Friday 26 January 2018

Green Energy Metals Royalty Co.: TNR Gold, Executive Chairman And Directors Are Investing In International Lithium.




Now it is time to put more money on top of those slides ... 


     Thank you, The ILC Team



"We have successfully activated International Lithium's operations with our JV partners on three continents all around the globe."  
                                     - commented Kirill Klip, Executive Chairman of ILC.




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.



SQM Lithium OverSupply Scare 2.0 - Now Let's Start The Serious Conversation About The Security Of Lithium Supply For Tesla Energy rEVolution.




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.

SQM Lithium Oversupply Scare 2.0: SQM 2010: "We Can Supply Lithium For 1000 years". SQM 2018: "Maybe We Can Produce 216k T Of Lithium LCE In 2025"





International Lithium Reports Drilling Underway At Mavis Lithium Project, Ontario, Canada.





"We have successfully activated International Lithium's operations with our JV partners on three continents all around the globe." - commented Kirill Klip, Executive Chairman of ILC.




“We are very pleased to activate our further exploration program at Mavis Lake with Pioneer Resources, in Ontario, Canada,” commented Kirill Klip, Executive Chairman of ILC. “The previous drill program has demonstrated our ability to successfully target lithium pegmatites, especially at the newly expanded Fairservice target area.”





Ganfeng Lithium Comes To Europe: International Lithium Reports $1 Million Budget For The Avalonia Lithium JV, Ireland.





“We are very pleased to activate our further exploration program in Europe at the Avalonia JV in Ireland, with Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “The previous drill program has demonstrated our ability to successfully target lithium pegmatites.  In addition, our enhanced understanding of the mineral zonation will assist us in targeting not only the Aclare and Moylisha prospects but the entire belt.”







International Lithium And Ganfeng Lithium Approve $17M Budget For Mariana JV, Argentina.






“We welcome very positive developments at the Mariana JV with our partner Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “This comprehensive budget for 2018 is expected to bring the Mariana JV to important valuation milestones for the Company; preliminary economic assessment and pre-feasibility studies. We are looking forward to the confirmation that membrane technology provided by Ganfeng Lithium will allow our joint venture operation to produce lithium hydroxide in Argentina.”





International Lithium Reaches Settlement Agreement With Ganfeng Lithium On Mariana JV, Argentina.





I would like to thank all our ILC Team who have been working tirelessly in order to protect our Company and our assets for all stakeholders at International Lithium. We have now confirmed with Ganfeng Lithium our rights to 27% plus stake in Mariana Lithium JV in Argentina (including our 10% back in right) - Kirill Klip, Executive Chairman of ILC.



“We are finishing our transition year at International Lithium on a very positive note. Our new ILC team has settled all outstanding issues with our Mariana JV partner. MLC and ILC have agreed that they will act in good faith and in the best interests of the Mariana JV. Now we can focus our efforts on Mariana JV development and maximize its value for our shareholders,” commented Kirill Klip, Executive Chairman of ILC.

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 Closes First Tranche of $1,000,000 Private Placement

Vancouver, B.C. January 25, 2018: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC) announces that it has closed the first tranche of the previously announced non-brokered private placement (see Company news release December 29, 2017) of up to 5,000,000 units (the “Units”) at $0.20 per Unit to raise proceeds of up to $1,000,000. On closing of the first tranche of $450,000, the Company issued 2,250,000 Units, each Unit comprising one share and one-half of a share purchase warrant exercisable at $0.30 per share until 24 months from closing.
Three non-arms’ length parties participated in the private placement for total subscriptions of $300,000: significant shareholder of the Company, TNR Gold Corp. (“TNR”), Executive Chairman, Kirill Klip, and Deputy Chairman, John Wisbey.
The proceeds of the private placement will be used for general working capital purposes.  All private placement securities will be restricted from trading for a period of four months plus one day from the date of closing.
The issuance of private placement securities to non-arms’ length parties constitutes related-party transactions under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Because the Company’s shares trade only on the TSX Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Section 5.7(b). The post-closing ownership in ILC by TNR, before conversion of warrants and debentures, is 8,692,390 shares, equivalent to approximately 9.19% of the outstanding common shares of the Company. Should the convertible debenture and warrants held by TNR be exercised, its holdings would be 14,042,390 shares, equivalent to approximately 14.1% of the issued common shares. The Company did not file a material change report 21 days prior to the closing of the private placement as the details of the participation of insiders of the Company had not been confirmed at that time.



International Lithium Corp. has a significant portfolio of projects, strong management, robust financial support, and a strategic partner and keystone investor, Jiangxi Ganfeng Lithium Co. Ltd., (“Ganfeng Lithium”) a leading China-based lithium product manufacturer.
The Company’s primary focus is the strategic stake in the Mariana lithium-potash brine project located 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 evaporite basin, totaling 160 square kilometres that ranks as one of the more prospective salars or ‘salt lakes’ in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, ownership of which will be revised to 82.754% by Ganfeng Lithium and 17.246% by ILC in early 2018 in order to reflect each party’s current JV interest. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.
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 ownership of the Avalonia project is currently 55% GFL and 45% ILC. GFL have an option to earn an additional 24% by either incurring CDN$10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% GFL and 21% ILC.
The Mavis and Raleigh projects are under option to strategic partner Pioneer Resources Limited (ASX: PIO) pursuant to which Pioneer can acquire up to a 51% interest in the projects.
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 strategic partners and acquiring high quality assets for the Energy rEVolution supply chain, ILC aims to be the partner 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
Executive Chairman 
For further information concerning this news release please contact +1 604-700-8912
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
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this news release may include: the timing and anticipated results of drilling on the Mavis Lake Project, the expectation of feasibility studies, lithium recoveries, modeling of capital and operating costs, results of studies utilizing membrane technology at the Mariana Project, budgeted expenditures and planned exploration work on the Avalonia JV, and continued agreement between the Company and Jiangxi Ganfeng Lithium Co. Ltd. regarding the Company’s percentage interest in the Mariana project. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the interim and annual Management’s Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

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