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by Will Purcell

What a change a day makes: The critical and specialty minerals stocks box score on Friday was an upbeat 104-74-132 as the TSX Venture Exchange rose eight points to 991.99. Blake Hylands's Lithium Ionic Corp. (LTH) bucked Thursday's market meltdown, adding one cent to 99 cents on 1.19 million shares on word that it has significantly advanced its engineering work at the Bandeira project in Brazil. Basic engineering is complete for major design packages, including plant engineering and primary civil engineering, while engineering for raw water and drainage is in the final stage.

As well, tenders for infrastructure and long-lead items are now being deployed according to schedule. Further, "commercial momentum is accelerating," Lithium Ionic glows, as the company has received multiple offtake and debt-financing term sheets, leaving Mr. Hylands, chief executive officer, and his crew "advancing toward binding agreements."

Mr. Hylands is duly pleased with his company's progress: "Bandeira is now firmly in the execution phase," he blathered, adding that with a technically robust and optimized feasibility study in hand, "our focus has shifted to disciplined delivery -- advancing engineering, securing the right commercial partnerships and preparing the project for construction."

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