Tuesday, 20 October 2015

Ganfeng Increases Stake In Avalonia Lithium Project, Ireland And Finalizes Exploration Loan Agreement With International Lithium For Mariana Lithium Project, Argentina.



  "Mr. Kirill Klip, President, International Lithium Corp. comments, “The restructuring of our loan facilities with strategic partner Ganfeng Lithium provides ILC with financial relief and access to capital through the long term Exploration loan. In Argentina, all political candidates running in the upcoming elections are echoing the importance of mining and foreign investment to that country, something I view as very positive for our Mariana project. In Europe there is a growing concern that emissions standards are not being met with the clean diesel scandal paving the way for electric cars powered by lithium batteries. This gives our Avalonia project in Ireland strategic importance. Together with Ganfeng Lithium we continue to work towards supplying lithium as a raw material for clean power technologies in Europe and around the world.”

 I will add to my quote above the recent developments with Ganfeng Lithium in China:

"Ganfeng Lithium has enjoyed the exponential growth in the last years and has grown to the ranks of Top Lithium Producers. It supplies BYD, LG Chem and Panasonic, which supplies cells for Tesla Motors. It became the strategic partner of International Lithium and finances our two lithium J/Vs now in Argentina and Ireland. During the last Shareholder Meeting in China on September 21st Ganfeng has presented latest information on its incredible growth, market share and that security of Lithium Supply is its major concern. You can find more details on Ganfeng Lithium website."
 
  Please read carefully my legal disclaimer and never make any investment decisions without consulting with your preferred financial adviser.
  After very lengthy negotiations our Team at ILC has made another major transaction with Ganfeng Lithium - 1.2 Billion dollars market cap giant from China. Now we do not have hanging over our heads short term debt. We have established the long term credit facility with Ganfeng to finance our part of exploration costs on Mariana Lithium project with the maturity in 2024! Access to the capital in our sector will separate winners from the rest of the lithium racers. Now the project is ready for the major advance stage. We are finalising the corporate structure and budgets for these developments.
  With all Volkswagen and DieselGate news shattering Europe, it comes as no surprise that electrification of our transportation is the only commercially viable way forward - as you already know, in my personal opinion. LG Chem was very quick to announce the Lithium Battery plant to be build in Europe. I am calling on Tesla to bring its next Gigafactory to Ireland with its great corporate tax incentives, highly educated competitive work force and very competent government which is ready to propel its economy into the post carbon world. It will not hurt as well if Apple will decide at some point to build in Ireland some production facilities for its own Electric iCar. Rumours are running wild with this one, so we will see what the future brings to us here.
  It is not a secret for my followers, that Ganfeng Lithium is knocking very hard on the Europe's doors and supplies Lithium to a lot of customers already in EU. Our J/V with Ganfeng in Ireland: Avalonia Lithium project - has received the major approval from Ganfeng shareholders and we are working on the budgets for the next exploration season now.





International Lithium’s Search for Green Metals.

  


  "It is time to talk about the people behind the scenes of rEVolution, who are working very hard to  make the Green healthy future for your kids possible with the development of Clean Power and Lithium Technology at its foundation. Our CEO Gary Schellenberg has assembled unique and very deep technical team at ILC. I would like to start today with John Harrop - VP of Exploration of International Lithium Corp. He has picked all our projects on the three continents at the very dawn of the Lithium Race in 2008, now two of them have become J/Vs and financed by the giant from China Ganfeng Lithium, which is Strategic Partner of International Lithium and is holding 17.5% stake in ILC. 
  Apart from ILC John Harrop is VP of Exploration of our Precious and Energy Metals Royalty Holding Company TNR Gold and he has developed Shotgun Gold project in Alaska into almost 1 MOZ of Gold inferred resource project, waiting now for its turn to grow with the new strategic partner.
  Now John is running our both exploration programs with Ganfeng Lithium in Ireland and Argentina with our COO Anthony Kovacs and preparing our Mavis Lake Lithium and Tantalum project for the new strategic partnership to take ILC to the next level. You can find his technical articles on the web and today I will present his latest thoughts about Green Metals. Read more."


International Lithium Corp. - A Green-Energy Metals Company.




