MVP Lithium, a global leader in green solutions for lithium extraction, has announced its annual dividend payout for 2024. Shareholders of record as of the close of business on April 30, 2025, will receive a dividend of $0.50 per common share. The dividend will be disbursed on May 27, 2025, and qualifies as an “eligible dividend” under the Income Tax Act (Canada).
The company’s CEO, Max Iyer, expressed enthusiasm for the announcement, stating, “MVP Lithium’s priority has always been developing and capturing value for its shareholders. Last year was a banner year for the company that will take the business to new heights of discovery and success. We are thrilled to be able to share these exciting times with our shareholders. There has never been a more pressing need for lithium on a global scale. MVP Lithium is at the forefront of this technology. We look forward to continuing to push the boundaries of what people currently believe to be possible with green lithium.
A Year of Remarkable Discoveries and Growth
MVP Lithium achieved significant milestones in 2024, solidifying its reputation as a leader in sustainable lithium resource development. In October 2024, the company announced a groundbreaking discovery within the Montney Formation in Western Canada. This discovery revealed an estimated in-situ lithium carbonate equivalent (LCE) resource of 9.9 million tonnes, with an average lithium concentration of 55 mg/L. The resource spans an impressive area of approximately 37,000 square kilometers, representing a major achievement in the company’s exploration of lithium-rich geological formations.
The Montney Formation discovery has been lauded as a transformative moment for MVP Lithium. It positions the company to significantly contribute to the burgeoning demand for lithium as the world transitions to clean energy solutions. The scale and quality of the resource underscore MVP Lithium’s commitment to innovative and sustainable resource development.
In November 2024, MVP Lithium further strengthened its position with another monumental discovery. The company identified record-high lithium concentrations in brines found in the Duperow Formation, located in Saskatchewan, Canada. These brines contain lithium concentrations of 309 mg/L, a level that sets a new benchmark for lithium-rich brine resources in North America. This discovery underscores the company’s relentless focus on advancing sustainable and efficient lithium extraction technologies.
Leading the Charge in Green Energy Solutions
MVP Lithium’s commitment to sustainability extends beyond its impressive resource discoveries. The company employs cutting-edge technologies to extract lithium from brines in an environmentally responsible manner. Its zero-carbon emission approach and focus on ethical sourcing make MVP Lithium a key player in the global clean energy transition.
Lithium is a critical component in battery technology, powering everything from electric vehicles to renewable energy storage systems. As global demand for lithium surges, MVP Lithium is uniquely positioned to meet this need through its innovative and sustainable practices. By leveraging advanced extraction technologies, the company minimizes environmental impact while maximizing resource efficiency.
Max Iyer emphasized the company’s forward-looking vision, stating, “There has never been a more pressing need for lithium on a global scale. MVP Lithium is at the forefront of this technology. We look forward to continuing to push the boundaries of what people currently believe to be possible with green lithium.”
A Commitment to Shareholder Value
MVP Lithium’s annual dividend payout underscores its dedication to creating and delivering value for its shareholders. The $0.50 per share dividend reflects the company’s strong financial performance and its confidence in future growth. This payout also aligns with the company’s mission to share its successes with stakeholders who have supported its journey.
The announcement of the dividend comes at a time of unprecedented growth and achievement for MVP Lithium. The company’s resource discoveries, coupled with its commitment to sustainability and innovation, position it as a leader in the lithium industry. By consistently delivering on its promises, MVP Lithium has established itself as a trusted partner in the global effort to transition to cleaner energy sources.
About MVP Lithium
MVP Lithium Limited is a pioneering company dedicated to the sustainable and ethical extraction of lithium from rich brines in Western Canada. Utilizing advanced technologies, the company focuses on zero-carbon emission methods to deliver high-quality, responsibly sourced lithium. MVP Lithium’s operations play a crucial role in supporting the global shift to clean energy, providing the essential materials needed for the development of electric vehicles, renewable energy systems, and other green technologies.
The company’s strategic focus on innovation, sustainability, and shareholder value has made it a leader in the industry. With its recent discoveries and commitment to advancing green energy solutions, MVP Lithium is well-positioned to shape the future of lithium extraction and contribute to a more sustainable world.
