CA Market News
3日前
ILC Critical Minerals Ltd. Announces Extension of Private PlacementJune 3, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 3, 2026) - ILC Critical Minerals Ltd. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH0) ("ILC" or the "Company") is extending the closing of its non-brokered private placement financing (the "Offering") to June 26, 2026. The Offering was originally announced on April 8, 2026. The Offering is comprised of up to 50,000,000 common shares of the Company at a price of CAD$0.02 per share for gross proceeds of up to CAD$1,000,000.The Company anticipates that $500,000 or 50% of the Offering proceeds will be used for exploration program on the Raleigh Lake and Wolf Ridge Projects, $275,000 or 27.5% for general working capital purposes, and $225,000 or 22.5% for management and director fees. Payments, if any, to persons conducting Investor Relations activities are expected to be appreciably less than 10% of the gross proceeds of the Offering. Any such Investor Relations engagements will be filed with the TSX Venture Exchange ("TSXV"), in accordance with their policies. Closing of the Offering is subject to acceptance by the TSXV. All securities issued in connection with the Offering will be subject to a four-month hold period from the date of issuance under applicable Canadian securities laws. The Company may pay finders fees on a portion of the placement, as permitted by TSXV policies and applicable securities laws.It is anticipated that some directors and insiders will participate in this Offering. The issue of shares (to the extent subscribed for by insiders) constitute "related party transactions" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as the subscribers include directors of the Company. The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the shares in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the shares to be issued to directors and insiders does not exceed 25% of the Company's market capitalization.At the same time, although unrelated to the Offering, ILC announces that it is extending for a further year its advertising and investor awareness campaign with Dig Media Inc., doing business as Investing News Network ("INN"). INN, a private company headquartered in Vancouver, Canada, is a leading information platform used by many TSX and TSXV listed companies for advertising, investor awareness campaigns, profile generation, press release syndication and lead generation. While the board has historically taken the view, after interaction with TSXV on the services provided to ILC, that INN does not provide Investor Relations or Market Making services, we are announcing this extension this year after consulting with TSXV on the current interpretation of their policies. For the 12-month term of the agreement, INN will provide advertising to increase awareness of the Company. The cost of the campaign is $25,000 payable in quarterly installments of $6,250 due at the start of the quarter. INN currently holds no securities in the Company. About ILC Critical Minerals Ltd.ILC Critical Minerals Ltd., formerly International Lithium Corp., has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share, but where the Company stands to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. While the world's politicians remain divided on the future of the energy market's historic dependence on oil and gas and on "Net Zero", there is in any scenario an ever-increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All of these contribute to rising demand for lithium, copper, and other metals. Rubidium is also a critical metal, strategic for high-precision clocks, space technology, and improving the performance of certain types of solar panels. ILC has seen the politically driven, increasingly urgent push by the USA, Canada, the EU, and other major economies to safeguard their supplies of critical minerals and to become more self-sufficient. The Company's Canadian and Southern African projects, which contain lithium, rubidium and copper, are strategic in this regard.The Company's key mission for the next decade is to generate revenue for its shareholders from lithium, rubidium and other critical minerals while also contributing to the creation of a greener, cleaner planet and less polluted cities. This includes optimizing the value of ILC's existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. The Company has announced that it regards Southern Africa as a key strategic target market and it has applied for and hopes to receive EPOs in Zimbabwe. The board hopes to make further announcements on the portfolio developments over the next few weeks and months.The Company's interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:NameMetalLocationStageArea in HectaresCurrent Ownership PercentageFuture Ownership % if options exercised and/or residual interestOperator or JV PartnerRaleigh LakeLithium
RubidiumOntarioDec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb 32,900100%100%ILCFiresteelCopper, CobaltOntarioInitial Drilling 6,60090%90%ILCWolf RidgeLithiumOntarioPre-Drilling 5,7000%100%ILCMavis LakeLithiumOntarioMay 2023
Maiden Resource Estimate 2,6000%0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)Critical Resources Limited (ASX: CRR)AvaloniaLithiumIrelandDrilling 29,2000%0%
2.0% Net Smelter RoyaltyGFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd)Forgan/
Lucky LakesLithiumOntarioDrilling < 5000%0%
