Monday, 26 October 2015

Tesla: Ganfeng, International Lithium, Golf Carts and Pegasus.




  My dear friends, I have just celebrated with my Lithium Dog 3 million visits to this blog. It is not about "narcissism", I am just still stupid enough to care about some things. And I have to, not for me to decide. It is the last excuse and long transcription - I promise, it is just my duty to all those who is still with us. Everybody else, thank you for stopping by and good luck to you. I will better stay with those who is on my wavelength and nobody told you so far that I am even close to the Truth. There is time for "We" and there is time for "I" - these are all my very personal opinions.
  I am using a lot of images, colours and videos. The wavelength is very important to get you tuned in properly, so that you can get the picture without any distortions. Digital age is helping us here. My Canadian will never allow me to put it short, smart and brilliant like Colbert: "I drive Tesla. I love it! It's fast - it's full electric. It's like a golf cart had sex with a Pegasus."
  To be on the safe side, all our News Releases are written by native English speakers, my ranting in Canadian you can find only here and all these are my personal opinions only - please carefully read my legal disclaimer. 
  By some comments, I guess that International Lithium's last NR was very challenging: there were a lot of numbers in those two pages. Nobody reads any more anything longer than a tweet and who needs numbers if we have Jim Cramer on CNBC? Our problem is that ILC is so small that he will never tell you when he bought our stock. 
  My personal call on investment is only complicating this matter further. I never tell you to buy our shares, even more - I tell you not to do so, before you get an advise from your preferred qualified financial adviser. I have paid a lot of money for my education and than one Sufiy told to me to throw it all out, so you get only what is left: mix of esoteric ideas to build things, hold long term and tell you what is happening as I see it. 
  Another funny thing is when you put numbers in NR some people are just loosing it and discussing very strange ideas about our company, partners and projects. So I think that now you are ready to get the translation and you will find the full text of ILC NR below again for your convenience.




  I will slow it down and will cut a new track for you as well. Basically, ILC was supposed to pay a loan back to Ganfeng in December of this year. All our assets were pledged against this last remaining loan. That is why International Lithium was trading as low as 1c at some point, despite of everything happening in EV and Lithium space. Now we do not have that loan any more. Our Team at ILC has hold the Net, nobody could pass us in that point. When leading Lithium materials producer in the World like Ganfeng with 1.7 Billion USD market cap respects your Net play and makes this deal it means only one thing: they respect the ILC Team and assets of International Lithium. Now Ganfeng's shareholders have approved increase in ownership in Avalonia Lithium in Ireland from 51% to 54% and Ganfeng has to spend total 10 mil CAD in order to bring its ownership to 79% and ILC will retain 21%. Please, do not calculate Avalonia value on 126k CAD "deemed to be paid" for this 4%. This deal has accounted for all complex calculations: and this small number is just a book value. Do not judge the game on the last drop shot - we had a lot of rallies before it. It is called access to the capital and best lithium materials technology to develop our projects. It means that I did not have to dilute our shareholders at 2 c. My translation from Chinese will not be better than yours, but Google tells me something close to: "1.7 Billion USD MC company from China like what they found so far with International Lithium in Ireland". English in our NR helps by advising that Ganfeng is approving budgets presented by ILC for further development at Avalonia. 
  Now back to loans and Mariana Lithium project in Argentina. Ganfeng's shareholders have agreed to finalise terms of our Exploration Loan for Mariana. We have transferred part of that last outstanding loan into this new credit facility with Ganfeng. Maturity is … in 2024. If we receive any payments related to Mariana Lithium project before it - they will go to pay back this loan and interest. Interest is 10% p.a and total amount is 2 million USD. It allows us to keep our 80% / 20% J/V promotion for another min 5 million USD spent by Ganfeng to advance the project. The exact numbers you can get from our financial statements, as usual. Plus to it International Lithium has 10% Back In Right, like an additional option on the project, when ILC can buy these 10% by paying the amount spent on development for 10% of the project plus 10% p.a. interest. This option works at any time before feasibility study confirming economic potential of the Mariana project is produced and some time after it to allow us time to exercise it. My translation from Chinese again will not be better than yours, but Google tells me something like: "1.7 Billion USD MC company from China like what they found so far with International Lithium in Argentina". English in our NR helps again by spelling that Ganfeng is approving budgets presented by ILC for further developments at Mariana. 
  The Last very important bit: Royalty. On both projects with Ganfeng, International Lithium will hold Royalty in case if ILC is diluted below 5% of the project ownership at Avalonia, Ireland and Mariana, Argentina. TNR Gold, our holding company holds Royalty on Mariana Lithium project with Ganfeng Lithium.
  To stay "safe" please read carefully my disclaimer and always go to the sources: financial reports by ILC and TNR published on SEDAR. If you have never talked to the company and myself, do not even bother, please. Keep your money for the charity. Nobody can tell that it is done before it is done. I just putting all these pieces together for you to finish your own puzzle. You can see the very different picture in the end. And it is the beauty of it. Opportunity will always present itself … when Jim Cramer will announce that he bought ILC for his Charitable Trust. Stay tuned not to miss it. Best.

