Today I have the opportunity to share with you, finally, the very good news which all our International Lithium Team was working very hard to deliver. It is one of many more to come and a very small token of appreciation of the value that we all have managed to build despite of the total massacre in the junior mining.
We have found new very strong partners who is sharing our vision of the future. This future is already here, it is just unfortunate that not everybody has it noticed. All cars will be electric. Lithium is the magic metal at the very heart of this rEVolution.
International Lithium is plugged into this Next Big Thing with our Team, Projects and Strategic Partners. Now the tide is coming: we have the beautiful boat, very strong Crew seasoned by the storms and today we are putting up our sails.
We are making our financing at the more than double premium to our market price just one month ago: at 8 cents vs 2.5 cents low in August. Any journey is full of uncertainties and risks; and it is always safer to stay on shore. Please read carefully all our legal disclaimers.
Nothing is for certain apart from death and taxes in this world, but we know how to navigate once we are at sea. And today I am pleased to share with you our destination:
International Lithium Corp. - A Green-Energy Metals Company.
I have written extensively about International Lithium and our strategic partner Ganfeng Lithium. Our J/Vs in Argentina and Ireland are financed by this giant from China and we have very important access to the technology. Basically we are building the secure supply chain for Ganfeng Lithium using their expertise in raw materials needed for production of battery grade lithium from the very beginning. Our brine bulk sample from Mariana is being tested at Ganfeng state-of-the-art R&D facilities in China and in Ireland we have identified 22 exploration targets. Now, according to our latest NR, we are waiting for the approval of the budgets for both projects to be rapidly advanced after very encouraging results were received from the last exploration stage this year.
Today I would like to show you another side of International Lithium. We have the very strong technical team headed by our CEO Gary Schellenberg. Anthony Kovac - our COO and John Harrop - our VP of Exploration are among very few top level exploration managers and geologists in lithium sector. This Team depth has allowed International lithium to attract Ganfeng and strike two major J/V deals in all our industry. These days we are getting the first fruits of this very hard work. Coming volume shows that market is waking up and we are receiving at least some recognition of the value we have been building all these years.
I am talking a lot about the security of lithium supply and Tesla Lithium Hydroxide Supply Deal is another proof and was noticed by market overnight. Now venture capital is knocking on all doors chasing the upstream supply chain for electric cars and Energy rEVolution.
We have another great project at International Lithium: Mavis Lake Lithium And Tantalum Project which is located in mining friendly Canada in the area with excellent infrastructure and very encouraging initial exploration results with high grade Lithium and Tantalum. It will be our next strategic advance for the company. With J/Vs moving forward we are looking for the strong Strategic Partner to develop this project for the potential supply of this strategic commodity for the ongoing Next Industrial rEVolution. West will wake up one day to the fact that China has managed to control now not only over 90% of REE production, but 75% of Battery Grade Lithium Hydroxide as well.
Security of Supply means exactly this - Security. When the price is taking the second consideration and availability of critical materials is taking the central stage. My personal mission is to make this Security happen for the Western world for real as well, even if this part of the World still lives by HFT rules and Q by Q performance reflecting the coming bonuses. Our Asian friends are beating us all here with the state-level plans looking for The Next Fifty Years and building new strategic industries like Electric Cars in China.
We have Elon Musk, we need more like him, but it is a very good start. Our strategic partner for Mavis Lake is waiting somewhere in between of latest Q performance reviews. If you know the one - you know whom to call. Now I do not have really to explain any more What Is Lithium For - Elon Musk has made the great job and every single Tesla Model S is the best moving ad of the things to come. All cars will be electric and it will be very soon. And by the way any new hard rock mine for Lithium will take 5-7 years to build Lithium brine operations will take 4-5 years at best.
Why International Lithium? You can check presentation above.
International Lithium: Mavis Lake Lithium And Tantalum Project, Canada.
With lithium in the headlines these days I would like to present International Lithium's Mavis Lake Lithium and Tantalum project in Canada. Our J/V projects with Ganfeng Lithium: Avalonia in Ireland and Mariana in Argentina - are better known, but Mavis Lake presents another very important opportunity for advance of potential source of conflict free strategic commodities in politically stable Canada. Read more.
International Lithium Corp. Updates on Drilling Programs in Argentina and Ireland.