1.5% Net Smelter RoyaltyPower Minerals Limited (ASX: PNN) The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC's most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of the Company's claims. A Preliminary Economic Assessment was published for ILC's lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC's separate rubidium resource still pending. This showed, for the lithium only and not yet taking into account the rubidium, a Post-tax NPV of CAD$342.9 million and a Post-tax IRR of 44.3% p.a. This was based on a spodumene price of US$2,325 per tonne and a US$-CAD$ exchange rate of 1.35. As at the end of May 2026 the spot spodumene price in CAD$ was around 10% higher than that used in the PEA. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.A continuing goal has been to remain a well-funded, strategically run company that turns ILC's aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC has continued to generate sufficient cash inflows to advance its exploration projects. With the significant upturn in the lithium price since mid 2025, ILC is focused on realising value from the Raleigh Lake project which now has better economics on the revenue side than at the time of the PEA even excluding the likely upside from the separate rubidium resource. A key priority is also to increase investor awareness of the growing disconnect between the NPV in the Raleigh Lake PEA and the Company's market capitalisation - which is presently less than 2% of the Raleigh Lake NPV.On behalf of the Company,John Wisbey
Chairman and CEO
www.ilccm.comFor further information concerning this news release, please contact info@ilccm.com or ILC@yellowjerseypr.com, or telephone +1 236 358 9100._______________________________________________________________________________________Neither 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.Cautionary Statement Regarding Forward-Looking InformationExcept for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the effect on results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Firesteel or Wolf Ridge projects, expected commodity prices, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or cesium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, the Company's budgeted expenditures, government permits or approval for licences and licence renewals, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company's third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or shareholders in our projects or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available on the Company's website www.ilccm.com or on Sedar Plus. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299947 Original: ILC Critical Minerals Ltd. Announces Extension of Private Placement
CA Market News
1月前
ILC Critical Minerals Ltd. Announces Adoption of Semi-Annual ReportingMay 6, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 6, 2026) - ILC Critical Minerals Ltd. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH0) ("ILC" or the "Company") is pleased to announce that it has elected to adopt the Semi-Annual Reporting policy pursuant to the Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("Blanket Order"). The Company confirms that it meets all conditions outlined in the Blanket Order to rely on the quarterly reporting exemption. The Company will not file condensed interim consolidated financial statements and related Management Discussion and Analysis ("MD&A") for the three-month period ending March 31, 2026, and the nine-month period ending September 30, 2026, and all subsequent periods ending March 31 and September 30. The Company will continue to file audited annual consolidated financial statements within 120 days of December 31, and six-month condensed interim financial statements and related MD&A within 60 days of June 30. The Company welcomes the regulatory move to allow semi-annual reporting which is in line with exchanges in many other countries including European countries and Australia. The Company remains committed to timely disclosure and will continue to report as required under National Instrument 51-102, Continuous Disclosure Obligations.About ILC Critical Minerals Ltd.ILC Critical Minerals Ltd., formerly International Lithium Corp., has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share, but where the Company stands to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. While the world's politicians remain divided on the future of the energy market's historic dependence on oil and gas and on "Net Zero", there is in any scenario an ever-increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All of these contribute to rising demand for lithium, copper, and other metals. Rubidium is also a critical metal, strategic for high-precision clocks, space technology, and improving the performance of certain types of solar panels. ILC has seen the politically driven, increasingly urgent push by the USA, Canada, the EU, and other major economies to safeguard their supplies of critical minerals and to become more self-sufficient. The Company's Canadian and Southern African projects, which contain lithium, rubidium and copper, are strategic in this regard.The Company's key mission for the next decade is to generate revenue for its shareholders from lithium, rubidium and other critical minerals while also contributing to the creation of a greener, cleaner planet and less polluted cities. This includes optimizing the value of ILC's existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. The Company has announced that it regards Southern Africa as a key strategic target market and it has applied for and hopes to receive EPOs in Zimbabwe. The board hopes to make further announcements on the portfolio developments over the next few weeks and months.The Company's interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:NameMetalLocationStageArea in HectaresCurrent Ownership PercentageFuture Ownership % if options exercised and/or residual interestOperator or JV PartnerRaleigh LakeLithium
RubidiumOntarioDec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb 32,900100%100%ILCFiresteelCopper, CobaltOntarioInitial Drilling 6,60090%90%ILCWolf RidgeLithiumOntarioPre-Drilling 5,7000%100%ILCMavis LakeLithiumOntarioMay 2023
Maiden Resource Estimate 2,6000%0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)Critical Resources LimitedAvaloniaLithiumIrelandDrilling 29,2000%0%
2.0% Net Smelter RoyaltyGFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd)Forgan/
Lucky LakesLithiumOntarioDrilling < 5000%0%