Ganfeng Increases Stake In Avalonia Lithium Project, Ireland And Finalizes Exploration Loan Agreement With International Lithium For Mariana Lithium Project, Argentina.




  "Mr. Kirill Klip, President, International Lithium Corp. comments, “The restructuring of our loan facilities with strategic partner Ganfeng Lithium provides ILC with financial relief and access to capital through the long term Exploration loan. In Argentina, all political candidates running in the upcoming elections are echoing the importance of mining and foreign investment to that country, something I view as very positive for our Mariana project. In Europe there is a growing concern that emissions standards are not being met with the clean diesel scandal paving the way for electric cars powered by lithium batteries. This gives our Avalonia project in Ireland strategic importance. Together with Ganfeng Lithium we continue to work towards supplying lithium as a raw material for clean power technologies in Europe and around the world.”

 I will add to my quote above the recent developments with Ganfeng Lithium in China:

"Ganfeng Lithium has enjoyed the exponential growth in the last years and has grown to the ranks of Top Lithium Producers. It supplies BYD, LG Chem and Panasonic, which supplies cells for Tesla Motors. It became the strategic partner of International Lithium and finances our two lithium J/Vs now in Argentina and Ireland. During the last Shareholder Meeting in China on September 21st Ganfeng has presented latest information on its incredible growth, market share and that security of Lithium Supply is its major concern. You can find more details on Ganfeng Lithium website."

  Please read carefully my legal disclaimer and never make any investment decisions without consulting with your preferred financial adviser.
  After very lengthy negotiations our Team at ILC has made another major transaction with Ganfeng Lithium - 1.2 Billion dollars market cap giant from China. Now we do not have hanging over our heads short term debt. We have established the long term credit facility with Ganfeng to finance our part of exploration costs on Mariana Lithium project with the maturity in 2024! Access to the capital in our sector will separate winners from the rest of the lithium racers. Now the project is ready for the major advance stage. We are finalising the corporate structure and budgets for these developments.
  With all Volkswagen and DieselGate news shattering Europe, it comes as no surprise that electrification of our transportation is the only commercially viable way forward - as you already know, in my personal opinion. LG Chem was very quick to announce the Lithium Battery plant to be build in Europe. I am calling on Tesla to bring its next Gigafactory to Ireland with its great corporate tax incentives, highly educated competitive work force and very competent government which is ready to propel its economy into the post carbon world. It will not hurt as well if Apple will decide at some point to build in Ireland some production facilities for its own Electric iCar. Rumours are running wild with this one, so we will see what the future brings to us here.
  It is not a secret for my followers, that Ganfeng Lithium is knocking very hard on the Europe's doors and supplies Lithium to a lot of customers already in EU. Our J/V with Ganfeng in Ireland: Avalonia Lithium project - has received the major approval from Ganfeng shareholders and we are working on the budgets for the next exploration season now.




International Lithium’s Search for Green Metals.

  


  "It is time to talk about the people behind the scenes of rEVolution, who are working very hard to  make the Green healthy future for your kids possible with the development of Clean Power and Lithium Technology at its foundation. Our CEO Gary Schellenberg has assembled unique and very deep technical team at ILC. I would like to start today with John Harrop - VP of Exploration of International Lithium Corp. He has picked all our projects on the three continents at the very dawn of the Lithium Race in 2008, now two of them have become J/Vs and financed by the giant from China Ganfeng Lithium, which is Strategic Partner of International Lithium and is holding 17.5% stake in ILC. 
  Apart from ILC John Harrop is VP of Exploration of our Precious and Energy Metals Royalty Holding Company TNR Gold and he has developed Shotgun Gold project in Alaska into almost 1 MOZ of Gold inferred resource project, waiting now for its turn to grow with the new strategic partner.
  Now John is running our both exploration programs with Ganfeng Lithium in Ireland and Argentina with our COO Anthony Kovacs and preparing our Mavis Lake Lithium and Tantalum project for the new strategic partnership to take ILC to the next level. You can find his technical articles on the web and today I will present his latest thoughts about Green Metals. Read more."


International Lithium Corp. - A Green-Energy Metals Company.




Tesla Motors: Our Mission - To Make All Cars Electric. Tesla Model 3: Third Time's A Charge.





