Sunday, 19 February 2017

The Tide Is Coming: The Economist: Electric Cars Are Set To Arrive Far More Speedily Than Anticipated.





Back Into The Future: Lithium Will Power Us For The Next 50 Years And Then Robots.





I am very pleased with how our strategic transition is moving forward at ILC,” states Kirill Klip, Chairman, President and CEO International Lithium Corp. “We are switching from a relatively low profit base of only managing exploration operations for the development of our J/V projects with our strategic partners to building a sizeable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner. Read more."




Falling Lithium Battery Prices Are Driving The Exponential Growth Of Electric Cars.





"We have the magic of technology in the making now. While ICE cars were becoming more  and more complex and more expensive with time, electric cars are enjoying The Silicon Valley laws of dramatically decreasing costs with "The Learning Curve." Lithium Batteries are the most significant part of the overall costs in electric cars and the costs are going down as fast as 19% per year, according to Bloomberg. Actually, the situation is already much better than presented in the article below. Elon Musk has announced long time ago that al-in-all cost of lithium batteries at Gigafactory is already $190/kWh! "I do not really know" why journalists are not digging enough information to stay current on the subject. Headlines like "Electric Cars Are Here To Stay" belong to 2009, not 2017 when they are getting to the milestone of being sold over a million per year.

Tesla Model 3 and GM Bolt will ignite the next phase of mass adoption for electric cars in the West attacking the exponential part of "The S-Curve." Both EVs are priced below $40k and provide the range of over 200 miles. The price of the average new car in the U.S. has skyrocketed to over $33k in 2016 and now these electric cars will be very attractive to the new buyers. When you will consider the overall cost of ownership these EVs start to beat ICE cars of the similar model class not only on performance but on cost as well! 

We are moving very fast with electric cars out of grasp by any politics and towards the economic decisions when customers will start voting with their wallets. This is the bifurcation point to put all ICE cars to rest in a decade. It will be impossible to sell cancer hazard 100 years old oil burning technology anymore. The Switch is happening right now when millions of people are deciding to buy new electric cars. Read more."






The Economist:

Volts wagonsElectric cars are set to arrive far more speedily than anticipated

Carmakers face short-term pain and long term gain
THE high-pitched whirr of an electric car may not stir the soul like the bellow and growl of an internal combustion engine (ICE). But to compensate, electric motors give even the humblest cars explosive acceleration. Electric cars are similarly set for rapid forward thrust. Improving technology and tightening regulations on emissions from ICEs is about to propel electric vehicles (EVs) from a niche to the mainstream. After more than a century of reliance on fossil fuels, however, the route from petrol power to volts will be a tough one for carmakers to navigate.

The change of gear is recent. One car in a hundred sold today is powered by electricity. The proportion of EVs on the world’s roads is still well below 1%. Most forecasters had reckoned that by 2025 that would rise to around 4%. Those estimates are undergoing a big overhaul as carmakers announce huge expansions in their production of EVs. Morgan Stanley, a bank, now says that by 2025 EV sales will hit 7m a year and make up 7% of vehicles on the road. Exane BNP Paribas, another bank, reckons that it could be more like 11% (see chart). But as carmakers plan for ever more battery power, even these figures could quickly seem too low.



Ford’s boss is bolder still. In January Mark Fields announced that the “era of the electric vehicle is dawning”, and he reckons that the number of models of EVs will exceed pure ICE-powered cars within 15 years. Ford has promised 13 new electrified cars in the next five years. Others are making bigger commitments. Volkswagen, the world’s biggest carmaker, said last year that it would begin a product blitz in 2020 and launch 30 new battery-powered models by 2025, when EVs will account for up to a quarter of its sales. Daimler, a German rival, also recently set an ambitious target of up to a fifth of sales by the same date. 

The surge has two explanations: the rising cost of complying with emissions regulations and the falling cost of batteries. Pure EVs, which send no carbon dioxide directly into the atmosphere, and hybrids, which produce far less than conventional engines, are a way to meet Europe’s emissions targets—albeit an expensive one. But the gains from cheaper methods such as turbocharging smaller engines, stop-start technology and weight reductions will no longer be enough, since a tougher testing regime, to be introduced in the wake of VW’s diesel-cheating scandal, will make those targets still harder to reach.

The hefty cost of preventing nitrogen oxide spewing from diesel engines, which emit far less carbon dioxide than the petrol equivalent, may see them disappear by 2025. Further development of ICEs could be enough to meet the 2021 targets. Carmakers also need to be prepared to hit the next ones, says Andrew Bergbaum of AlixPartners, a consulting firm. These, yet to be finalised in the EU for carbon dioxide, may be as low as 68g/km by 2025 compared with 130g/km today.

