Welcome to International Lithium Corp. – Lithium resource exploration and development company, royalty owner, and part owner of a 4,410,000 tonne measured and indicated lithium resource in Argentina. Our trading symbol is TSX.V: ILC
- 13.7% of Mariana in Salta, Argentina with right to raise this to 23.7%. One of the biggest lithium salar deposits in the world
- 100% of Raleigh Lake in Ontario, Canada, lithium pegmatite – near Great Lakes and well situated to supply the auto industry in North America
- Other lithium pegmatite properties in Ontario, Canada and Ireland
International Lithium Corp. believes that the ‘20s will be the decade of battery metals, at a time that the world faces a major turning point in the energy market’s dependence on oil and gas and in the governmental and public view of climate change. Our key mission in the new decade is to make money for our shareholders from lithium and battery metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada, Argentina and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. In addition, we have seen the clear and growing wish by the USA and Canada to safeguard their supplies of critical battery metals, and our Canadian properties are strategic in that respect.
A key goal in the new decade is to become a well funded company to turn our aspirations into reality.
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 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 13.70% 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 2020 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 new Resource Estimate, published in January 2020, shows Measured and Indicated Resource to be 4,410,000 tonnes of Lithium Carbonate Equivalent, which is 253% higher than the previous study published in 2017. This makes Mariana one of the more important lithium brine deposits in the world.
A Preliminary Economic Assessment was published in December 2018, and the full 192 page report was filed by us on SEDAR in January 2019. However it was based on previous resource estimates of only 28.2% of the 2020 resource estimates, and it was based on a process methodology of solar evaporation and shipping concentrated brine to China. On those assumptions, 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. A new economic assessment or feasibility study is being produced in 2020 based on solvent extraction, and this may lead to a go to production decision. We do not now expect production to start before the end of 2024.
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. The Company also has royalties both on Mavis Lake and on another project Forgan Lake.
With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated “the new oil”, and is a key part of a “green tech” sustainable economy. By positioning itself with solid strategic partners and projects with significant resource potential, ILC aims to be one of the lithium and battery metals resource developers of choice for investors and to continue to build value for its shareholders in the ‘20s, the decade of battery metals.
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 by ensuring that we can finance our projects to a later stage than in the past, thereby capturing more of the value.
Further inquiries about specifics can be sent to email@example.com.