MVP Lithium announces shareholder annual dividend for 2024

Dividend payout strengthens company's commitment to shareholder value amid global demand for green lithium solutions

CALGARY, Alberta--(BUSINESS WIRE)--Midas Vantage Projects (MVP) Lithium Limited, the world’s leader in green solutions for lithium extraction, announces company’s annual dividend payout for 2024 at $0.50 per common share to shareholders of record as of the close of business on April 30, 2025.

The dividend will be paid on May 27, 2025. The dividend qualifies as “eligible dividend” as defined in the Income Tax Act (Canada).

“MVP Lithium’s priority has always been developing and capturing value for its shareholders,” says MVP Lithium CEO Max Iyer. “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.”

In October 2024, the company announced the discovery of an estimated in-situ lithium carbonate equivalent (LCE) resource of 9.9 million tonnes, with an average concentration of 55 mg/L, within the Montney Formation in Western Canada. The resource spans an estimated area of 37,000 square kilometers, marking a major milestone for MVP Lithium in its ongoing exploration of lithium-rich formations.

In November 2024, the company announced the discovery of record high lithium concentration in brines found in Canada. The brines, located in the Duperow Formation in Saskatchewan, contain an impressive concentration of 309 mg/L, marking a significant milestone in the company’s ongoing efforts to develop sustainable lithium sources.

These discoveries strengthen MVP Lithium’s position as a leader in the exploration and development of lithium resources, particularly in North America.

About MVP Lithium

MVP Lithium Limited leverages advanced cutting-edge technologies to extract lithium from Western Canada’s rich brines, positioning itself as a leader in sustainable and responsible resource management. Committed to delivering zero-carbon emission and ethically sourced lithium, the company plays a pivotal role in supporting the global clean energy transition as a key provider of responsibly sourced lithium and green energy solutions.