1.5% Net Smelter RoyaltyPower Minerals Limited The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC's most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of the Company's claims. A Preliminary Economic Assessment was published for ILC's lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC's separate rubidium resource still pending. This showed, for the lithium only and not yet taking into account the rubidium, a Post-tax NPV of CAD$342.9 million and a Post-tax IRR of 44.3% p.a. This was based on a spodumene price of US$2,325 per tonne and a US$-CAD$ exchange rate of 1.35. As at the end of April 2026 the spot spodumene price in CAD$ was around 10% higher than that used in the PEA. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.A continuing goal has been to remain a well-funded, strategically run company that turns ILC's aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC has continued to generate sufficient cash inflows to advance its exploration projects. With the significant upturn in the lithium price since mid 2025, ILC is focused on realising value from the Raleigh Lake project which now has better economics on the revenue side than at the time of the PEA even excluding the likely upside from the separate rubidium resource. A key priority is also to increase investor awareness of the growing disconnect between the NPV in the Raleigh Lake PEA and the Company's market capitalisation - which is presently less than 2% of the Raleigh Lake NPV.On behalf of the Company,John Wisbey
Chairman and CEO
www.ilccm.comFor further information concerning this news release, please contact info@ilccm.com or ILC@yellowjerseypr.com, or telephone +1 236 358 9100Neither 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.Cautionary Statement Regarding Forward-Looking InformationExcept for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the effect on results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Firesteel or Wolf Ridge projects, expected commodity prices, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or cesium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, the Company's budgeted expenditures, government permits or approval for licences and licence renewals, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company's third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or shareholders in our projects or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296184 Original: ILC Critical Minerals Ltd. Announces Adoption of Semi-Annual Reporting
CA Market News
2月前
ILC Critical Minerals Ltd. Announces Private PlacementApril 8, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 8, 2026) - ILC Critical Minerals Ltd. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH0) ("ILC" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") of up to 50,000,000 common shares at CAD$0.02 per share to raise gross proceeds of up to CAD$1,000,000. There are no warrants attached to this placement.The Company anticipates that $500,000 or 50% of the Offering proceeds will be used for exploration program on the Raleigh Lake and Wolf Ridge Projects, $275,000 or 27.5% for general working capital purposes, and $225,000 or 22.5% for management and director fees. Payments, if any, to persons conducting Investor Relations activities are expected to be appreciably less than 10% of the gross proceeds of the Offering. Any such Investor Relations engagements will be filed with the TSX Venture Exchange ("TSXV"), in accordance with their policies. Closing of the Offering is subject to acceptance by the TSXV. All securities issued in connection with the Offering will be subject to a four-month hold period from the date of issuance under applicable Canadian securities laws. The Company may pay finders fees on a portion of the placement, as permitted by TSXV policies and applicable securities laws.It is anticipated that some directors and insiders will participate in this Offering. The issue of shares (to the extent subscribed for by insiders) constitute "related party transactions" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as the subscribers include directors of the Company. The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the shares in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the shares to be issued to directors and insiders does not exceed 25% of the Company's market capitalization.The Company is withdrawing the C$2,500,000 private placement of shares announced on February 3, 2026. A large part of that placement was allocated for the expected option exercise by February 27, 2026, to buy from Lepidico (Canada) Inc. 100% of Lepidico (Mauritius) Ltd. ("the Lepidico Option"). This company in turn controlled 80% of the Karibib project in Namibia, and there would have been appreciable necessary follow on expenditure that needed funding. Following the expiry and non-exercise by ILC of the option as announced on March 4, 2026, due to delays in obtaining TSXV approval, the Company has reviewed its financing requirements based on forthcoming operational needs, and has also taken into account the fact that the loan of C$510,000 advanced by the Company to Lepidico (Canada) Inc. has now been repaid in full. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESAbout ILC Critical Minerals Ltd.ILC Critical Minerals Ltd., formerly International Lithium Corp., has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share, but where the Company stands to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. While the world's politicians remain divided on the future of the energy market's historic dependence on oil and gas and on "Net Zero", there is in any scenario an ever-increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All of these contribute to rising demand for lithium, copper, and other metals. Rubidium is also a critical metal, strategic for high-precision clocks, space technology, and improving the performance of certain types of solar panels. ILC has seen the politically driven, increasingly urgent push by the USA, Canada, the EU, and other major economies to safeguard their supplies of critical minerals and to become more self-sufficient. The Company's Canadian and Southern African projects, which contain lithium, rubidium, cesium and copper, are strategic in this regard.The Company's key mission for the next decade is to generate revenue for its shareholders from lithium, rubidium and other critical minerals while also contributing to the creation of a greener, cleaner planet and less polluted cities. This includes optimizing the value of ILC's existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. The Company has announced that it regards Southern Africa as a key strategic target market and it has applied for and hopes to receive EPOs in Zimbabwe. The board hopes to make further announcements on the portfolio developments over the next few weeks and months.The Company's interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:NameMetalLocationStageArea in HectaresCurrent Ownership PercentageFuture Ownership % if options exercised and/or residual interestOperator or JV PartnerRaleigh LakeLithium
RubidiumOntarioDec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb 32,900100%100%ILCFiresteelCopper, CobaltOntarioInitial Drilling 6,60090%90%ILCWolf RidgeLithiumOntarioPre-Drilling 5,7000%100%ILCMavis LakeLithiumOntarioMay 2023
Maiden Resource Estimate 2,6000%0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)Critical Resources Limited (ASX: CRR)AvaloniaLithiumIrelandDrilling 29,2000%0%
2.0% Net Smelter RoyaltyGFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd)Forgan/
Lucky LakesLithiumOntarioDrilling < 5000%0%
1.5% Net Smelter RoyaltyPower Minerals Limited (ASX: PNN) The Company's primary strategic focus at this point is on the Raleigh Lake Project, comprising lithium and rubidium, and the Firesteel copper project in Canada, as well as obtaining EPOs and mineral claims in Zimbabwe. The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC's most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of the Company's claims. A Preliminary Economic Assessment was published for ILC's lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC's separate rubidium resource still pending. This showed, for the lithium only and not yet taking into account the rubidium, a Post-tax NPV of CAD$342.9 million and a Post-tax IRR of 44.3% p.a. This was based on a spodumene price of US$2,350 per tonne and a US$-CAD$ exchange rate of 1.35. As at the beginning of April 2026 the spot spodumene price in CAD$ was slightly higher than that used in the PEA. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.A continuing goal has been to remain a well-funded, strategically run company that turns ILC's aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC has continued to generate sufficient cash inflows to advance its exploration projects. With increasing demand for high-tech rechargeable batteries used in electric vehicles, energy storage, and portable electronics, lithium has been dubbed "the new oil". It is a key part of a green, sustainable economy. By positioning itself on projects with significant resource potential and solid strategic partners, ILC aims to become a preferred lithium and critical minerals resource developer for investors and to continue building value for its shareholders throughout the 2020s, the decade of battery metals.On behalf of the Company,John Wisbey
Chairman and CEO
www.ilccm.comFor further information concerning this news release, please contact info@ilccm.com or ILC@yellowjerseypr.com, or telephone +1 236 358 9100_______________________________________________________________________________________Neither 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.Cautionary Statement Regarding Forward-Looking InformationExcept for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the effect on results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Firesteel or Wolf Ridge projects, expected commodity prices, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or cesium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, the Company's budgeted expenditures, government permits or approval for licences and licence renewals, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company's third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or shareholders in our projects or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291600
Original: ILC Critical Minerals Ltd. Announces Private Placement
CA Market News
3月前
ILC Critical Minerals Ltd. Does Not Exercise Option to Buy Lepidico Mauritius Ltd.March 4, 2026 5:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - ILC Critical Minerals Ltd. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH0) ("ILC" or the "Company") announces that it has not exercised, nor has it been able to extend, its option to buy 100% of Lepidico (Mauritius) Ltd. ("Lepidico Mauritius") from Lepidico (Canada) Inc. ("Lepidico Canada") which expired on February 27, 2026. This company controls 80% of the Karibib lithium, rubidium and cesium project in Namibia.The ILC board had carefully considered the financial and legal risks of the transaction, and supported the exercise of the option. The board had the required funding ready. However TSX Venture Exchange ("TSXV") did not give the required approval in time to ILC that would have enabled ILC to complete the transaction. It might have been possible to extend the expiry date of the option further, but this would have required ILC to provide additional working capital to Lepidico Canada. The TSXV went further and also prevented ILC from lending more money for working capital to Lepidico Canada. This had the practical effect on ILC that the option could neither be exercised nor extended. This is a setback for ILC's plans in Southern Africa because Karibib has a large lithium resource, the biggest known rubidium resource in Africa, and enough cesium for about one year of world use, and it had already reached Definitive Feasibility Study stage under JORC in 2020. Such advanced stage development projects are hard to find, and the board believed after months of work on the transaction that it could have added considerable shareholder value albeit with some risk. Lepidico Canada's board felt that it was not able to continue further as a viable company without the extra funds needed for its working capital needs. While ILC's board would have been willing for ILC to offer this, the block by TSXV made this impossible to offer. As a result Lepidico Canada has now changed ownership. There is still a possibility of ILC being offered involvement in this project, in which case the ILC board would allow an extended period for TSXV's review processes to complete in such a manner that gives a greater chance of allowing a favourable outcome from TSXV. Obviously however such an outcome cannot be assumed.By order of the board John Wisbey
