Welcome to International Lithium Corp. – Lithium Strategic Investments and Royalty Company.
Our trading symbol is TSXV: ILC
International Lithium Corp. (“ILC”) is a “Clean Tech” lithium resource developer for the “Energy rEVolution” with a portfolio of lithium assets in North America, South America and Europe.
ILC currently owns stakes in highly prospective projects in the most prolific areas of the world for lithium and rare metals. International Lithium’s Joint Ventures with Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”) in Argentina and Ireland are an entry point to a vertically integrated lithium business with the largest lithium materials producer from China.
The Company’s two most important development assets are its 100% stake in the Raleigh Lake hard rock lithium project in Ontario, Canada and its 15.39% stake in the Mariana lithium-potash brine project in Argentina, with a back in right for a further 10%..
The Raleigh Lake project comprises over 3,000 hectares of mineral claims, and drilling will be done in 2019 to establish the scale of the deposit, which has very interesting geology. As well as lithium, previous drilling has shown deposits of caesium, rubidium and tantalum.
The 160 square kilometre Mariana project in Salta, Argentina is in the renowned South American ‘Lithium Belt’ that is host to the vast majority of global lithium resources, reserves and production. It strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salars, or ‘salt lakes’ in the region. Mariana is being developed in Joint Venture with Ganfeng Lithium who are now the managers.
A Preliminary Economic Assessment was published in December 2018, and the full 192 page report was filed by us on SEDAR in January 2019. The consultants’ net present value after tax of the whole Mariana project was USD 191,670,000. This valuation was based on certain assumptions including revenues starting in 2023, an average lithium carbonate price of USD 9,683 per tonne, a mine life of 25 years and a discount rate of 10% p.a, Of course the valuation depends on the validity of these and other assumptions, and on the successful and timely funding of the project.
Complementing the Company’s lithium brine projects are other rare metals pegmatite properties in Canada (Mavis Lake) and Ireland (Avalonia) which are being advanced with the support of joint venture partners Pioneer Resources and Ganfeng Lithium.
With the increasing demand for battery metals driven by electric vehicles and electric battery storage, lithium and other battery metals are rapidly becoming “the new oil” of tomorrow’s green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be one of the green tech resource developers of choice for investors and to build value for its shareholders.
International Lithium Corp.’s mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and battery metal deposits, and to supplement its revenues with royalty streams. A key goal is to become a well funded company to turn that aspiration into reality.
The company’s major shareholders are Chairman and CEO John Wisbey (who has built up his stake since 2016), GFL International (a subsidiary of Ganfeng Lithium), and a private investor. John and the board are keen to build up the company’s institutional shareholder base to help take the company to the next level.
Further inquiries about specifics can be sent to firstname.lastname@example.org.