Sunday, 4 February 2018

Lithium Race In Tesla Energy rEVolution: International Lithium Announces Strategic Goals For 2018.



"During our 2017 transitional year, we have built International Lithium Team of dedicated professionals who share our Values and Corporate Culture," commented Kirill Klip, Executive Chairman of ILC. “We have successfully activated all of our joint venture operations on the three continents in Argentina, Ireland and Canada. Our partners include global industry leaders, Jiangxi Ganfeng Lithium Co. Ltd. of China and Pioneer Resources Limited of Australia. Now our turn-around at ILC is completed and we are looking forward to achieving our strategic goals and increasing value for all shareholders.”




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.


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.



The Green Energy Metals Royalty Company: TNR Gold Announces Strategic Goals For 2018.






"During our 2017 transitional year, we have built TNR Gold Team of dedicated professionals who share our Values and Corporate Culture," commented Kirill Klip, Executive Chairman of TNR. 






“Now our turn-around at TNR is completed and we are looking forward to achieving our strategic goals and increasing value for all shareholders.”





Chronicles Of Energy rEVolution: Kirill Klip On The 2,898% Jump In Global Demand For Lithium.




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.


I would like to start today with one, but the very important number – 2,898%. This is the jump in demand for lithium, which UBS estimates will happen in 100% EV world – 2,898%. Electric cars are coming at a much faster pace than a lot of people are anticipating it. For years I have been writing my blog about this electric future, now it is here. Iconic London cab is going electric.

This is a statement and s sign of our times. It is very symbolic. I am meeting investment bankers in London and they are driving electric cars. Investors are driving Teslas and Electric Black Cabs - there is nothing to prove anymore. Electric cars are here and all cars will be electric.

Sales of electric cars jumped to 2.4% in November in the UK. And you know what is the secret? There are no best affordable electric cars in the UK yet. We had the best electric cars like Tesla Model S and X and we had affordable cars. Now we have the best and affordable electric car - Just wait for Tesla Model 3 to hit our street in numbers. And Bloomberg is talking that more than 200 EV models to chose from are coming by 2020.






UBS made a report earlier this year that EVs will be cheaper to own in 2018. Last month we had a report that EVs are cheaper to own already after 4 years in the UK, US, Japan and other countries. The switch is here. Millions of people are ready to switch and buy electric cars.

It took us all human history to get to 1st million of EVs by 2015, then less than two years to 2 million EVs by 2017. I expect that EV sales will be over 1 million units in 2018 alone. This the exponential Stage of S-curve for adoption rate of EVs.

Lithium is the magic metal at the very heart of this energy rEVolution. I am not surprised that UBS is advising their wealthy clients that Lithium demand will jump by more than 2,898% in the 100% EV world.


IEA reports that in order to keep the temperature increase below 2% we must have 600 Million EVs by 2040. It means that we have to produce 36 Million tonnes of lithium LCE by 2040. Our starting point is 200,000 t of Lithium LCE produced in 2016. Read more.





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 Announces Strategic Goals For 2018

Vancouver, B.C. February 2, 2018: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC) is pleased to announce the completion of a successful transitional year. We are building a green energy metals company in order to provide our shareholders with the opportunity to participate in the ongoing Energy rEVolution. ILC currently holds highly prospective projects in the most prolific areas of the world for lithium and rare metals. ILC’s joint ventures with Jiangxi Ganfeng Lithium Co. Ltd. in Argentina and Ireland are an entry point to a vertically integrated lithium business with the largest lithium materials producer from China.
During ILC’s transitional year, we built a team of dedicated professionals who cover all aspects of our operations and made further improvements to our internal controls and operating systems.
We have successfully activated all of our joint venture operations on the continents of Argentina, Ireland and Canada. Our partners include global industry leaders, Jiangxi Ganfeng Lithium Co. Ltd. of China and Pioneer Resources Limited of Australia.
Our main priority for 2018 is to continue to advance our JV operations with a focus on establishing access to strategic sources of capital in order to advance our business plan. ILC plans to optimize our portfolio of assets, strengthen our capital structure and extend our shareholder base.

On January 8, 2018, the Company, together with our joint venture partner, Mariana Lithium Co. Ltd. ((“MLC”), a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium”)), announced the adoption of a 2018 budget for continued work at the Mariana lithium brine project (“Mariana JV”) in Salta, Argentina. 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 82.754% by Ganfeng Lithium and 17.246% by ILC. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.
Highlights of the US $17 million budget for 2018 include:
  1. continued natural evaporation studies;
  2. membrane separation studies;
  3. aquifer characterization studies;
  4. preliminary economic assessment (“PEA”); and
  5. pre-feasibility studies (“PFS”).




The Company, together with joint venture partner GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium” or “GFL”), have adopted a 2018 budget for continued work at the Avalonia lithium pegmatite project (“Avalonia JV”) in Ireland, a joint venture between the two companies. The budget calls for Euro 705,000 (approximately CDN $1 million) to be invested in the Avalonia project. The budget covers ongoing exploration and evaluation work, administration fees and contingencies.
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.

In conjunction with its strategic partner, Pioneer Resources Limited (“Pioneer”) (ASX: PIO), the Company announced that drilling is underway at the Mavis Lake Lithium Project in the province of Ontario, Canada.
The 2018 winter program will comprise up to 1,200 metres of oriented NQ diamond core drilling and will test for extensions to spodumene-bearing pegmatites intersected by the joint venture (the “JV”) in the 2017 drilling program targeting the Fairservice (PEG006 or Pegmatite 6) prospect (see ILC news release dated October 17, 2017).


Change in  ILC’s Corporate Structure
ILC advises that the board has abolished the position of Deputy Chairman after due consideration as the position is considered unnecessary in the context of achieving the Company’s current objectives. John Wisbey, former Deputy Chairman, continues to serve as a director.
“The Board thanks Mr. Wisbey for his support and assistance in that role during the Company’s significant transitional year,” commented Kirill Klip, Executive Chairman of ILC. “We look forward to achieving our strategic goals and increasing value for all our shareholders.” 

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 was 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.