Many lithium juniors have experienced climbing stock prices due to an expected surge in demand for ‘green’ lithium ion batteries. International Lithium Corp. (TSXV: ILC) believes it is well positioned to capitalize on this trend with its two projects as well as a partnership with a China based lithium product manufacturer. SmallCapPower caught up with International Lithium CEO Gary Schellenberg at the 2016 Vancouver Resource Investment Conference, who outlined some of the uses for lithium and provided a timeline to production.
International Lithium Begins Brine Evaporation Process Studies on the Mariana Project With Ganfeng, Argentina.
We are moving full speed ahead in Argentina and starting our very close collaboration with Ganfeng Lithium by utilising their unique advanced R&D technology in extraction and producing Lithium Materials. Finally, this beautiful country will live to its full potential, proud people of Argentina is taking their country back!
Mr. Kirill Klip, President, International Lithium Corp. comments, “We are very pleased to be starting the first stage of our 2016 program with Ganfeng at Salar de Llullaillaco. The results of this work will prepare us for larger scale field tests at the salar.
The newly elected government in Argentina is taking several steps that will improve operating conditions for mining companies. These steps are opening a new chapter in Argentina’s economic development and ILC is very proud to be part of this 21st century international cooperation!”
International Lithium: Mavis Lake Lithium And Tantalum Project, Canada.
"With GM Bolt and Faraday Future unveiling at CES 2016, Lithium Technology is in the headlines these days and getting finally on the investor's radar screens. Today 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: we are advancing another $4 million exploration programs on these projects now. Mavis Lake presents another very important opportunity for development of potential source of conflict free strategic commodities in politically stable Canada. We are talking here about the security of Lithium Supply for the West now. With our J/Vs with Ganfeng Lithium solidly on track for the development, we are concentrating now on the Strategic Partnership to build the Next Lithium Producer in North America. Read more."
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."
International Lithium Receives Notice of License Renewals for the Avalonia Lithium Project, Ireland
"Mr. Kirill Klip, President, International Lithium Corp. comments, “The Avalonia project joint venture, fully funded by strategic partner Ganfeng Lithium Co. Ltd., (“GFL”), could be of strategic importance to the European Union should a sufficient resource be identified. Clean fuel technologies for motor vehicles are becoming increasingly important to the European Economic Community to tackle climate change and the air pollution crisis in major urban areas. Lithium technology will play a major role when it comes to providing batteries for communication devices, electric vehicles and utility storage systems. Renewable sources of energy such as solar and wind power will also benefit from lithium battery technologies and become more commonplace as the problem of intermittency will be addressed providing steady power from these sources 24/7.” Read more."
International Lithium:
International Lithium Begins Brine Evaporation Process Studies on the Mariana Project, Argentina
Vancouver, B.C. 19 January 2016, International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE:ILC.V)is pleased to announce that together with strategic partner Ganfeng Lithium Co. Ltd., (“GFL”) the 2016 exploration and development work on the Mariana joint venture project has begun.
As previously announced on December 10, 2015 the companies have allocated a budget of approximately US $3,190,000 dedicated to the Mariana Lithium project in Argentina. The first phase of this budget includes conducting bench scale evaporation tests at the Universidad Técnica de Oruro (“UTO”) in Bolivia.
The company has contracted Door To Design, Inc. to oversee the test work conducted at UTO. The goal of the tests is to study the evaporation path of lithium-potassium-boron brine from Salar de Llullaillaco where the Mariana joint venture owns 100% of the mineral rights. Door to Design staff have significant previous experience with similar projects in Argentina and Chile.
Understanding the natural evaporation path and how to effectively control it is paramount in the development of a process to 1) selectively precipitate key potassium and boron ore minerals and 2) remove impurities, leaving a by-product of lithium concentrate brine that can be further processed to produce other lithium products.
Universidad Técnica de Oruro was chosen for these tests because it is located in the Altiplano plateau, which is the Bolivian extension of the Puna in northwestern Argentina where Salar de Llullaillaco is located. Salar de Llullaillaco is approximately 3,800 metres and UTO 3,600 metres above sea level, resulting in the testing laboratory having similar weather and atmospheric conditions to the project area. Similar conditions are important to maximize the predictive ability of the study results. Evaporation bench tests are anticipated to take approximately five months.
Mr. Kirill Klip, President, International Lithium Corp. comments, “We are very pleased to be starting the first stage of our 2016 program with Ganfeng at Salar de Llullaillaco. The results of this work will prepare us for larger scale field tests at the salar.
The newly elected government in Argentina is taking several steps that will improve operating conditions for mining companies. These steps are opening a new chapter in Argentina’s economic development and ILC is very proud to be part of this 21st century international cooperation!”
John Harrop, P.Geo, FGS, is a Qualified Person as defined under NI 43-101 and has prepared the technical information contained in this press release.
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.
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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