as we strive to play a pivotal role in Asia’s battery metals supply hub,” chief executive and director Ali Haji said.

Ion will soon commence the country’s first-ever drilling for lithium in seasonally flooded dry lakes, otherwise referred to as salars at its Baavhai Uul project, while planning follow-up exploration at Urgakh Naran in the Gobi desert.

ION’s Toronto Stock Exchange (Venture Exchange)-listed price was trading at CA$0.375c today (12:37 pm UTC+8 hours).

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