International Lithium Corp. announces that it has closed the first tranche of the previously announced non-brokered private placement of units to raise proceeds of $450,000. Three non-arms' length parties participated in the private placement for total investments of $300,000: significant shareholder of the Company, TNR Gold Corp. , Executive Chairman, Kirill Klip, and Deputy Chairman, John Wisbey. The proceeds of the [...]
International Lithium, in conjunction with its strategic partner, Pioneer Resources, is pleased to announce that drilling is underway at the Mavis Lake Lithium Project in the province of Ontario. Pioneer advises that drilling at Mavis Lake commenced late last week. The 2018 winter program will comprise up to 1,200 metres of oriented NQ diamond core drilling and will test for extensions to spodumene-bearing pegmatites [...]
International Lithium is pleased to announce, together with joint venture partner GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium, the adoption of a 2018 budget for continued work at the Avalonia lithium pegmatite project in Ireland, a joint venture between the two companies The ownership of the Avalonia project is currently 55% GFL and 45% ILC. GFL have an option to earn an additional 24% by either [...]
International Lithium is pleased to announce, together with joint venture partner Mariana Lithium Co., a subsidiary of Jiangxi Ganfeng Lithium Co.the adoption of a 2018 budget for continued work at the Mariana lithium brine project in Salta, a joint venture between the two companies. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in [...]
International Lithium announces that it will conduct a private placement of up to 5,000,000 units at a price of $0.20 per Unit for gross proceeds of up to $1,000,000 CAD, which may include non-arm's length parties, including TNR Gold and directors of the Company. Each Unit consists of one common share of the Company and one-half of one transferable common share purchase warrant . Each Warrant is exercisable into one [...]
International Lithium is pleased to announce a settlement agreement between the Company and its joint venture partner, Mariana Lithium Co. Ltd. , a subsidiary of Jiangxi Ganfeng Lithium Co., Ltd. ) regarding the Mariana Lithium JV brine project in Salta, Argentina. As it was reported in Company's MD&A, in January 2017, during the transition from the former management of ILC to the current management, it is acknowledged [...]
International Lithium announces the grant of 3,500,000 stock options to directors, officers, employees and consultants of the Company. The Options are exercisable at $0.18 per share until five years from the date of grant. Any shares issued on the exercise of the Options will be subject to a trading hold period of four months from the date of grant. On behalf of the Board of Directors, Kirill Klip Executive Chairman [...]
International Lithium Corp. is pleased to announce that it has received a report prepared by Geos Mining Minerals Consultants of Australia through ILC's joint venture partner, Mariana Lithium Co., Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co., Ltd. The report summarizes results from trial pump tests conducted in September 2017 at Salar de Llullaillaico, location of the Mariana lithium brine joint venture project in [...]
International Lithium announces that it has closed the previously announced private placement of convertible securities to raise proceeds of $700,000 from a non-arms' length party, being a significant shareholder of the Company, TNR Gold Corp. The convertible securities bear interest at the rate of 15% per annum, payable January 31 of each year, and have a maturity date of January 31, 2019. The lender may convert at any [...]
International Lithium is pleased to announce that all resolutions proposed at the Company's annual general meeting of shareholders held on November 20, 2017 were passed. All agenda items outlined in the information circular for the meeting were approved and all directors standing for election were re-elected. The directors elected for the ensuing year were Maurice Brooks, Kirill Klip, Ross Thompson and John Wisbey. In [...]
International Lithium is pleased to announce, with strategic partner Pioneer Resources, and further to the Company's news release of April 11, 2017, an update on the Mavis Lake Lithium Project in Ontario, Canada. Drilling at the Mavis Lake Lithium Project conducted in February 2017 under the direction of Pioneer resulted in several key intersections at the Pegmatite 6 Target Area . Key Intersections from the Pegmatite 6 [...]
International Lithium announces that it will conduct a private placement of convertible securities having a face value of up to $700,000 from a non-arms' length party, being a significant shareholder of the Company, TNR Gold Corp. The convertible securities bear interest at the rate of 15% per annum, payable January 31 and have a maturity date of January 31, 2019. The lender may convert at any time, all or a portion of [...]