Regulations are favourable outside Europe, too. In China more than 400,000 pure EVs were sold last year, making it the world’s biggest market. The government, keen to clear the air of choking exhaust fumes, has plans for a quota that could insist that 8% of sales are EVs or hybrids by 2018. And even if Donald Trump relaxes American emissions standards, this will not hold back electrification. California, which accounts for one in eight cars sold in America, is allowed to set tougher environmental standards than the national ones. It, and seven of the other states that have adopted its emissions rules, have a target of 3.3m EVs on their roads by 2025.

Moving right along

Technology will have as much impact as politics. Vehicles that carmakers are forced to produce for the sake of the environment will become ones that buyers want for the sake of their wallets. EVs were once generally a second car for richer, environmentally minded drivers, prepared to pay a big premium for a vehicle with a battery that took an age to charge and had a limited range.

The falling cost of batteries will make the cost of owning and running an EV the same as that of a traditionally powered car in Europe by the early 2020s, even without the hefty government subsidies that many rich countries use to sweeten the deal (see article). Better batteries should also conquer “range anxiety”—most pure EVs now run out of juice after around 100 miles (161km). If battery costs continue to tumble and performance improves at the current rate, the price of a car with a range of 300 miles could hit $30,000 by the early 2020s, according to Exane BNP Paribas. Slicker technology will also mean charging in minutes, not hours.

The lack of charging infrastructure still deters buyers, but signs of growth are encouraging. In most rich countries governments, carmakers and private companies are putting up the necessary cash. In America the number of charging points grew by more than a quarter to almost 40,000 in 2016. Even Shell and Total, are planning to put chargers on the forecourts of their petrol stations across Europe.

But EVs are not yet a profitable business for carmakers precisely because of their batteries. Chevrolet’s Bolt, on sale late last year, costs under $30,000 with subsidies and travels 238 miles between charges. But each sale will reportedly set General Motors back $9,000. Tesla’s rival, the Model 3, is set to go on sale later this year; the firm has yet to make an annual profit. Even Renault-Nissan, the world’s biggest EV manufacturer, loses money on electric models.

Research and development also costs a fortune. Daimler says it will spend €10bn by 2025 on just ten battery-powered models. Restructuring is also expensive. For a century carmakers have built factories, employed workers and developed a supply chain around the ICE. In one scenario Morgan Stanley reckons that VW’s entire car business could make a loss between 2025 and 2028 as it transforms itself.

Some carmakers are better placed than others for the transition. Profitable premium brands such as Daimler and BMW have the resources to invest and can be confident that their richer customers will be the first to switch to more expensive EVs. Mass-market carmakers have a trickier task, according to Patrick Hummel of UBS, a bank. Despite falling costs, a cheap EV for the mass market is still a distance away. The likes of Fiat Chrysler (whose chairman, John Elkann, sits on the board of The Economist’s parent company) or PSA Group, which makes Peugeots and Citroëns, have barely begun changing. But these carmakers, already operating with wafer-thin profit margins, must still invest heavily in anticipation of that moment.

EVs may eventually make more money than ICE cars as battery costs fall further. They are competitive in other ways too: EVs are simpler mechanically, and require less equipment and fewer workers to assemble them. But carmakers first face a transition that will hit cashflow and profits. Getting ready for an electric race will be painful, but missing it altogether would be disastrous.

This article appeared in the Business section of the print edition under the headline "Volts wagons"

Saturday, 18 February 2017

It Is Not Only Tesla. The Switch: The Real Story - China Leading The Charge For Lithium-Ion Megafactories

Visual Capitalist.

"Now there are reports that China is pushing for the very aggressive California style Zero Emission Vehicle (ZEV) program. "8% of new cars to be electric by 2018, 12% by 2020.” Let’s put it into perspective: this year there are just over 1% of new cars sales in China. By 2018 they are talking about a factor of 8x that and 12x by 2020. That’s a 12x increase in the number of electric cars to be produced in China! Let’s digest it all for a moment…Read more."


‘China’ the Centre of the Lithium Universe.




Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

(Please note that International Lithium is an exploration stage company and not producing any lithium materials yet. Company does not have any resources and/or reserves as it is defined by respective policies for disclosure by mining companies other than properly reported in its public filings on SEDAR) 

Please Note that International Lithium Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this blog post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.




Back Into The Future: Lithium Will Power Us For The Next 50 Years And Then Robots.




I am very pleased with how our strategic transition is moving forward at ILC,” states Kirill Klip, Chairman, President and CEO International Lithium Corp. “We are switching from a relatively low profit base of only managing exploration operations for the development of our J/V projects with our strategic partners to building a sizeable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner. 