Tesla Motors: Our Mission - To Make All Cars Electric. Tesla Model 3: Third Time's A Charge.






  Elon Musk is charging into the mass market for electric cars with its Tesla Model 3. Are you still wondering why all cars will be electricTesla Motors CTO JB Straubel has made his best video explaining it all in depth: Tesla's History, Lithium Technology and Tesla Energy to bring the Sun, Wind and other renewables to power our rEVolution. Tesla was created not just to produce the very expensive luxury best cars in the world which happen to be electric. It has the mission to make it possible for all cars to be electric. Today I would like to introduce Tesla Model 3 which will bring us the mass market in electric cars properly. Enjoy!
  And if you would like to know more where the lithium will come from to power all this rEVolution and disruption of the few Trillion dollar industries, be my guest on my blog and the links below. Lithium technology has made it possible to store electricity - the most efficient form of energy known to us. Now lithium batteries will become cheaper and it changes everything. Read more."


International Lithium And Ganfeng In "Top Lithium Producers."




  
  Ganfeng Lithium has enjoyed the exponential growth in the last years and has grown to the ranks of Top Lithium Producers. It supplies BYD, LG Chem and Panasonic, which supplies cells for Tesla Motors. It became the strategic partner of International Lithium and finances our two lithium J/Vs now in Argentina and Ireland. During the last Shareholder Meeting in China on September 21st Ganfeng has presented latest information on its incredible growth, market share and that security of Lithium Supply is its major concern. You can find more details on Ganfeng Lithium website.





International Lithium Corp. Reports on Continuing Work in Argentina and Ireland With Ganfeng Lithium.


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:

Ganfeng Increases Stake in Avalonia Lithium Project, Ireland and Finalizes Exploration Loan Agreement with International Lithium for Mariana Lithium Project, Argentina

Vancouver, B.C. October 20, 2015, International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE:ILC.V) is pleased to announce that further to the Company’s press releases dated November 28, 2012, July 31, 2013 and March 19, 2014 announcing the original loan agreement and amendments (“Loan”) with strategic partner GFL International Co., Ltd (“Ganfeng Lithium” or “GFL”), ILC and GFL have amended the Loan to extinguish and replace the repayment terms of the original Loan. The latest agreement settles repayment provisions of the Loan principal and accrued interest totaling CDN$1,168,841 indebted to GFL. In return ILC grants GFL an additional 4% interest in the Avalonia project for extinguishing CDN$126,000 of the Loan and adds the balance of CDN$1,042,841 (US$798,500) to the Mariana exploration loan (“Exploration loan”), which was announced in the Company’s press release dated March 19, 2014.



The resultant ownership of the Avalonia project will be 55% GFL and 45% ILC until the CDN$10 million expenditures required to be incurred by GFL are reached or a positive feasibility study is produced for the project, at which time the ownership will be 79% GFL and 21% ILC. The Company and GFL have finalized the terms of the Exploration loan, under which GFL will make available to ILC a loan up to US$2,000,000 to cover a portion of, or the entirety of, ILC’s required contribution to the Mariana joint venture (“Joint Venture”). The Exploration loan carries an annual interest rate of 10% and is repayable from ILC’s share of Proceeds or Net Smelter Royalty payments derived from the Joint Venture. No interest is payable until such time as Proceeds or Net Smelter Royalty payments are derived from the Joint Venture.  If no Proceeds or Net Smelter Royalty payments are derived from the Joint Venture the Exploration loan, including accrued interest, shall be due and payable by March 14, 2024.




Mr. Kirill Klip, President, International Lithium Corp. comments, “The restructuring of our loan facilities with strategic partner Ganfeng Lithium provides ILC with financial relief and access to capital through the long term Exploration loan. In Argentina, all political candidates running in the upcoming elections are echoing the importance of mining and foreign investment to that country, something I view as very positive for our Mariana project. In Europe there is a growing concern that emissions standards are not being met with the clean diesel scandal paving the way for electric cars powered by lithium batteries. This gives our Avalonia project in Ireland strategic importance. Together with Ganfeng Lithium we continue to work towards supplying lithium as a raw material for clean power technologies in Europe and around the world.”




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.
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 (Mavis project) and Ireland (Avalonia project)





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."