Chairman and CEOAbout ILC Critical Minerals Ltd.ILC Critical Minerals Ltd., formerly International Lithium Corp., has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share, but where the Company stands to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. While the world's politicians remain divided on the future of the energy market's historic dependence on oil and gas and on "Net Zero", there is in any scenario an ever-increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All of these contribute to rising demand for lithium, copper, and other metals. Rubidium is also a critical metal, strategic for high-precision clocks, space technology, and improving the performance of certain types of solar panels. ILC has seen the politically driven, increasingly urgent push by the USA, Canada, the EU, and other major economies to safeguard their supplies of critical minerals and to become more self-sufficient. The Company's Canadian and Southern African projects, which contain lithium, rubidium, cesium and copper, are strategic in this regard.The Company's key mission for the next decade is to generate revenue for its shareholders from lithium, rubidium and other critical minerals while also contributing to the creation of a greener, cleaner planet and less polluted cities. This includes optimizing the value of ILC's existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. The Company has announced that it regards Southern Africa as a key strategic target market and it has applied for and hopes to receive EPOs in Zimbabwe. The board hopes to make further announcements on the portfolio developments over the next few weeks and months.The Company's interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:NameMetalLocationStageArea in HectaresCurrent Ownership PercentageFuture Ownership % if options exercised and/or residual interestOperator or JV PartnerRaleigh LakeLithium
RubidiumOntarioDec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb 32,900100%100%ILCFiresteelCopper, CobaltOntarioInitial Drilling 6,60090%90%ILCWolf RidgeLithiumOntarioPre-Drilling 5,7000%100%ILCMavis LakeLithiumOntarioMay 2023
Maiden Resource Estimate 2,6000%0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)Critical Resources Limited (ASX: CRR)AvaloniaLithiumIrelandDrilling 29,2000%0%
2.0% Net Smelter RoyaltyGFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd)Forgan/
Lucky LakesLithiumOntarioDrilling < 5000%0%
1.5% Net Smelter RoyaltyPower Minerals Limited (ASX: PNN) The Company's primary strategic focus at this point is on the Raleigh Lake Project, comprising lithium and rubidium, and the Firesteel copper project in Canada, as well as obtaining EPOs and mineral claims in Zimbabwe. The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC's most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of the Company's claims. A Preliminary Economic Assessment was published for ILC's lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC's separate rubidium resource still pending. This showed, for the lithium only and not yet taking into account the rubidium, a Post-tax NPV of CAD$342.9 million and a Post-tax IRR of 44.3% p.a. This was based on a spodumene price of US$2,350 per tonne. As at March 3, 2026 the spot spodumene price was back up to US$ 2,220 per tonne. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.A continuing goal has been to remain a well-funded, strategically run company that turns ILC's aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC has continued to generate sufficient cash inflows to advance its exploration projects. With increasing demand for high-tech rechargeable batteries used in electric vehicles, energy storage, and portable electronics, lithium has been dubbed "the new oil". It is a key part of a green, sustainable economy. By positioning itself on projects with significant resource potential and solid strategic partners, ILC aims to become a preferred lithium and critical minerals resource developer for investors and to continue building value for its shareholders throughout the 2020s, the decade of battery metals.On behalf of the Company,John Wisbey
Chairman and CEO
www.ilccm.comFor further information concerning this news release, please contact info@ilccm.com or ILC@yellowjerseypr.com, or telephone +1 236 358 9100 Neither 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.Cautionary Statement Regarding Forward-Looking InformationExcept for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the effect on results of anticipated production rates, the timing and/or anticipated results of drilling on the Raleigh Lake or Firesteel or Wolf Ridge projects, expected commodity prices, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or cesium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, the Company's budgeted expenditures, government permits or approval for licences and licence renewals, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company's third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or shareholders in our projects or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286187
Original: ILC Critical Minerals Ltd. Does Not Exercise Option to Buy Lepidico Mauritius Ltd.