  Elon Musk is charging into the mass market for electric cars with its Tesla Model 3. Are you still wondering why all cars will be electricTesla Motors CTO JB Straubel has made his best video explaining it all in depth: Tesla's History, Lithium Technology and Tesla Energy to bring the Sun, Wind and other renewables to power our rEVolution. Tesla was created not just to produce the very expensive luxury best cars in the world which happen to be electric. It has the mission to make it possible for all cars to be electric. Today I would like to introduce Tesla Model 3 which will bring us the mass market in electric cars properly. Enjoy!
  And if you would like to know more where the lithium will come from to power all this rEVolution and disruption of the few Trillion dollar industries, be my guest on my blog and the links below. Lithium technology has made it possible to store electricity - the most efficient form of energy known to us. Now lithium batteries will become cheaper and it changes everything. Read more."


International Lithium And Ganfeng In "Top Lithium Producers."




  
  Ganfeng Lithium has enjoyed the exponential growth in the last years and has grown to the ranks of Top Lithium Producers. It supplies BYD, LG Chem and Panasonic, which supplies cells for Tesla Motors. It became the strategic partner of International Lithium and finances our two lithium J/Vs now in Argentina and Ireland. During the last Shareholder Meeting in China on September 21st Ganfeng has presented latest information on its incredible growth, market share and that security of Lithium Supply is its major concern. You can find more details on Ganfeng Lithium website.





International Lithium Corp. Reports on Continuing Work in Argentina and Ireland With Ganfeng Lithium.


Mr. Kirill Klip, President, International Lithium Corp. comments, "Our projects are advancing in tandem with rising lithium prices. The lithium supply chain is being stressed even before the commissioning of the Tesla Gigafactory and other megafactories from BYD, Foxconn, Boston Power and LG Chem. Our joint ventures with Ganfeng Lithium demonstrate that cooperation between companies with varying expertise in the raw materials supply chain can work to secure a supply of strategic commodities. In this case, lithium which is necessary for the clean energy initiatives announced by the U.S. and China. These two countries alone will provide mass markets for electric cars and home energy storage units increasing the demand for lithium batteries."







International Lithium:

Ganfeng Increases Stake in Avalonia Lithium Project, Ireland and Finalizes Exploration Loan Agreement with International Lithium for Mariana Lithium Project, Argentina

Vancouver, B.C. October 20, 2015, International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE:ILC.V) is pleased to announce that further to the Company’s press releases dated November 28, 2012, July 31, 2013 and March 19, 2014 announcing the original loan agreement and amendments (“Loan”) with strategic partner GFL International Co., Ltd (“Ganfeng Lithium” or “GFL”), ILC and GFL have amended the Loan to extinguish and replace the repayment terms of the original Loan. The latest agreement settles repayment provisions of the Loan principal and accrued interest totaling CDN$1,168,841 indebted to GFL. In return ILC grants GFL an additional 4% interest in the Avalonia project for extinguishing CDN$126,000 of the Loan and adds the balance of CDN$1,042,841 (US$798,500) to the Mariana exploration loan (“Exploration loan”), which was announced in the Company’s press release dated March 19, 2014.



The resultant ownership of the Avalonia project will be 55% GFL and 45% ILC until the CDN$10 million expenditures required to be incurred by GFL are reached or a positive feasibility study is produced for the project, at which time the ownership will be 79% GFL and 21% ILC. The Company and GFL have finalized the terms of the Exploration loan, under which GFL will make available to ILC a loan up to US$2,000,000 to cover a portion of, or the entirety of, ILC’s required contribution to the Mariana joint venture (“Joint Venture”). The Exploration loan carries an annual interest rate of 10% and is repayable from ILC’s share of Proceeds or Net Smelter Royalty payments derived from the Joint Venture. No interest is payable until such time as Proceeds or Net Smelter Royalty payments are derived from the Joint Venture.  If no Proceeds or Net Smelter Royalty payments are derived from the Joint Venture the Exploration loan, including accrued interest, shall be due and payable by March 14, 2024.



Mr. Kirill Klip, President, International Lithium Corp. comments, “The restructuring of our loan facilities with strategic partner Ganfeng Lithium provides ILC with financial relief and access to capital through the long term Exploration loan. In Argentina, all political candidates running in the upcoming elections are echoing the importance of mining and foreign investment to that country, something I view as very positive for our Mariana project. In Europe there is a growing concern that emissions standards are not being met with the clean diesel scandal paving the way for electric cars powered by lithium batteries. This gives our Avalonia project in Ireland strategic importance. Together with Ganfeng Lithium we continue to work towards supplying lithium as a raw material for clean power technologies in Europe and around the world.”




About International Lithium Corp.

International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.
The Company’s primary focus is the Mariana lithium-potash brine project, within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or ‘salt lakes” in the region.
Complementing the Company’s lithium brine project are rare metals pegmatite properties in Canada (Mavis project) and Ireland (Avalonia project)





These projects reported highly encouraging lithium mineralization in drill holes targeting pegmatites that are unexposed at surface (news releases dated April 3, 2013 and June 25, 2013).
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green-tech” economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the green tech resource explorer of choice for investors and build value for its shareholders.
On behalf of the Board of Directors,
Kirill Klip
President, International Lithium Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. News release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements."