Wednesday, 23 March 2016

International Lithium Corp. Acquires High Grade Raleigh Lithium Project Near Mavis; Creates Upper Canada Lithium Pool a New Multiproject Initiative




  International Lithium President, Kirill Klip comments “International Lithium is beginning a new phase of strategic developments through new potential acquisitions and strategic partnerships. The availability of affordable electric cars is almost here with models like GM’s Bolt and Tesla’s Model 3 coming into production this and next year. This will greatly increase the demand for lithium batteries in North America. Our new strategy recognizes this opportunity and we seek to meet the demand for lithium in North America’s massive automotive markets. Together with Ganfeng Lithium we continue to advance our projects in Argentina and Ireland building on a vertically integrated lithium business in China, the centre of today’s lithium industry where prices for the green energy metal are currently escalating. Newly formed alliances with companies like Pioneer Resources, will help us focus our expertise in recognising opportunities and building up a resource base, while minimising our capital outlay to advance the projects to build the secure supply of lithium for the North American market.” Read more.








International Lithium Options Mavis Lithium Project and Forms Strategic Alliance with Australian Company, Pioneer Resources Ltd.






  Mr Kirill Klip, President, International Lithium Corp. stated: "We are very pleased that International Lithium is opening a new strategic phase of expanding its operations in North America. We are at the very beginning of the mass market for electric cars with GM Bolt and Tesla Model 3 coming into production this and next year respectively. Recent huge spike in lithium prices in China, the centre of lithium industry today, has demonstrated the importance of our strategic partnership with Ganfeng Lithium in building the vertically integrated lithium business with our J/V projects in Argentina and Ireland. We envision that North American market, which is dominated by producers from Asia, will start to build its own lithium batteries production facilities like Tesla Gigafactory in Nevada, U.S. This transaction is the first step for ILC in building the secure supply of lithium for the North American market." Read more."


Mr. Gary Schellenberg, CEO, International Lithium Corp. stated, “This is the first step of our new strategy developed for North America. We see an escalating demand for lithium in North America, especially in the automotive sector with new sources being either many years away, or with logistic and metallurgical challenges.  Our strategy for the Upper Canada region sees us advancing a multitude of smaller deposits that possess near perfect accessible infrastructure and that can supply a central lithium carbonate processing facility.  Identifying smaller high-grade deposits within close proximity can greatly enhance the economics of a processing facility as well as allowing these smaller deposits to be mined at a greatly reduced CAPEX.  We intend on bringing our strategy to reality through strategic partners, like Pioneer, that share our vision.”




International Lithium Corp. Announces Private Placement.



  
  All good things take time, care and patience. Lithium Technology is here and Energy rEVolution is coming next to you with GM Bolt and Tesla Model 3 igniting the mass market for electric cars. Slowly, but surely we are building our Vertically Integrated Lithium Business with Ganfeng Lithium with our J/V projects in Ireland and Argentina. Now it is time for Canada to shine and that wind for our sails I was talking last Fall about is coming. We have survived during the storm on the sand bank, now we know what to do when the tide is coming. I welcome all our new Partners to International Lithium, fasten your seatbelt, we are moving forward.


International Lithium Begins Brine Evaporation Process Studies on the Mariana Project With Ganfeng, Argentina.




  We are moving full speed ahead in Argentina and starting our very close collaboration with Ganfeng Lithium by utilising their unique advanced R&D technology in extraction and producing Lithium Materials. Finally, this beautiful country will live to its full potential, proud people of Argentina is taking their country back!

Mr. Kirill Klip, President, International Lithium Corp. comments, “We are very pleased to be starting the first stage of our 2016 program with Ganfeng at Salar de Llullaillaco. The results of this work will prepare us for larger scale field tests at the salar.

The newly elected government in Argentina is taking several steps that will improve operating conditions for mining companies. These steps are opening a new chapter in Argentina’s economic development and ILC is very proud to be part of this 21st century international cooperation!”



International Lithium And Ganfeng Lithium Move Mariana Lithium Brine Project Forward In Argentina.





Mr. Kirill Klip, President, International Lithium Corp. comments, “We have always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments. The results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. We welcome the change and look forward to working with the newly elected officials and advancing our Mariana lithium brine project in cooperation with our strategic partner, Ganfeng Lithium. Security of lithium supply is becoming more important as witnessed by recent price increases in China, all in advance of the completion of new battery production facilities announced by Tesla and other manufacturers. We continue to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products.” Read more."


International Lithium Receives Notice of License Renewals for the Avalonia Lithium Project, Ireland





"Mr. Kirill Klip, President, International Lithium Corp. comments, “The Avalonia project joint venture, fully funded by strategic partner Ganfeng Lithium Co. Ltd., (“GFL”), could be of strategic importance to the European Union should a sufficient resource be identified. Clean fuel technologies for motor vehicles are becoming increasingly important to the European Economic Community to tackle climate change and the air pollution crisis in major urban areas. Lithium technology will play a major role when it comes to providing batteries for communication devices, electric vehicles and utility storage systems. Renewable sources of energy such as solar and wind power will also benefit from lithium battery technologies and become more commonplace as the problem of intermittency will be addressed providing steady power from these sources 24/7.” Read more."




 "I am glad that Apple looks like not to be involved in this project and we still can hope that it will reach 1 Trillion Market Cap with its own electric car catering mobility powered by lithium technology with bottled electricity to the masses. The real game changer is coming this year with Tesla Model 3, GM Bolt, BYD and Tesla Gigafactory with Megafactories to follow."






International Lithium Corp:



International Lithium Corp. Acquires High Grade Raleigh Lithium Project Near Mavis; Creates Upper Canada Lithium Pool a New Multiproject Initiative


Vancouver, B.C. March 23, 2016 International Lithium Corp. (the “Company” or “ILC”) (TSX Venture:ILC.V) is pleased to announce it has acquired in total 464 hectares of mineral claims in the Kenora Mining District of Ontario through a sale and purchase Agreement and additional staking. All the claims were acquired at or near staking cost and are subject to a 1% Net Smelter Return royalty to the vendor, purchasable at any time for $1,000,000.

The Raleigh Project (“Raleigh”) is located about 7km south of the Trans-Canada Highway, 20 km west of Ignace, Ontario and approximately 270km west of Thunder Bay, Ontario. Access to key parts of the property from the Trans-Canada Highway is by secondary roads and forest access roads. The city of Dryden is approximately 80 km west by highway 17, making the Company’s recently announced Mavis joint venture approximately 60 kilometres away.
Raleigh Project Highlights
The rare metal mineralization at Raleigh was first identified by prospecting in 1966 and further categorized between 1993 and 1999 by the Ontario Geological Survey through mapping with particular emphasis on defining the zoned rare metal pegmatite belt and associated rare metal mineralization.  This lead to two periods of exploration; the first occurring from 1999 to 2001 focussing on tantalum, while the second in 2010 was expanded to encompass lithium. These exploration campaigns included mapping, lithogeochemistry, trenching (1500m) and diamond core drilling (2817.5m in 17 holes) resulting in the identification of several substantial pegmatites and numerous smaller ones.
Highlights of previously reported drill intercepts at Raleigh are summarized in the table below. The pegmatites are moderately dipping and appear to flatten at depth.
Hole IDFrom mTo mWidth mLi2O %
RL99-05108.95115.406.451.62
incl108.95111.202.352.39
RL10-0128.3033.004.701.81
incl29.8032.002.202.37
154.30161.006.701.14
incl159.00160.001.002.86
RL10-0284.0093.009.002.80
RL10-0524.4034.009.601.03
RL10-06123.00128.705.701.03

Past work on the property also reported significant tantalum values in grab samples from boulder trains some of which have been traced to sources in outcrop or trenches.  Highlights of previously reported drill intercepts are summarized in the table below.

Hole IDFrom mTo mWidth mTa2O5%
RL10-03104.0112.58.50.024
RL10-0525.434.06.60.021
RL10-07107.3108.61.30.134
All widths in drill core are drill widths and have not been adjusted to true widths. Grab samples are by nature selective and may not be representative of geological units.  Therefore, they should not be relied upon.  The Company has not yet been able to confirm historical results compiled from assessment reports and news releases filed by previous operators.
Mapping and lithogeochemical sampling indicate a pegmatite belt at least 5 km in length with evidence of highly fractionated pegmatites hosting a variety of rare metals.  Additional pegmatites identified by surface exploration exhibiting significant tantalum, lithium and rubidium anomalies have yet to be drill tested.

“The modest historical exploration on the Raleigh Project produced results that compare favourably with early stage results from other rare metals projects that subsequently experienced successful advancement” comments John Harrop, VP Exploration, International Lithium Corp.
The Upper Canada Lithium Pool
The close proximity of the Mavis and Raleigh Projects presents clear strategic and operational advantage. ILC is pursuing lithium prospects with reported high grades in this region and seeking to consolidate them with  the aim to identify sufficient resources in multiple prospects to potentially feed a common processing facility. The Upper Canada Lithium Pool is the anticipated geographical consolidation of projects and partnered companies hosting amenable grade, volume, access and infrastructure in order to mitigate the financial burden on any one company when advancing specific projects to reach this goal.
“Pooling projects to optimize development potential in this area has long been known as a strategy, but that only now is being executed.  International Lithium Corp. is spearheading this directive and uniquely positioning itself to be the focal point for the burgeoning rare metals exploration activity in this region” states Anthony Kovacs, Chief Operating Officer, International Lithium Corp
John Harrop, P.Geo, FGS, is a Qualified Person as defined under NI 43-101 and has supervised preparation of the technical information contained in this news release.
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”, sustainable 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 resource explorer of choice for investors in green tech 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.