CA Market News
4月前
ILC Critical Minerals Ltd. Announces Private PlacementFebruary 3, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - ILC Critical Minerals Ltd. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH0) ("ILC" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") of up to 100,000,000 common shares at CAD$0.025 per share to raise gross proceeds of up to CAD$2,500,000. There are no warrants attached to this placement.Proceeds of the private placement will be used partly to enable the Company to invest in growing its Southern African and Canadian operations and partly for general working capital purposes. If ILC decides to exercise its option, the Company may use part of the proceeds to exercise the option to acquire Lepidico (Mauritius) Ltd. ("Lepidico Mauritius") with a final net amount payable of around CAD$450,000. Lepidico Mauritius owns 80% of the company in Namibia that owns the Karibib project.A table showing approximate split of proceeds if the full CAD$2.5 million is raised is as follows :
Amount CAD$PercentageFinal payment to acquire Lepidico Mauritius
(if option exercised)450,00018.0Exploration expenditure in Namibia* and Canada950,00038.0Non arms length parties - Management fees440,00017.6Working Capital660,00026.4Total2,500,000100.0 *Assumes Lepidico Mauritius option exercisedPayments to persons conducting Investor Relations activities are expected to be appreciably less than 10% of the gross proceeds of the Offering. Any such Investor Relations engagements will be filed with the TSX Venture Exchange ("TSXV"), in accordance with their policies. Closing of the Offering is subject to acceptance by the TSXV. All securities issued in connection with the Offering will be subject to a four-month hold period from the date of issuance under applicable Canadian securities laws. The Company may pay finders fees on a portion of the placement, as permitted by TSXV policies and applicable securities laws.It is anticipated that some directors and insiders will participate in this Offering. The issue of shares (to the extent subscribed for by insiders) constitute "related party transactions" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as the subscribers include directors of the Company. The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the shares in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the shares to be issued to directors and insiders does not exceed 25% of the Company's market capitalization.About ILC Critical Minerals Ltd.ILC Critical Minerals Ltd., formerly International Lithium Corp., has exploration activities in Ontario, Canada, with intentions to expand into Southern Africa. It has projects at various stages, ranging from Definitive Feasibility Study at Karibib in Namibia (note that ILC currently has an option only and is treating this as historic information at this point and not a current resource for ILC) to Preliminary Economic Assessment at Raleigh Lake to Pre-Drilling at Wolf Ridge. The primary target metals in Canada are lithium, rubidium and copper. There are three projects (two in Ontario and one in Ireland) in which ILC has sold its share, but where the Company stands to receive future payments from either a resource milestone being achieved or from a Net Smelter Royalty. In Namibia the Karibib project contains lithium, rubidium and cesium.While the world's politicians remain divided on the future of the energy market's historic dependence on oil and gas and on "Net Zero", there is in any scenario an ever-increasing and significant demand for electricity driven by AI and data centres, and by a likely unstoppable momentum towards electric vehicles and grid-scale electricity storage. All of these contribute to rising demand for lithium, copper, and other metals. Rubidium is also a critical metal, strategic for high-precision clocks, space technology, and improving the performance of certain types of solar panels. ILC has seen the politically driven, increasingly urgent push by the USA, Canada, the EU, and other major economies to safeguard their supplies of critical minerals and to become more self-sufficient. The Company's Canadian and Southern African projects, which contain lithium, rubidium, cesium and copper, are strategic in this regard.The Company's key mission for the next decade is to generate revenue for its shareholders from lithium, rubidium and other critical minerals while also contributing to the creation of a greener, cleaner planet and less polluted cities. This includes optimizing the value of ILC's existing projects in Canada as well as finding, exploring and developing projects that have the potential to become world-class deposits. The Company announced that it regards Southern Africa as a key strategic target market and, in addition to Namibia, it has applied for and hopes to receive EPOs in Zimbabwe. The board hopes to make further announcements on the portfolio developments over the next few weeks and months.The Company's interests in various projects now consist of the following, and in addition, the Company continues to seek other opportunities:NameMetalLocationStageArea in HectaresCurrent Ownership PercentageFuture Ownership % if options exercised and/or residual interestOperator or JV PartnerRaleigh LakeLithium
RubidiumOntarioDec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb 32,900100%100%ILCRubicon + Helikon + Exclusive Prospecting LicenceLithium
Rubidium
