Lithium ION Energy
Lithium ION Energy (renaming to Osiris One Metals Ltd.) is a Toronto-listed junior mining explorer developing lithium brine projects in Mongolia and lithium pegmatite projects in Canada's Northwest Territories, serving battery manufacturers and clean-energy buyers across Asia.
- Company typePublic
- Founded2019
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Lithium ION Energy does
Lithium ION Energy (now rebranding to Osiris One Metals Ltd. as of April 2026) is a Canadian-domiciled, TSX Venture-listed junior mining exploration company focused on lithium resources. The company holds three core assets: the flagship Baavhai Uul Lithium Brine Project in southeastern Mongolia (80,000+ hectares, the largest lithium brine exploration license in the country), the Urgakh Naran Lithium Brine Project in Mongolia's South Gobi region (~20,000 hectares), and the Bliss Lake Lithium Pegmatite Project in Canada's Northwest Territories (5,798 hectares, acquired in 2023). Total prospective land position exceeds 100,000 hectares. The company's exploration methodology relies on conventional geophysical techniques — Controlled Source Audio-frequency Magneto-telluric (CSAMT), Transient Electro-Magnetic (TEM), and seismic surveys — combined with hydrogeological studies and diamond core drilling to identify and characterize lithium-bearing aquifers and pegmatites. Notable technical results include drill-confirmed grades up to 1,502 ppm Li at the White Wolf prospect and 954 m of diamond core drilling at Urgakh Naran.
The company is pre-revenue with no commercial mineral production. Its revenue model is effectively a capital-markets model: it funds exploration through equity financings (non-brokered private placements, public offerings, and bought-deal financings) and joint-venture contributions from strategic partners. Cumulative disclosed equity raised is approximately CAD$11.5M across rounds spanning 2020 to 2026. The customer base is limited to upstream exploration partnerships (e.g., Aranjin Resources Ltd. reciprocal exploration alliance, SureFQ Hong Kong JV that subsequently collapsed) and capital markets investors. The company targets battery manufacturers, electric-vehicle producers, and clean-energy storage buyers in Asia — particularly Chinese, Korean, Taiwanese, and Japanese buyers — by leveraging Mongolia's proximity (24 km) to the Chinese border as a logistical alternative to South American lithium.
In 2026 the company entered a period of significant corporate restructuring: CEO Ali Haji and two directors resigned in January 2026, with Sreenath Didugu appointed Interim CEO; a previously announced US$13.5M JV with SureFQ on Urgakh Naran dissolved; the company raised only CAD$0.6M and CAD$1.4M in back-to-back dilutive private placements at $0.04/unit; and the corporate name was changed to Osiris One Metals Ltd. with a re-domicile from Alberta to British Columbia. A 2024 letter of intent for a business combination with United Rare Earths Ltd. remains an open strategic option. Headcount is reported at 1–10 employees.
Lithium ION Energy firmographics
Firmographics- Name
- Lithium ION Energy
- Legal name
- ION Energy Limited
- Website
- https://ionenergy.ca
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Lithium ION Energy (renaming to Osiris One Metals Ltd.) is a Toronto-listed junior mining explorer developing lithium brine projects in Mongolia and lithium pegmatite projects in Canada's Northwest Territories, serving battery manufacturers and clean-energy buyers across Asia.
- Ownership category
- akta.pro rank
Lithium ION Energy industry classification
Industry- Product category
- Lithium Mining and Exploration
- NAICS
- Battery Manufacturing (33591)
- SIC
- Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Lithium Mining & Brine Extraction (IMAKAFAA)
- akta.pro secondary industries
- Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where Lithium ION Energy is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Lithium ION Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Others
Revenue model
- Equity Financing / Capital Markets: As a pre-revenue exploration company, ION Energy raises capital through non-brokered private placements, public offerings, and bought deal financings. Recent financings include $1,409,500 (March 2026), $1,500,000 (upsized, 2026), $5,750,000 (April 2021), and $2,718,998 (2020 qualifying transaction).