Expanding our focus to include investments in opportunities on a broader scale that may see mine production in the near term and seek financing in creative manners that restrict shareholder dilution to fund these acquisitions will be in alignment with our current partners and shareholders and give us an edge over other companies that are closely tied to specific exploration prospects. This new business model will allow ILC to capitalise on the growth of our industry which is providing the material base for the ongoing Green Energy rEVolution. Lithium based energy storage technology is at the centre of the exponential growth in the markets for electric cars and Energy Storage Systems, which are providing the necessary technical solutions for solar and wind power generation that are intermittent in their nature.”


Building The Secure Lithium Supply For Electric rEVolution: International Lithium Corp. Announces Strategic Changes.





Thursday, 16 February 2017

International Lithium Corp. Appoints Maurice Brooks To The Board Of Directors.



“Mr. Brooks brings a unique skill set to the board of directors of ILC and shares our vision to move beyond the high risk early exploration model of value creation,” stated Kirill Klip, Chairman, President and CEO of International Lithium Corp."



Back Into The Future: Lithium Will Power Us For The Next 50 Years And Then Robots.



I am very pleased with how our strategic transition is moving forward at ILC,” states Kirill Klip, Chairman, President and CEO International Lithium Corp. “We are switching from a relatively low profit base of only managing exploration operations for the development of our J/V projects with our strategic partners to building a sizeable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner. 



Expanding our focus to include investments in opportunities on a broader scale that may see mine production in the near term and seek financing in creative manners that restrict shareholder dilution to fund these acquisitions will be in alignment with our current partners and shareholders and give us an edge over other companies that are closely tied to specific exploration prospects. This new business model will allow ILC to capitalise on the growth of our industry which is providing the material base for the ongoing Green Energy rEVolution. Lithium based energy storage technology is at the centre of the exponential growth in the markets for electric cars and Energy Storage Systems, which are providing the necessary technical solutions for solar and wind power generation that are intermittent in their nature.”


Building The Secure Lithium Supply For Electric rEVolution: International Lithium Corp. Announces Strategic Changes.





International Lithium Corp. And Pioneer Resources Intersect Spodumene Bearing Pegmatite At The Mavis Lithium Pegmatite Project, Ontario, Canada



Photograph 1. Drill core from MF-17-39 showing the spodumene-bearing pegmatite intersection. For reference each line of core is approximately 1.5m in length.
* The drill intersection length noted is a ‘down-hole’ measurement and may not represent the true width of the pegmatite intersected. Additional analysis will be required to estimate the true thickness of the highlighted intersection with any degree of confidence.        
** The qualified person has sufficient experience and knowledge, in conjunction with identification evidenced by previous work on the Project, to state with high confidence the identification of spodumene in the highlighted intersection; however the reader should be cautioned that neither the qualified person nor the Company make any assumptions or inferences as to the degree of mineralisation or grade.



LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.






International Lithium:

International Lithium Corp. Appoints Maurice Brooks to the Board of Directors

Vancouver, B.C. February 16, 2017: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC.V) is pleased to announce that, further to the Company’s news releases dated January 25, 2017 and February 9, 2017 announcing certain strategic changes to its corporate structure and business model, Maurice Brooks has been appointed to the Company’s board of directors.
Mr. Brooks was appointed interim Chief Financial Officer of the Company earlier this year. He is a licensed senior statutory auditor in the UK and has been a senior partner in Johnson, Smith & Co., Chartered Accountants and Statutory Auditors since 2000. Previously, he was Finance and Deputy Managing Director of a vehicle producer, Investment Accountant to the Western Australian Government, and before that he had been employed in the audit department of PricewaterhouseCoopers – UK.
“Mr. Brooks brings a unique skill set to the board of directors of ILC and shares our vision to move beyond the high risk early exploration model of value creation,” stated Kirill Klip, Chairman, President and CEO of International Lithium Corp.
Mr. Brooks replaces Mr. Wayne Spilsbury, who resigned as a director of ILC on February 13, 2017. Mr. Spilsbury is also a director of Australian Stock Exchange-listed Pioneer Resources Limited (“Pioneer”) (ASX:PIO) a party to an option agreement with International Lithium Corp. on the Mavis and Raleigh pegmatite projects located in Ontario, Canada.