CesiumKaribib, Namibia2021 : Feasibility Study completed for Li, Rb and Cs under JORC29,5000 %80%Lepidico; ILC if option exercisedFiresteelCopper, CobaltOntarioInitial Drilling 6,60090%90%ILCWolf RidgeLithiumOntarioPre-Drilling 5,7000%100%ILCMavis LakeLithiumOntarioMay 2023
Maiden Resource
Estimate 2,6000%0%
(carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)Critical Resources Limited (ASX:CRR)AvaloniaLithiumIrelandDrilling 29,2000%0%
2.0% Net Smelter RoyaltyGFL Intl Co Ltd. (owned by Ganfeng Lithium Group Co. Ltd)Forgan/
Lucky LakesLithiumOntarioDrilling < 5000%0%
1.5% Net Smelter RoyaltyPower Minerals Limited
(ASX: PNN) The Company's primary strategic focus at this point is on the Raleigh Lake Project, comprising lithium and rubidium, and the Firesteel copper project in Canada, as well as obtaining EPOs and mineral claims in Zimbabwe. The Karibib projects in Namibia, including further development of the EPL there, will be a high priority if ILC decides to exercise its option and remain involved.The Raleigh Lake Project now encompasses 32,900 hectares (329 square kilometres) of mineral claims in Ontario and represents ILC's most significant project in Canada. To date, drilling has occurred on less than 1,000 hectares of the Company's claims. A Preliminary Economic Assessment was published for ILC's lithium at Raleigh Lake in December 2023, with a detailed economic analysis of ILC's separate rubidium resource still pending. This showed, for the lithium only and not yet taking into account the rubidium, a Post-tax NPV of CAD$342.9 million and a Post-tax IRR of 44.3% p.a. This was based on a spodumene price of US$2,350 per tonne. As at February 2, 2026 the spot spodumene price was US$ 1,965 per tonne. Raleigh Lake is 100% owned by ILC, free from any encumbrances and royalties. The Raleigh Lake Project boasts excellent access to roads, rail, and utilities.A continuing goal has been to remain a well-funded, strategically run company that turns ILC's aspirations into reality. Following the disposal of the Mariana project in Argentina in 2021, the Mavis Lake project in Canada in 2022, and the Avalonia project in 2025, ILC has continued to generate sufficient cash inflows to advance its exploration projects. With increasing demand for high-tech rechargeable batteries used in electric vehicles, energy storage, and portable electronics, lithium has been dubbed "the new oil". It is a key part of a green, sustainable economy. By positioning itself on projects with significant resource potential and solid strategic partners, ILC aims to become a preferred lithium and critical minerals resource developer for investors and to continue building value for its shareholders throughout the 2020s, the decade of battery metals.On behalf of the Company,John Wisbey
Chairman and CEO
www.ilccm.comFor further information concerning this news release, please contact info@ilccm.com or ILC@yellowjerseypr.com, or telephone +1 236 358 9100_______________________________________________________________________________________Neither 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.Cautionary Statement Regarding Forward-Looking InformationExcept for statements of historical fact, this news release or other releases contain certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this or other news releases may include: the timing of completion of any offering and the amount to be raised, the likelihood or otherwise of the Company exercising its option on Lepidico Mauritius, the outcome of and issues around the arbitration involving Lepidico Namibia, the effect on results of anticipated production rates, the timing and/or anticipated results of drilling on the Karibib or Raleigh Lake or Firesteel or Wolf Ridge projects, expected commodity prices, the expectation of resource estimates, preliminary economic assessments, feasibility studies, lithium or rubidium or cesium or copper recoveries, modeling of capital and operating costs, results of studies utilizing various technologies at the company's projects, the Company's budgeted expenditures, government permits or approval for licences and licence renewals, future plans for expansion in Southern Africa and planned exploration work on its projects, increased value of shareholder investments in the Company, the potential from the Company's third party earn-out or royalty arrangements, the future demand for lithium, rubidium, cesium and copper, and assumptions about ethical behaviour by our joint venture partners or shareholders in our projects or third party operators of projects or royalty partners. Such forward-looking information is based on assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the interim and annual Management's Discussion and Analysis which are available at www.sedarplus.ca. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic, legislative, and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282473
Original: ILC Critical Minerals Ltd. Announces Private Placement
MasterBlastr
3年前
International Lithium Corp. Engages Investing News Network
V.ILC | 8 days ago
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2023) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce that it has entered into a new advertising and investor awareness campaign agreement (the "Agreement") with Dig Media Inc. dba Investing News Network ("INN"). Headquartered in Vancouver, Canada, INN has offices in Toronto, New York, and San Francisco. INN has been dedicated to providing independent news and education to investors since 2007.