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Lithium ION Energy product offering
Product offeringCore offering
Lithium ION Energy is a junior mining company that explores for and develops lithium resources, primarily lithium brine deposits in Mongolia's Gobi Desert. The company manages a portfolio of exploration projects including the flagship Baavhai Uul Lithium Brine Project (80,000+ hectares), the Urgakh Naran Lithium Brine Project (20,000 hectares), and the Bliss Lake Lithium Pegmatite Project in Canada's Northwest Territories, targeting lithium supply for battery manufacturers and clean energy applications.
Product overview
Lithium ION Energy is a lithium exploration and development company operating as Mongolia's first lithium brine explorer and developer. The company manages a portfolio of three core lithium projects: the flagship Baavhai Uul Lithium Brine Project (80,000+ hectares) in southeastern Mongolia, the Urgakh Naran Lithium Brine Project (20,000 hectares) in the South Gobi Desert, and the Bliss Lake Lithium Pegmatite Project (5,798 hectares) in Northwest Territories, Canada. These projects target lithium brine and pegmatite deposits to serve the growing demand for lithium in battery manufacturing for clean energy applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Baavhai Uul Lithium Brine Project Lithium brine exploration project covering 80,000+ hectares in southeastern Mongolia. The largest lithium brine exploration licence awarded in Mongolia, featuring shallow aquifers, an arid Gobi desert environment with high evaporation rates, and proximity to the Chinese border. Targeted at battery manufacturers and clean energy companies needing lithium supply.
- Urgakh Naran Lithium Brine Project Lithium brine exploration project covering approximately 20,000 hectares in the arid and infrastructure-rich South Gobi Desert of Mongolia's Dorngovi Province. Located 150km WNW of the Baavhai Uul flagship project. Acquired in February 2021 for approximately USD$310,000. Targeted at lithium supply for battery manufacturing.
- Bliss Lake Lithium Pegmatite Project Lithium pegmatite exploration project acquired May 2023 in an all-equity milestone-driven transaction. Encompasses 5,798 hectares across five contiguous licences in the Yellowknife Pegmatite Province, NWT, Canada, located 30km from Yellowknife and 5km from road networks, less than 15km from Li-FT Power Ltd's Road Access Group.
Quantifiable outcome
- 1,502 ppm maximum lithium grade discovered at White Wolf Prospect, Baavhai Uul
- +3 more outcomes
Companies that use Lithium ION Energy
Customer profileSegments2 records
Ideal customer profiles3 records
Lithium ION Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Lithium ION Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- United Rare Earths Ltd.coreION Energy signed LOI Agreement for a potential business combination with United Rare Earths Ltd., announced October 31, 2024.
- Aranjin Resources Ltd.coreBinding term sheet for exploration joint venture granting reciprocal exploration rights. ION earns 80% interest in lithium projects on Aranjin's properties and 20% in base metal projects on ION's properties. Aranjin earns 80% in base metals on ION's properties. ION obligated to expend at least USD$500,000 and Aranjin USD$3,000,000 over three years. Ali Haji appointed to Aranjin board as President and CEO.
- SureFQ Hong Kong LimitedminorFormer joint venture partner for Urgakh Naran lithium brine project in Mongolia. Partner withdrew before first anniversary citing internal reasons unrelated to asset quality. ION retains full ownership and all rights to project. Previously announced as US$13.5M JV in March 2025, now dissolved.
- Trinity One Metals Ltd.minorION holds 20% free carry interest in the Victory Copper Gold Project in Mongolia, being advanced by Trinity One Metals Ltd.
Scale indicators10 records
Recent moves10 records
Expansion highlights5 records
Lithium ION Energy competitors and assessment
Company assessmentDirect peers
- Arena Minerals: Junior lithium brine explorer focused on Argentine salars (e.g., Salar de Antofalla). Comparable in size, stage, and asset type to ION's Mongolian brine projects.
- Lithium Americas Corp: Developer of large-scale lithium brine projects (Thacker Pass in the US, Cauchari-Olaroz in Argentina). Comparable as a publicly listed junior/intermediate lithium company progressing brine resources toward production, with a similar exploration-to-development trajectory.
- Lithium Chile Inc. Junior lithium explorer with a portfolio of brine and salars in Chile and Argentina. Closely comparable as a small-cap, exploration-stage lithium company pursuing lithium brine assets in South America with similar capital markets strategy.
- Standard Lithium Ltd. TSX- and NYSE-listed developer of lithium brine projects in the Smackover Formation (US). Comparable as a publicly listed, brine-focused lithium developer pursuing DLE-style processes, with a similar capital-intensive path from exploration to production.
- Galan Lithium Limited: ASX-listed lithium brine explorer/developer with the Hombre Muerto West and Candelas projects in Argentina. Comparable as a junior brine-focused lithium company at a similar stage of resource delineation and project financing.
- Lake Resources NL: ASX-listed lithium brine developer focused on the Kachi project in Argentina. Comparable as a publicly listed junior pursuing brine resources into development with similar financing and offtake challenges.
- Neo Lithium Corp. TSX-listed junior developer of the Tres Quebradas lithium brine project in Argentina. Comparable in size, stage, and asset type (brine) and was ultimately acquired by a Chinese battery materials company — illustrating a likely strategic exit path for juniors like ION.
Broad incumbents
- Pilbara Minerals: ASX-listed lithium hard-rock (spodumene) producer operating the Pilgangoora mine in Western Australia. Larger, established player offering relevant lithium market benchmarks and downstream offtake context for junior explorers like ION.
- Albemarle Corporation: World's largest lithium producer with brine (Atacama) and hard-rock assets. Useful as a strategic acquirer and benchmark for lithium pricing, but far larger and more diversified than ION.
Regional players
- Li-FT Power Ltd. Canadian-focused lithium hard-rock explorer with projects in the Yellowknife Pegmatite Province adjacent to ION's Bliss Lake project. Comparable as a North American peer in the same pegmatite belt but operating in a different jurisdiction and mineralogy (hard-rock vs. brine).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Lithium ION Energy social profiles
Digital presenceLithium ION Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lithium ION Energy leadership team
Management profileNumber of profiles
Lithium ION Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lithium ION Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lithium ION Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lithium ION Energy
What does Lithium ION Energy do?
Lithium ION Energy is a junior mining company that explores for and develops lithium resources, primarily lithium brine deposits in Mongolia's Gobi Desert. The company manages a portfolio of exploration projects including the flagship Baavhai Uul Lithium Brine Project (80,000+ hectares), the Urgakh Naran Lithium Brine Project (20,000 hectares), and the Bliss Lake Lithium Pegmatite Project in Canada's Northwest Territories, targeting lithium supply for battery manufacturers and clean energy applications.
Is Lithium ION Energy a public or private company?
Lithium ION Energy is a public company. It is classified as public and is currently operating.
When was Lithium ION Energy founded?
Lithium ION Energy was founded in 2019. It employs 1 to 10 people.
Where is Lithium ION Energy based?
Lithium ION Energy is headquartered in Toronto, Canada, in the North America region.
How does Lithium ION Energy make money?
One revenue line is on record: equity Financing / Capital Markets.
Who are Lithium ION Energy's main competitors?
Direct peers on record are Arena Minerals, Lithium Americas Corp, Lithium Chile Inc., Standard Lithium Ltd., Galan Lithium Limited, Lake Resources NL and Neo Lithium Corp.. Broad incumbents are Pilbara Minerals and Albemarle Corporation. Li-FT Power Ltd. is listed as a regional player.
Does Lithium ION Energy have an API?
No public API is recorded for Lithium ION Energy.
What industry is Lithium ION Energy in?
Lithium ION Energy's product category is Lithium Mining and Exploration. Its primary akta.pro industry code is IMAKAFAA, Lithium Mining & Brine Extraction, with a secondary code of IMAKAFAI, Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate). Its NAICS code is 33591 and its SIC code is 1090.