President Of International Lithium Buys 1 Million Shares In The Company.
Please read carefully my legal disclaimer. After all our announcements I am allowed now to buy International Lithium shares again and have reported my first transactions a few weeks ago. Now I have finished my private transaction to acquire 1 million shares of International Lithium at 8 cents.
"This purchase is above the current market price of ILC. This securities are purchased for investment purposes only. Nothing on this blog must be taken as an investment advice and I can buy and sell any securities without any further notice.
Please access insider reporting filing on SEDI and latest financial information on all our companies on SEDAR. Never make any investment decisions without consulting with your preferred qualified financial adviser.
This blog is for education purposes only: this is my Chronicles of the Energy rEvolution and geopolitical transition of our society into the post carbon world. We are making it happen with our very talented Team at International Lithium and TNR Gold. I like what our Team is doing now at International Lithium and putting my money where my mouth is. Read more."
International Lithium At Wentworth: Back Into The Future - The World Just Before The INTERNET.
I would like to share today with you my presentation at Wentworth last week. International Lithium Team was on our European roadshow and we have visited Ireland as well during that trip. We were very fortunate and proud to meet hero Kevin Michael Vickers - the Ambassador of Canada to Ireland. You can find more pictures on my tweeter feed and stay tuned for the coming developments.
International Lithium And Ganfeng Lithium Move Mariana Lithium Brine Project Forward In Argentina.
Mr. Kirill Klip, President, International Lithium Corp. comments, “We have always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments. The results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. We welcome the change and look forward to working with the newly elected officials and advancing our Mariana lithium brine project in cooperation with our strategic partner, Ganfeng Lithium. Security of lithium supply is becoming more important as witnessed by recent price increases in China, all in advance of the completion of new battery production facilities announced by Tesla and other manufacturers. We continue to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products.” Read more.
BayStreet:
International Lithium Makes Progress With Project in Argentina
According to the Sydney Morning Herald, lithium prices are expected to rise strongly over the next two years. The price increase will be driven by increasing adoption of electric cars.
The Herald describes the increasing adoption of electric cars as a "game changer" for lithium. Citing Citigroup analyst Matthew Schmebri, the paper notes that currently the demand for lithium primarily comes from industrial companies that focus on the production of ceramics and glass but demand will rise substantially when electric vehicles become mainstream and require the commodity to run lithium-ion batteries.
Citigroup expects a significant increase in the production of pure electric vehicles. According to the bank, production of electric vehicles will increase from 150,000 this year to 290,000 in 2016.
By 2020, Citi expects electric vehicles production to increase to 1.04 million units. Not surprisingly, analysts are quite bullish on the outlook for lithium prices.
The bullish outlook also means that several new projects are being undertaken to meet the growing demand. Thursday morning, Canada-based International Lithium Corp. (TSX-Venture:ILC) announced progress with its project in Argentina. International Lithium primarily focuses on the Mariana lithium-potash brine project, which is located within the well-known South American lithium belt. The lithium belt hosts the vast majority of global lithium resources, reserves and production.
ILC along with its strategic partner Ganfeng Lithium Co. Ltd. announced that a preliminary budget of $4 million has been approved for exploration and development work during 2016 on the Mariana and Avalonia joint venture projects.
The two companies have allocated a budget of around $750,000 euros (approximately $1.1 Million Canadian) to the 2016 Avalonia exploration season with the rest dedicated to the Mariana Lithium project in Argentina.
ILC said that in Argentina, the funds will be used to commence investigation of the natural evaporation concentration process of the brine.
Commenting on the development, Kirill Klip, President at International Lithium, said that the company has always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments.
Mr. Klip further said that the results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. He added that the company continues to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products.
Shares in ILC were even on the day ($0.06) with light volume of 23,500, however shares have been on an uptrend for much of 2015, which is quite impressive considering the massive selloff
in junior miners over the same time period."
in junior miners over the same time period."
No comments:
Post a Comment