INN will introduce the Company to INN's audience of educated, active investors. Using a variety of methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or market-making services as defined by TSX Venture Exchange policies.
Under the terms of the Agreement with INN, which supersedes an earlier agreement with INN, the Company has agreed to pay INN $29,000 at the commencement of the campaign and $29,000 after six months. The engagement, to the extent that it constitutes marketing activity under TSX Venture Exchange policies, is subject to the approval of the TSX Venture Exchange.
John Wisbey, Chairman and CEO of International Lithium Corp. commented:
INN will expand ILC's name recognition and corporate message via digital and social media platforms resulting in greater market awareness of ILC's very promising Raleigh Lake and other lithium projects. The engagement of INN is an implementation of our plan shared in the Q3 2022 Chairman's report that we will focus on getting our message out loud and clear, so that every serious investor in the lithium space knows about us.
About International Lithium Corp.
International Lithium Corp. believes that the world faces a significant turning point in the energy market's dependence on oil and gas and in the governmental and public view of climate change. In addition, we have seen the clear and increasingly urgent wish by the USA and Canada to safeguard their supplies of critical battery metals and to become more self-sufficient. Our Canadian projects are strategic in that respect.
Our key mission in the next decade is to make money for our shareholders from lithium and rare metals while at the same time helping to create a greener, cleaner planet. This includes optimizing the value of our existing projects in Canada and Ireland as well as finding, exploring and developing projects that have the potential to become world class lithium and rare metal deposits. Zimbabwe has been identified as a strategic market by the Company.
A key goal has been to become a well-funded company to turn our aspirations into reality, and following the disposal of the Mariana project in Argentina in 2021 and the Mavis Lake project in Canada in January 2022, the Board of the Company considers that ILC is now well placed in that respect with a strong net cash position.
The Company's interests in various projects now consists of the following, and in addition the Company continues to seek other opportunities, especially in Canada and Zimbabwe:
Name Location Area (Hectares) Current Ownership Percentage Future Ownership percentage if options exercised or work carried out Operator or JV Partner
Raleigh Lake Ontario 48,500 100% 100% ILC
Wolf Ridge Ontario 5,700 0% 100% ILC
Avalonia Ireland 29,200 45% 21% Ganfeng Lithium
Mavis Lake Ontario 2,600 0% 0%
(carries an extra earn-in payment of CAD $1.4M if resource targets met) Critical Resources Ltd (ASX:CRR)
Forgan Lake & Lucky Lake Ontario < 500 0% 1.5% Net Smelter Royalty Ultra Lithium Inc. (TSX.V:ULT)
The Company's primary strategic focus at this point is on the Raleigh Lake lithium, rubidium and caesium project in Canada and on identifying additional properties.
The Raleigh Lake project consists of 48,500 hectares (485 square kilometres) of mineral claims in Ontario and is ILC's most significant project in Canada. The exploration results there so far, which are on only about 8% of ILC's current claims, have shown significant quantities of rubidium and caesium in the pegmatite as well as lithium. Raleigh Lake is 100% owned by ILC, is not subject to any encumbrances, and is royalty free.
With the increasing demand for high tech rechargeable batteries used in electric vehicles and electrical storage as well as portable electronics, lithium has been designated "the new oil", and is a key part of a "green tech" sustainable economy. By positioning itself with projects with significant resource potential and with solid strategic partners, ILC aims to be one of the lithium and rare metals resource developers of choice for investors and to continue to build value for its shareholders in the '20s, the decade of battery metals.
On behalf of the Company,
John Wisbey
Chairman and CEO
www.internationallithium.com
For further information concerning this news release please contact +1 604-449-6520