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 strategic stake in the Mariana lithium-potash brine project (including 10% back-in right), a joint venture with Ganfeng Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporate basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects, and the Avalonia project in Ireland, which encompasses an extensive 50km-long pegmatite belt.  The Avalonia project is under option to strategic partner Ganfeng Lithium and the Mavis and Raleigh projects with strategic partner Pioneer Resources Limited (ASX:PIO).  The Mavis, Raleigh and Forgan projects together form the basis of the Company’s Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
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 to continue to build value for its shareholders.

On behalf of the Board of Directors,
 Kirill Klip
 Chairman, President and CEO, International Lithium Corp.

Neither 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.
Cautionary Statement Regarding Forward-Looking Information
Statements in this press release other than purely historical information, should not be relied upon.  Historical estimates, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. This 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.

Sunday, 12 February 2017

Back Into The Future: Lithium Will Power Us For The Next 50 Years And Then Robots.



I am very pleased with how our strategic transition is moving forward at ILC,” states Kirill Klip, Chairman, President and CEO International Lithium Corp. “We are switching from a relatively low profit base of only managing exploration operations for the development of our J/V projects with our strategic partners to building a sizeable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner.



Expanding our focus to include investments in opportunities on a broader scale that may see mine production in the near term and seek financing in creative manners that restrict shareholder dilution to fund these acquisitions will be in alignment with our current partners and shareholders and give us an edge over other companies that are closely tied to specific exploration prospects. This new business model will allow ILC to capitalise on the growth of our industry which is providing the material base for the ongoing Green Energy rEVolution. Lithium based energy storage technology is at the centre of the exponential growth in the markets for electric cars and Energy Storage Systems, which are providing the necessary technical solutions for solar and wind power generation that are intermittent in their nature.”


Building The Secure Lithium Supply For Electric rEVolution: International Lithium Corp. Announces Strategic Changes.











International Lithium Announces Strategic Investments and Royalty Business Model

Vancouver, B.C. February 9, 2017: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC.V) is pleased to announce that further to the Company’s news release dated January 25, 2017 announcing certain strategic changes to its corporate structure, ILC will now begin to build its new business model.
As part of the new model, ILC will continue to focus its efforts on the advancement of the Mariana Lithium Brine project in Argentina and the Avalonia Lithium Pegmatite project in Ireland together with strategic joint venture partner Ganfeng Lithium Co. Ltd. (“GFL”) in a manner that best suits the interests of both parties. Discussions are currently underway to identify the most effective structure in which to move these projects forward and to add value to both GFL and ILC.
ILC will also continue to focus on the advancement of the Mavis and Raleigh Lithium Pegmatite projects in Ontario, Canada with strategic partner Pioneer Resources Limited where the first hole of a recently announced drilling campaign has reported an intersection of spodumene bearing pegmatite (Company news releases, February 7 and February 8, 2017).
In addition to these ongoing value generators, ILC intends to build on the expertise it has gained in acquiring and advancing world-class lithium prospects and will seek to extend its portfolio of strategic assets that are not restricted to early stage exploration prospects. The Company will now begin to pursue lithium (and possibly other strategic mineral interests related to the battery sector) projects, investments and royalties in partnerships with worldwide leaders in the battery making, electric car, energy and utilities industries.
ILC has begun building a team that will give it a significant advantage in assessing and acquiring the highest quality projects while maintaining a significant core strength of experienced and talented individuals possessing extensive experience in corporate governance and international finance.
“I am very pleased with how our strategic transition is moving forward at ILC,” states Kirill Klip, Chairman, President and CEO International Lithium Corp. “We are switching from a relatively low-profit base of only managing exploration operations for the development of our J/V projects with our strategic partners to building a sizeable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner. Expanding our focus to include investments in opportunities on a broader scale that may see mine production in the near term and seek financing in creative manners that restrict shareholder dilution to fund these acquisitions will be in alignment with our current partners and shareholders and give us an edge over other companies that are closely tied to specific exploration prospects. This new business model will allow ILC to capitalise on the growth of our industry which is providing the material base for the ongoing Green Energy rEVolution. Lithium based energy storage technology is at the centre of the exponential growth in the markets for electric cars and Energy Storage Systems, which are providing the necessary technical solutions for solar and wind power generation that are intermittent in their nature.”
ILC is actively engaging in the investigation and identification of strategic opportunities both internally and with select investment consultants. All interested parties in International Lithium’s portfolio of assets and its new business model are invited to contact us directly at InternationalLithiumCorp@gmail.com



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 strategic stake in the Mariana lithium-potash brine project (including 10% back-in right), a joint venture with Ganfeng Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporate basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects; and one project in Ireland (Avalonia project) that encompasses an extensive 50km long pegmatite belt. The Avalonia project is under option to strategic partner Ganfeng Lithium and the Mavis and Raleigh projects with strategic partner Pioneer Resources Limited (ASX:PIO). The Mavis, Raleigh and Forgan projects together form the basis of the Company’s newly created Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
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
Chairman, President and CEO, 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.





