Ion Energy
Financials:
Primary ticker: TSXV:ION, OTCQB:IONGF
Stage of development: Exploration
Primary minerals: Lithium
Project to promote: Baavhai Uul Lithium Brine Project
Project location: Mongolia
Website: www.ionenergy.ca
Corporate presentation: Click here
Corporate video: Click here
ION Energy Ltd is Mongolia’s first lithium brine explorer and developer, with licences spanning a combined landmass of over 100,000 hectares. The company’s flagship asset, the Baavhai Uul Lithium Brine Project is in the infrastructure-rich South Gobi Desert, just 24 km from the Chinese border. Exploration is underway, as the ION Energy team continues to pursue an aggressive growth strategy.
Cash: CAD5M
Debt: 0.4M
Major shareholders:
Matthew Wood – 11.7%
Bataa Tumur-Ochir – 10.2%
Aneel Waraich – 10%
Ali Haji – 9.68%
Management ownership – 25%
Management Profile
Ali Haji – CEO & Director
Ali Haji is CEO & Director of ION Energy Ltd, a lithium brine explorer in Mongolia and is proudly a member of the family of companies that Steppe Gold Ltd, Mongolia’s premier gold producer, is a leading mining entity of. Ali serves as Director of Antler Hill Mining Ltd and Spirit Banner II Capital Corp., and Advisor to Steppe Gold Ltd for the past 5 years. He has over 13 years of international experience, including asset management, risk analysis and program governance. He also serves as an Advisor to ATMA Capital Markets Ltd. Ali has a BSc from University of Western Ontario.
What is your rationale for taking part 121 Mining Investment?
Looking to share our story, share updates on our exploration progress, gain market support & meet with potential strategic partners.
What recent news would you like to highlight to investors attending?
December 1st, 2021: ION Energy Identifies New Lithium Discovery: White Wolf Prospect, with Highly-Encouraging Results Up To 1,502 ppm
February 1st, 2022: ION Energy Announces Strategic Alliance with Mongolian Copper Explorer
March 3rd, 2022: ION Energy Strengthens Team by Appointing Wendy Li, Director – Asia to focus on strategic partnerships across Asia
What are your key goals in 12 months?
– First post-Covid In-country Site Visit with technical advisors, CEO, investors & analysts – April 2022
– Commence exploration on 2nd lithium brine project: Urgakh Naran – April 2022
– Advance talks with strategics
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
– Lag effect of supply chains & lab delays due to pandemic
– Need to raise more awareness of Mongolia as an investment-friendly jurisdiction
What do you think makes your company such a compelling investment?
– Seasoned team with a proven track record, and very deep relationships within capital markets sector and across all levels of government in Mongolia, while quickly becoming the leading battery metals explorer mere kilometres from the Chinese border.
What are the top 3 key investor takeaways?
– ION Energy has first-mover advantage on the lithium brine front within Mongolia, which still has relatively untapped mineral potential and is neighbours with the largest battery manufacturer & consumer of EVs (China).