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
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