Halted in Canada - news pending.
VANCOUVER, BC, Dec. 4, 2023 /CNW/ - The following issues have been halted by CIRO
Company: International Lithium Corp.(ILHMF)
TSX-Venture Symbol: ILC
All Issues: Yes
Reason: Pending News
Halt Time (ET): 3:26 PM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions
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,
Chairman and CEO
For further information concerning this news release please contact +1 604-449-6520
lithium production can't keep up with massive demand for EVs
Jiangxi Ganfeng Lithium, the world’s largest lithium mining company with a market capitalization of $19 billion, says that lithium prices will continue to rally
Jiangxi Ganfeng Lithium has a 7.7% ownership interest in ILHMF
see below link for fact sheet
SHARE STRUCTURE (as of January 30, 2020)
Common Shares 132,595,903
Shares Shares *
- John Wisbey (Chairman &CEO) 19.99% 37.70%
- Private Investor 19.99% 13.38%
- Ganfeng Lithium Co. Ltd. 11.64% 7.79%
- Other Board and Management 2.63% 4.27%
* % ownership if all convertibles converted
float should be around 60M, more than 50% held by those above assuming current (not fully converted) SS
What is the source for those amounts ??
12.8% + 10% buy-in interest in Mariana
NPV of $192M calculated from 2018 vols I believe not accounting for 250%+ increase they just found recently in 2020.
so that means ~$700M
ILHMF holds $140M worth of lithium today and we trading 10x below?
This is just for Mariana
Lithium Forecast see link below:
Note: you must copy above (all of it) and paste in search box at the very top of the search engine page (i used yahoo.com)
??'s on how to do this send me an email
cant wait for the ABEP* chasers to find us
its a breath day across the market...back to normal tomorrow
Games games games they need to get real and let it rip
Beebread,_yes the_Canada and_Ireland properties_should rise likewise_if
Ganfeng will also back their Made-in-China truck up to these properties and dump some fresh Chinese (or USA Treasury-backed) cash into them also to get them kick-started like the Argentina (or Bacanora Mexico) project.
Argentina prints paper money like it is going out-of-style while Canada and Ireland do not (thereby facilitating using local currency) so that is a big concern here in Argentina also.
If Argentina wants lithium miners to also produce batteries in the home Argentina country (and then sit on those inventories in slow/election-neering/troublesome/warring times) then the whole lithium industry in Argentina will come to a screeching halt just like it is Chile currently excluding "golden goose" SQM & Albemarle who are the darlings of all the bust-down-the-nettlesome-trade-barriers fascists there.
Lithium miners never ever turn out to be good battery makers.
government meddling in the mining business is nothing new. any doubt cast over prospects in Argentina will increase the value of the properties in Canada and Ireland no? If demand persists surely consensus will be found when there’s money to be made
Argentina_fixing to_frock all_their lithium_miners Chilean CORFO doggystyle
by requiring Argentinian lithium miners now also make batteries IN Argentina using strike-loving beaners on the factory assembly lines in a country that has been on the IMF shit list for failing to pay any loans back on schedule to that bank/lender for the last 30 years and inflation is totally out of control.
Click here for page one of the Argentinian lithium miners obituary.
Dear Argentina, that whooshing sound you are about to hear in your ears is the sound of lithium miners (following Ganfeng) packing up their moneybags/suitcases and heading up to Mexico and Bolivia leaving Argentina in the dust. Lithium batteries need to be made in China, Korea, Japan, USA or Germany NEAR the EV makers... that is where the "manufacturing action" is located, not Argentina. Argentina can barely make a good lawnmower much less a custom lithium ion battery whose design/chemistry seems to change every 2 months.
seller in the house
Seems like they’re still holding it back! Huge volume yesterday! Price today??!
I like it. Go baby.
ILHMF's competition is at $3.00 a share...
STLHF, MLNLF, LIACF are all near $3.00 a share
LAC is at $23 a share, PLL is at $57 a share
all are lithium companies, none of which have any revenues, because they are in the preliminary stages of exploration...
Any predictions for tomorrow? I picked up a few shares of this today
they are trying to hold it back...weekly chart tells the tale.
ILHMF will hit $30, PLL hitting $57.80 today
both are in the same industry, lithium, both have no revenue, both are in their exploration, research, and development stages of lithium production
both have an excellent cash position
ILHMF just hasn't gotten noticed...