International Lithium:
President's Message
To the shareholders and stakeholders of International Lithium.
Since my previous address the markets for junior resource companies have not improved, if anything they may be even worse, but I am not here to dwell on bad news and present explanations for low share prices under a promise that the future will be better. I am here to discuss our accomplishments, share some of my insight into the outlook for lithium and present some ideas we hope to advance in the next year to help make International Lithium Corp. the company we set out to create; to source lithium raw materials for the green energy revolution that is only in its infancy.
In this past year, we have accomplished what we set out to do. We have run successful exploration programs on our key projects within the limited budgets afforded by our strategic partner and once again we have avoided dilution of our shares by avoiding financings at very low share prices. We have done this in what could be deemed the worst market scenario for the junior resource sector ever.
Our strategic partner, Ganfeng Lithium Co. Ltd., approved a budget of approximately 2,645,000 Canadian dollars in July of 2014. As these funds were dispersed between our two joint venture projects, we have worked to secure the ownership of the projects and set up operational entities in two countries (on two different continents) to administer the joint venture exploration programs. We have converted debt, avoided equity financings, and cut back on executive compensation in order to avoid increasing our total number of shares outstanding at such low share prices and preserve capital to keep our projects in good standing.
We are currently finalizing details and the corporate structures for our joint venture projects in order to move these forward with even greater efficiency. As these tasks are now near complete, we believe it is time to refocus our attention to growing opportunities for the company and its shareholders.
Despite the current decline in commodity prices, we know the demand for lithium is set to increase in the near future. We know this because there is an energy revolution taking place before our eyes. For the first time since the industrial revolution we see a significant challenge to energy derived from fossil fuels. The global community has come to accept that climate change is a threat to our well being and that problem is exacerbated by burning fossil fuels. Combined with the increasing amounts of airborne pollutants caused by fossil fuels, governments of the world's greatest economies are committing tremendous resources to help wean themselves of these harmful emissions.
Our recent financing (announced on September 10, 2015) will allow us to continue to source new projects that have the potential to supply critical metals to these new and emerging green energy technologies. Our corporate team has developed considerable expertise in acquiring and advancing early stage projects in both domestic and foreign regions and our technical team has become well versed in lithium deposits and other rare and specialty metals occurrences; metals that are necessary to construct batteries, electric motors and generators.
Our timing in these endeavors could not be better. It seems that everyday there is news from Tesla or Apple regarding their future plans to feed the market with electric cars - cars that will run on lithium based batteries. Other automobile manufacturers have joined in the hysteria like BMW, Audi, and Mercedes to name just a few. Lithium market analysts like Joe Lowry are predicting a significant increase in lithium demand over the next few years.
The mineral exploration and development space is seeing virtually no cash injected into finding, advancing and developing new deposits to meet this future demand. There will be a tremendous crunch that will come, since new mines are costly to develop and require several years of planning and permitting prior to providing a useable product for the market.
Now is the time to acquire projects at a low cost. This is what we did when we created International Lithium in 2008. The next step is to find a strategic partner for a specific project as we did with Ganfeng Lithium, only this time we will not be caught in a market downturn but the beginning of the next great commodity cycle. We started this company with the vision to produce metals for the green energy revolution and we will continue to do so in the months and years to come.
Thank you for your attention.
Kirill Klip
President, International Lithium Corp.
Kirill Klip
President, International Lithium Corp.
International Lithium:
International Lithium Corp. Announces Private Placement
Vancouver, B.C. September 10, 2015: International Lithium Corp. (the "Company" or "ILC") (TSXVENTURE:ILC.V) announces a private placement for gross proceeds of $760,000, through the issuance of units of ILC, at a price of $0.08 per unit. Each unit comprises one common share and one-half of one transferable common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of ILC for a period of three years from the date of issuance at a price of $0.12 per share. ILC may pay finder's fees in accordance with TSX Venture Exchange policies. Proceeds of the private placement will be used for the continued exploration of ILC's properties and for general working capital purposes. All securities issued pursuant to the private placement will be subject to a four-month-and-a-day hold period.
Mr. Kirill Klip, President, International Lithium Corp. invites readers to visit the Company's website and view an updated President's message.
Mr. Kirill Klip, President, International Lithium Corp. invites readers to visit the Company's website and view an updated President's message.
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 GFL International, a fully owned subsidiary of 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 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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