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:
International Lithium Reports Results from the 2015 Annual General Meeting
Vancouver, B.C. August 21, 2015, International Lithium Corp. (the "Company" or "ILC") (TSX VENTURE:ILC.V) held its Annual General Meeting on August 20, 2015 and is pleased to announce that all resolutions proposed in the information circular were passed. In addition, all agenda items, as outlined in the circular, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Mike Sieb, Mr. Wayne Spilsbury and Mr. Xiaoshen Wang.
Mr. Gary Schellenberg was reappointed Chief Executive Officer, Mr. Kirill Klip was reappointed President, Mr. Jerry Bella was reappointed Secretary and Chief Financial Officer, Mr. John Harrop was reappointed Vice President of Exploration and Mr. Anthony Kovacs was reappointed Chief Operating Officer.
"Approximately 29 million shares, or 38% of the outstanding shares, were voted at the meeting with shareholders giving overwhelming support for the direction Management and the Board of Directors are taking the Company," commented Gary Schellenberg.
Mr Li Ganfeng Lithium Chairman and Mr Klip International Lithium President.
Mr. Gary Schellenberg was reappointed Chief Executive Officer, Mr. Kirill Klip was reappointed President, Mr. Jerry Bella was reappointed Secretary and Chief Financial Officer, Mr. John Harrop was reappointed Vice President of Exploration and Mr. Anthony Kovacs was reappointed Chief Operating Officer.
Mr Schellenberg International Lithium Chairman and Mr Klip International Lithium President.
"Approximately 29 million shares, or 38% of the outstanding shares, were voted at the meeting with shareholders giving overwhelming support for the direction Management and the Board of Directors are taking the Company," commented Gary Schellenberg.
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.
Mr Shen Ganfeng Lithium, Mr Wang Ganfeng Lithium First Vice-President, Mr Harrop International Lithium VP of Exploration and Mr Klip International Lithium President.
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 and Ireland. 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.
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