Thursday, 9 February 2017

The Switch: Energy rEVolution - International Lithium Announces Strategic Investments And Royalty Business Model.





“I am very pleased with how our strategic transition is moving forward at ILC,” states Kirill Klip, Chairman, President and CEO International Lithium Corp. “We are switching from a relatively low profit base of only managing exploration operations for the development of our J/V projects with our strategic partners to building a sizeable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner. Expanding our focus to include investments in opportunities on a broader scale that may see mine production in the near term and seek financing in creative manners that restrict shareholder dilution to fund these acquisitions will be in alignment with our current partners and shareholders and give us an edge over other companies that are closely tied to specific exploration prospects. This new business model will allow ILC to capitalise on the growth of our industry which is providing the material base for the ongoing Green Energy rEVolution. Lithium based energy storage technology is at the centre of the exponential growth in the markets for electric cars and Energy Storage Systems, which are providing the necessary technical solutions for solar and wind power generation that are intermittent in their nature.”


Building The Secure Lithium Supply For Electric rEVolution: International Lithium Corp. Announces Strategic Changes.








International Lithium:

International Lithium Announces Strategic Investments and Royalty Business Model

Vancouver, B.C. February 9, 2017: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC.V) is pleased to announce that further to the Company’s news release dated January 25, 2017 announcing certain strategic changes to its corporate structure, ILC will now begin to build its new business model.
As part of the new model, ILC will continue to focus its efforts on the advancement of the Mariana Lithium Brine project in Argentina and the Avalonia Lithium Pegmatite project in Ireland together with strategic joint venture partner Ganfeng Lithium Co. Ltd. (“GFL”) in a manner that best suits the interests of both parties. Discussions are currently underway to identify the most effective structure in which to move these projects forward and to add value to both GFL and ILC.
ILC will also continue to focus on the advancement of the Mavis and Raleigh Lithium Pegmatite projects in Ontario, Canada with strategic partner Pioneer Resources Limited where the first hole of a recently announced drilling campaign has reported an intersection of spodumene bearing pegmatite (Company news releases, February 7 and February 8, 2017).
In addition to these ongoing value generators, ILC intends to build on the expertise it has gained in acquiring and advancing world-class lithium prospects and will seek to extend its portfolio of strategic assets that are not restricted to early stage exploration prospects. The Company will now begin to pursue lithium (and possibly other strategic mineral interests related to the battery sector) projects, investments and royalties in partnerships with worldwide leaders in the battery making, electric car, energy and utilities industries.
ILC has begun building a team that will give it a significant advantage in assessing and acquiring the highest quality projects while maintaining a significant core strength of experienced and talented individuals possessing extensive experience in corporate governance and international finance.
“I am very pleased with how our strategic transition is moving forward at ILC,” states Kirill Klip, Chairman, President and CEO International Lithium Corp. “We are switching from a relatively low-profit base of only managing exploration operations for the development of our J/V projects with our strategic partners to building a sizeable portfolio of strategic assets. Examples of our successful past record include the Mariana and Avalonia lithium projects which are being developed in conjunction with lithium industry leaders like Ganfeng Lithium, our strategic partner. Expanding our focus to include investments in opportunities on a broader scale that may see mine production in the near term and seek financing in creative manners that restrict shareholder dilution to fund these acquisitions will be in alignment with our current partners and shareholders and give us an edge over other companies that are closely tied to specific exploration prospects. This new business model will allow ILC to capitalise on the growth of our industry which is providing the material base for the ongoing Green Energy rEVolution. Lithium based energy storage technology is at the centre of the exponential growth in the markets for electric cars and Energy Storage Systems, which are providing the necessary technical solutions for solar and wind power generation that are intermittent in their nature.”
ILC is actively engaging in the investigation and identification of strategic opportunities both internally and with select investment consultants. All interested parties in International Lithium’s portfolio of assets and its new business model are invited to contact us directly at InternationalLithiumCorp@gmail.com



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 strategic stake in the Mariana lithium-potash brine project (including 10% back-in right), a joint venture with Ganfeng Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporate basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects; and one project in Ireland (Avalonia project) that encompasses an extensive 50km long pegmatite belt. The Avalonia project is under option to strategic partner Ganfeng Lithium and the Mavis and Raleigh projects with strategic partner Pioneer Resources Limited (ASX:PIO). The Mavis, Raleigh and Forgan projects together form the basis of the Company’s newly created Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
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
Chairman, President and CEO, 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.